CoinGecko, a leading cryptocurrency data aggregator, has initiated a new service that simplifies the retrieval of decentralized exchange (DEX) and blockchain data for its community. The feature, rolled out on February 28, leverages the capabilities of GeckoTerminal, the brand’s DEX monitoring division, to offer a comprehensive API covering crypto prices, market data, and related metadata. Users now gain the advantage of a centralized API designed to provide extensive cryptocurrency information.
Expansion of Data Accessibility
The API expansion allows access to on-chain liquidity pool data for a wide array of cryptocurrencies, including those not previously listed on CoinGecko. This expansion widens the API’s range to encompass over 2.5 million liquidity pools and 2.2 million tokens, marking a significant enhancement in data coverage for users.
The scope of data now extended to about 900 DEXs on more than 120 networks, incorporates information from popular decentralized trading platforms such as Uniswap, PancakeSwap, Orca, Curve, and Balancer. This newly available data is provided through 20 fresh endpoints for CoinGecko’s premium API subscribers.
Dedication to Community Empowerment
Bobby Ong, the co-founder of CoinGecko, has expressed that the update underlines the firm’s dedication to enhancing the crypto community’s ability to access and utilize asset prices and market data. Ong emphasized the benefit of having DEX information readily available through a single API, which allows for deeper exploration of the decentralized ecosystem and the potential development of innovative products.
DeFi Developments Echo Industry Growth
This announcement coincides with notable advances in the DeFi sector, such as Aave’s recent deployment of its lending protocol on the BNB Chain network, anticipated to foster app development with Aave’s liquidity. Additionally, Uniswap’s unveiling of a web extension wallet aims to provide browser-based crypto transactions, further fueling the evolution of decentralized finance capabilities.
