Update Feb. 29, 7:11 AM UTC: This article has been updated to add comments from a CoinGecko spokesperson. 

Digital asset data aggregator CoinGecko has launched a feature that will make it easier for the community to access on-chain data from decentralized exchanges (DEXs). 

1/ GM Geckos, today's the day...

On-chain DEX data is now directly accessible on CoinGecko API – powered by @GeckoTerminal .

Get on-chain token liquidity pool data along with crypto price, market data, metadata and more from our API! Read on ⬇️ #BuildwithCoinGecko pic.twitter.com/4LS41l3jBt

— CoinGecko (@coingecko) February 28, 2024

On Feb. 28, CoinGecko announced that it is making DEX data available through its application programming interface (API). The data will be supported by its DEX tracking arm, GeckoTerminal. With the new integration, users will be able to access a unified API for crypto prices, market data and metadata. In addition, on-chain liquidity pool data for cryptocurrencies not yet listed on CoinGecko will also be available.

According to CoinGecko, this new product update will expand its API coverage to 2.2 million tokens across 2.5 million liquidity pools. This will also mean users can access data from about 900 DEXs across 120 networks. This includes decentralized trading platforms like Uniswap, PancakeSwap, Orca, Curve and Balancer. This data is now available to CoinGecko’s paid API subscribers through 20 new endpoints.

CoinGecko co-founder Bobby Ong said the new update shows their commitment to empowering the crypto community with digital asset prices and market data. Ong explained:

“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.”

A CoinGecko spokesperson told Cointelegraph that this new development gives users a "holistic view" of the market. Users can better understand broader market trends and price movements by accessing on-chain DEX data.

Furthermore, this unified API also simplifies processes for developers. “Updates and changes can be implemented efficiently without having to modify code for multiple APIs, therefore reducing the maintenance overhead and cost.”

As an example, the CoinGecko spokesperson explained that a Telegram bot that produced aggregated crypto prices for a token can now be designed to also share trending crypto pools on DEXs. This means that developers can update their products and further evolve them.

Related: 46% of largest crypto airdrops peaked within 14 days — CoinGecko

CoinGecko’s announcement follows several developments within the decentralized finance (DeFi) space. On Feb. 22, Aave deployed its lending protocol on the BNB Chain network. The BNB Chain Core Development Team told Cointelegraph in a previous statement that this integration will allow developers on the network to launch the application that builds on Aave’s liquidity.

Meanwhile, Uniswap will be launching a web extension for its native wallet on Feb. 27. The DEX highlighted in an announcement that the extension will let users send, receive, buy and swap digital assets directly from their browsers. Uniswap said there is a waitlist for users who claimed a uni.eth username. They wrote that they would give these users access to the beta version of the extension.

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