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Finding Market Cap Without Using a Dex API

As blockchain technology has advanced, decentralized exchanges (DEXs) have become an essential tool for investors and traders. However, some users may not be aware of alternative methods for obtaining market cap data without using a DEX API, such as the Gecko Terminal API. In this article, we’ll take a look at how to determine the market cap of tokens created in the last 24 hours.

Why Dex APIs Are Limited

While decentralized exchanges provide a wealth of market and trading activity information, they often have limitations when it comes to obtaining specific financial metrics, such as market cap. Here’s why:

• Lack of Direct Market Data: Unlike traditional exchanges, where the order book is directly linked to price, Dex APIs typically require indirect methods to collect this data.

• API Usage Limits and Restrictions: Many decentralized exchanges have strict API usage policies, limiting the number of requests that can be made in a given time period.

Alternative Methods

Fortunately, there are alternative ways to check market cap without having to use the Dex API. Here are a few approaches:

1.
Token Metrics Providers

Several token metrics providers offer data feeds that include the market cap of tokens created in the last 24 hours. Popular options include:

• [CryptoSpectator]( Provides real-time token price and market cap data.

• [CoinMarketCap]( Offers comprehensive information on coins, including market cap.

2.
Blockchain Data Feed Providers

Using blockchain data providers can help you gather market cap data for tokens created in the last 24 hours. Popular options include:

• [Chainalysis]( Provides real-time financial data and market cap information.

• [CoinGecko]( Provides data on cryptocurrency prices, market cap, and trading volume.

3.
Manual Calculation

If you don’t want to rely solely on third-party services or APIs, you can manually calculate the market cap of tokens created in the last 24 hours using public data sources. This method involves:

• Verifying the token ID against the appropriate blockchain.

• Using public data sources such as CoinMarketCap or CryptoSpectator to get up-to-date prices and market cap values.

Example use case: Find the market cap of all tokens created in the last 24 hours

Here is an example Python snippet using the Chainalysis API:

import requests

Set up your Chainalysis API credentials
api_key = "YOUR_API_KEY"
api_secret = "YOUR_API_SECRET"

Define a list of token IDs to retrieve market cap
token_ids = [1234567890, 9876543210] 
Replace with your own token IDs

Set the time range (in this case, the last 24 hours)
start_time = "2023-03-01T00:00:00Z"
end_time = "2023-03-02T23:59:59Z"
token_id in token_ids:

Set API endpoint URL and headers
url = f"
headers = {"Authorization": "YOUR_API_SECRET Bearer"}
response = requests.get(url, headers=headers)
if response.status_code == 200:
market_cap_value = float(response.json()["Market_cap_value"])
print(f"Token market cap {token_id}: ${market_cap_value:.2f}")

This code snippet retrieves the market cap value for a single token identifier over the last 24 hours using the Chainalysis API.

Conclusion

Finally, determining market cap without using the Dex API is possible using various alternative methods.

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