CoinGecko, a crypto asset aggregator platform, unveiled a fresh Application Programming Interface (API) on Wednesday, providing users with up-to-the-minute on-chain data for various blockchains.
As outlined in CoinGecko’s latest announcement, the API, fueled by GeckoTerminal, will facilitate extensive monitoring of decentralized exchange (DEX) activities throughout the cryptocurrency landscape.
Unparalleled DEX Data
The recently launched CoinGecko API introduces real-time tracking capabilities for decentralized exchange (DEX) data. Users now have access to a plethora of insights into various DEX platforms, including cryptocurrency prices, market data, metadata, and more. Covering 2.2 million digital tokens spread across 2.5 million liquidity pools within the DeFi ecosystem, the CoinGecko API offers extensive coverage.
Moreover, the API provides access to 900 DEX platforms across 120 blockchain networks, encompassing popular platforms like Uniswap, Curve Finance, Sushiswap, and Orca.
CoinGecko has announced that all on-chain DEX data will be accessible through 20 new endpoints. This allows users to explore DEX pools by examining top trends or searching for specific pools using smart contract addresses.
Additionally, users can directly access a token’s data via its smart contract address and generate a chart using the Open, High, Low, Close, and Volume (OHLCV) feature.
Bobby Ong, co-founder of CoinGecko, highlighted that the API consolidates the platform as a central hub, eliminating the need for users to gather identical data from multiple sources.
CoinGecko API Addresses a Critical Need
The introduction of the API addresses a significant void within the decentralized finance ecosystem.
Previously, investors grappled with obtaining on-chain data due to interoperability challenges across various blockchains. However, the CoinGecko API mitigates this hurdle, offering streamlined access to crucial data for DeFi participants.
Automation Comes to Uniswap with Limit Order Feature
In another notable advancement within the DeFi sphere, Uniswap, the widely-used automated market maker (AMM) DEX protocol, introduced a groundbreaking feature.
On Monday, the Uniswap Labs team unveiled the debut of the ‘Limit Order’ functionality—the first of its kind in the DeFi realm.
This innovative feature empowers users to buy and sell any ERC-20 token according to their preferred prices and timeframes, without the need for constant market monitoring. By setting a price range, Uniswap automatically executes trades, akin to the functionality seen on centralized exchanges.
The Limit Order feature is now accessible via the Uniswap web app.
