Blockchain Data Analytics – Turn Blockchain Data Into Engaging Insights & Analysis with Discovery API

In right this moment’s article, we’ll dive into the ins and outs of blockchain information analytics and introduce you to the {industry}’s main blockchain information API – Moralis’ Discovery API. The Discovery API goes far past normal market information by analyzing patterns, liquidity actions, shopping for pressures, and different vital elements indicating the potential of tokens. Consequently, with this API, you may seamlessly uncover new developments, hidden gems, and different thrilling tokens. This lets you seamlessly have interaction and retain your Web3 viewers with out breaking a sweat!

To offer you a bit of sneak peek of what’s to come back and spotlight the accessibility of the Discovery API, listed here are three examples of outstanding blockchain information API endpoints you’ll possible discover useful in your Web3 improvement endeavors:

getRisingLiquidityTokens – Question the highest tokens with rising liquidity: import fetch from ‘node-fetch’;

const choices = {
technique: ‘GET’,
headers: {
settle for: ‘utility/json’,
‘X-API-Key’: ‘YOUR_API_KEY’
},
};

fetch(‘https://deep-index.moralis.io/api/v2.2/discovery/tokens/rising-liquidity?chain=eth’, choices)
.then(response => response.json())
.then(response => console.log(response))
.catch(err => console.error(err)); getTopBuyPressureTokens – Fetch the highest tokens with rising purchase stress: import fetch from ‘node-fetch’;

const choices = {
technique: ‘GET’,
headers: {
settle for: ‘utility/json’,
‘X-API-Key’: ‘YOUR_API_KEY’
},
};

fetch(‘https://deep-index.moralis.io/api/v2.2/discovery/tokens/buying-pressure?chain=eth’, choices)
.then(response => response.json())
.then(response => console.log(response))
.catch(err => console.error(err)); getExperiencedBuyerTokens – Uncover the highest tokens skilled patrons are buying: import fetch from ‘node-fetch’;

const choices = {
technique: ‘GET’,
headers: {
settle for: ‘utility/json’,
‘X-API-Key’: ‘YOUR_API_KEY’
},
};

fetch(‘https://deep-index.moralis.io/api/v2.2/discovery/tokens/experienced-buyers?chain=eth’, choices)
.then(response => response.json())
.then(response => console.log(response))
.catch(err => console.error(err));

If you happen to’d wish to study extra about this industry-leading software and the way it may help with blockchain information analytics, be a part of us on this article as we discover the ins and outs of the Discovery API! Additionally, in the event you’d wish to comply with alongside all through this information and leverage the Discovery API your self, don’t overlook to enroll with Moralis by clicking the button beneath!

Overview

In right this moment’s article, we’ll kick issues off by exploring the ins and outs of blockchain information analytics. From there, we’ll then dive straight into the {industry}’s main blockchain information API – Moralis’ Discovery API. In doing so, we’ll clarify what this blockchain information analytics software is, the way it works, and canopy some examples of outstanding endpoints you’ll possible discover helpful when constructing decentralized functions (dapps). Subsequent, we’ll stroll you thru a quick tutorial the place we’re going to point out you how one can fetch an inventory of cash with rising purchase stress in three steps:

Step 1: Get a Moralis API KeyStep 2: Write a Script Calling the getTopBuyPressureTokens EndpointStep 3: Run the Code

Lastly, to high issues off, we’ll cowl some outstanding use circumstances for blockchain information evaluation!

Moralis is an industry-leading Web3 API supplier, and along with the Discovery API, we additionally supply an in depth set of different improvement instruments. Some outstanding examples embody the NFT API, Pockets API, and Token API.

All Web3 APIs from Moralis supply industry-leading response occasions and are cross-chain suitable, supporting blockchains like Ethereum, BNB Sensible Chain (BSC), Polygon, and many others. What’s extra, because of the accessibility of our APIs, you may cut back the common time to market on your initiatives by a powerful 83%. So, if you wish to construct Web3 platforms sooner and extra effectively, don’t overlook to enroll with Moralis!

