Finding Market Cap Without Using Dex APIs

As blockchain technology continues to evolve, decentralized exchanges (DEXs) have become a crucial tool for investors and traders. However, some users may not be aware of alternative methods to obtain market cap data without relying on DEX APIs, such as the Gecko Terminal API. In this article, we will explore ways to find the market cap of tokens created in the last 24 hours.

Why Dex APIs Are Limited

While DEXs provide a wealth of information about market data and trading activity, they often come with 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 tied to price, Dex APIs often require indirect methods to collect this data.

• API Usage Limits and Restrictions: Many DEXs implement strict API usage policies, limiting the number of requests that can be made within a given time period.

Alternative Methods

Fortunately, there are alternative ways to find market cap without relying on Dex APIs. Here are a few approaches:

1.
Token Metrics Providers

Several token metrics providers offer data feeds that include market cap for tokens created in the last 24 hours. Some 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 feed providers can help you collect market cap data for tokens created in the last 24 hours. Some popular options include:

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

• [CoinGecko]( Offers cryptocurrency price, market cap, and trading volume data.

3.
Manual Calculation

If you prefer to avoid relying on external services or APIs altogether, you can manually calculate the market cap for tokens created in the last 24 hours using public data sources. This method involves:

• Checking token IDs against their respective blockchains.

• Using public data sources like CoinMarketCap or CryptoSpectator to retrieve current prices and market cap values.

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

Here is an example code snippet in Python using the Chainalysis API:

import requests









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

Set a list of token IDs to retrieve the market capitalization
token_ids = [1234567890, 9876543210] 
Replace with your 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"
for token_id in token_ids:

Set your API endpoint URL and headers
url=f"
headers = {"Authorization": "Bearer YOUR_API_SECRET"}
response = requests.get(url, headers=headers)
if response.status_code == 200:
market_cap_value = float(response.json()["marketCapValue"])
print(f"Market capitalization for token {token_id}: ${market_cap_value:.2f}")

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

Conclusion

In conclusion, finding market capitalization without relying on Dex APIs is possible with several alternative methods.