CoinGecko Launches New Feature to Access On-Chain Data from Decentralized Exchanges (DEXs)

The data of the decentralized exchange on the blockchain will be accessible for CoinGecko API's paying subscribers.

CoinGecko provides on-chain decentralized exchange data through an API.

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Financial and blockchain technology experts, get ready for some exciting news! Digital asset data aggregator CoinGecko has just announced the launch of a new feature that will make it easier for the community to access on-chain data from decentralized exchanges (DEXs). 🎉

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CoinGecko is known for providing comprehensive data and market information for cryptocurrency enthusiasts and investors. And now, with their latest update, they are taking it one step further by bringing decentralized finance (DeFi) data closer to users through their application programming interface (API).

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Through this integration, users will have access to a unified API for crypto prices, market data, and metadata. But that’s not all! CoinGecko will also provide on-chain liquidity pool data for cryptocurrencies that are not yet listed on their platform. Talk about expanding horizons!

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This new product update will extend CoinGecko’s API coverage to a whopping 2.2 million tokens across 2.5 million liquidity pools. That means users can now access data from approximately 900 DEXs across 120 networks. If you’re into decentralized trading platforms like Uniswap, PancakeSwap, Orca, Curve, or Balancer, you’re in luck! CoinGecko has got you covered.

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Bobby Ong, co-founder of CoinGecko, expressed his excitement about the new update and the positive impact it will have on the crypto community. He stated, “With on-chain DEX data now accessible through the CoinGecko API, users can harness the information without having to consolidate from multiple sources, dive deeper into the decentralized ecosystem, and unlock new avenues of product creation.” It’s all about empowering users and fostering innovation in the digital asset space.

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CoinGecko’s latest announcement comes at a time when there have been significant developments in the DeFi industry. Aave recently deployed its lending protocol on the BNB Chain network, enabling developers to build applications on Aave’s liquidity. Uniswap is also launching a web extension for its native wallet, making it even more convenient for users to interact with digital assets directly from their browsers.

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Q&A Time:

👉 Q: What is CoinGecko’s new feature and how does it benefit users? – A: CoinGecko’s new feature allows users to access on-chain data from decentralized exchanges (DEXs) through their API. It provides a unified source for crypto prices, market data, and metadata, making it easier for users to access information and dive deeper into the decentralized ecosystem.

👉 Q: Which DEXs are supported by CoinGecko’s new feature? – A: CoinGecko’s new feature supports around 900 DEXs across 120 networks, including popular platforms like Uniswap, PancakeSwap, Orca, Curve, and Balancer.

👉 Q: Will CoinGecko provide data for cryptocurrencies not listed on their platform? – A: Yes, CoinGecko will now provide on-chain liquidity pool data for cryptocurrencies that are not yet listed on their platform. This expands the range of data available to users and opens up new opportunities for analysis and investment strategies.

👉 Q: What are some recent developments in the DeFi industry? – A: One notable development is Aave deploying its lending protocol on the BNB Chain network, which allows developers on the network to build applications using Aave’s liquidity. Uniswap is also launching a web extension for its native wallet, offering users a more seamless experience in managing their digital assets.

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Looking into the future, it’s clear that the DeFi space is expanding rapidly. CoinGecko’s latest update is just one of many indicators of the industry’s growth. As more users gain access to decentralized exchanges and on-chain data, we can expect increased innovation, new product offerings, and exciting investment opportunities.

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For further information and related topics, check out these valuable resources:

1. CoinGecko’s Twitter Announcement
2. Aave’s Lending Protocol Deployment
3. 46% of Largest Crypto Airdrops Peaked Within 14 Days — CoinGecko
4. Uniswap’s Web Extension Launch
5. DeFi’s Billion-Dollar Secret: The Insiders Responsible for Hacks

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Share this article with your fellow crypto enthusiasts and let them know about CoinGecko’s latest feature! Together, we can stay informed, make smarter investment decisions, and contribute to the growth of the decentralized finance ecosystem. Happy trading and investing! 💪🚀

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