Now, with out additional ado, let’s bounce straight into the intricacies of blockchain information analytics!

What’s Blockchain Knowledge Analytics?

Blockchain networks (e.g., Ethereum, BNB Sensible Chain [BSC], and Polygon) are immutable, distributed ledgers that comprise blocks of information chained collectively in chronological order. Since these networks are decentralized and public, it’s attainable for anybody to question information from them. Nonetheless, deciphering the uncooked info from these networks is difficult, which is why blockchain information analytics has turn out to be more and more standard.

However what’s blockchain information analytics?

Blockchain information analytics is the method of figuring out, amassing, decoding, and analyzing publicly accessible info saved on a blockchain community. Understanding this information gives perception into person conduct, transactions, and different points of a community. This may help merchants, regulators, regulation enforcement, and different stakeholders perceive historic and present blockchain occasions.

Illustrative art image - showing a magnifying glass examining blockchain data analytics

Nonetheless, fetching, decoding, and analyzing blockchain information is a posh and time-consuming endeavor. Luckily, that is the place blockchain information analytics suppliers enter the equation, caring for all of the underlying complexities. In flip, all it’s important to do is question already decoded information, making it tremendous straightforward so that you can perceive what’s occurring on-chain. Moreover, there are a number of various kinds of blockchain information analytics, that means there are numerous varieties of suppliers. For example, regulators or governments search crypto information evaluation for compliance causes, and in doing so, they could flip to forensic blockchain information analytics suppliers like Chainalysis.

Now, for these seeking to construct compelling Web3 initiatives – akin to decentralized finance (DeFi) platforms – it’s extra possible they need to leverage blockchain information analytics to interact, delight, and retain customers. On this case, the {industry}’s main possibility is Moralis’ Discovery API!

Uncover API – The Prime Blockchain Knowledge API for Participating Customers

Moralis’ Discovery API is the final word software for reworking uncooked blockchain information into partaking insights. As such, with this industry-leading API, you may seamlessly have interaction and retain your Web3 viewers with out breaking a sweat!

Title: Transform Raw Blockchain Data Into Engaging Insights

The Discovery API gives a complete suite of endpoints that show you how to uncover new developments, thrilling tokens, and hidden gems inside the cryptocurrency market. Consequently, this software goes far past normal market information by analyzing patterns, shopping for pressures, liquidity actions, and different vital elements that point out a token’s potential.

So, why must you leverage the Discovery API when constructing dapps?

To reply this, let’s take a look at three advantages of utilizing this industry-leading software:

Interact Customers: With the Discovery API, you may seamlessly preserve your customers each knowledgeable and engaged by offering in-depth market perception. It will give them an edge available in the market, permitting your customers to find tokens earlier than anybody else. Delight Customers: Delight customers and enhance satisfaction with unmatched token information depth and breadth, together with safety scores, market caps, liquidity, and over 200 extra information factors. Retain Customers: Retain your customers and clients by constructing distinctive options that leverage unmatched datasets. In flip, it will give your platform a transparent aggressive edge, making it stand out available on the market.

That offers you an summary of the Discovery API. Within the following subsection, we’ll dive deeper into this software and take a look at some outstanding endpoints of this industry-leading API!

Discovery API Endpoints

The Discovery API options greater than 5 premier endpoints that provide you with unparalleled market insights. On this part, we’ll discover three outstanding examples and their responses:

getRisingLiquidityTokens – Discover the highest tokens with rising liquidity: import fetch from ‘node-fetch’;

const choices = {
technique: ‘GET’,
headers: {
settle for: ‘utility/json’,
‘X-API-Key’: ‘YOUR_API_KEY’
},
};

getRisingLiquidityTokens response:

[
{
“chain_id”: “0x1”,
“token_address”: “0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2”,
“token_logo”: “https://d23exngyjlavgo.cloudfront.net/0x1_0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2”,
“token_name”: “Maker”,
“token_symbol”: “MKR”,
“price_usd”: 1928.751817725437,
“token_age_in_days”: 2263,
“on_chain_strength_index”: -12,
“security_score”: 88,
“market_cap”: 1780783069.0873282,
“fully_diluted_valuation”: 1886465582.176907,
“twitter_followers”: 260998,
//…
“liquidity_change_usd”: {
“1h”: 632707.0488177538,
“1d”: 3928917.5214345455,
“1w”: 11325331.006205842,
“1M”: 29230996.84832488
},
//…
},
//…
] getTopBuyPressureTokens – Question the highest tokens with rising purchase stress: import fetch from ‘node-fetch’;

const choices = {
technique: ‘GET’,
headers: {
settle for: ‘utility/json’,
‘X-API-Key’: ‘YOUR_API_KEY’
},
};

getTopBuyPressureTokens response:

[
{
“chain_id”: “0x1”,
“token_address”: “0xde30da39c46104798bb5aa3fe8b9e0e1f348163f”,
“token_logo”: “https://d23exngyjlavgo.cloudfront.net/0x1_0xde30da39c46104798bb5aa3fe8b9e0e1f348163f”,
“token_name”: “Gitcoin”,
“token_symbol”: “GTC”,
“price_usd”: 1.1120713554479338,
“token_age_in_days”: 999,
“on_chain_strength_index”: 5,
“security_score”: 99,
“market_cap”: 15484451.96951144,
“fully_diluted_valuation”: 112243100.0453152,
“twitter_followers”: 200320,
//…
“volume_change_usd”: {
“1h”: 983.7751039660001,
“1d”: 18371.923767555,
“1w”: 443849.80801039684,
“1M”: 1020100.3945271757
},
//…
},
//…
] getExperiencedBuyerTokens – Get the highest tokens skilled patrons are buying: import fetch from ‘node-fetch’;

const choices = {
technique: ‘GET’,
headers: {
settle for: ‘utility/json’,
‘X-API-Key’: ‘YOUR_API_KEY’
},
};

getExperiencedBuyerTokens response:

[
{
“chain_id”: “0x1”,
“token_address”: “0xae7ab96520de3a18e5e111b5eaab095312d7fe84”,
“token_logo”: “https://d23exngyjlavgo.cloudfront.net/0x1_0xae7ab96520de3a18e5e111b5eaab095312d7fe84”,
“token_name”: “Liquid staked Ether 2.0”,
“token_symbol”: “stETH”,
“price_usd”: 2330.2637351765743,
“token_age_in_days”: 1145,
“on_chain_strength_index”: 2,
“security_score”: 85,
“market_cap”: 13725803670.527817,
“fully_diluted_valuation”: 13725803673.963886,
“twitter_followers”: 184242,
//…
“experienced_net_buyers_change”: {
“1h”: 1,
“1d”: 83,
“1w”: 545,
“1M”: 776
},
//…
},
//…
]

For every endpoint above, you may also add different filters to slim down the outcomes even additional. For example, by together with a min_market_cap parameter, you may specify the minimal market cap in USD that the tokens featured within the response can have. Or, with the security_score parameter, you may be sure that all tokens have a minimum of a selected safety rating.

If you happen to’d wish to discover extra concerning the varied endpoints of this software, be certain to take a look at the official Discovery API documentation web page!

3-Step Tutorial: Blockchain Knowledge Analytics with the Discovery API

Within the following subsections, we’ll stroll you thru a tutorial exploring how the Discovery API works in observe. To take action, we’ll be utilizing the getTopBuyPressureTokens endpoint for example and present you how one can fetch the highest tokens with rising purchase stress in three steps:

Step 1: Get a Moralis API KeyStep 2: Write a Script Calling the getTopBuyPressureTokens EndpointStep 3: Run the Code

Nonetheless, earlier than persevering with, you have to take care of a couple of stipulations!

Stipulations

The Discovery API is suitable with a number of programming languages, together with Python, Go, and many others. Nonetheless, for this tutorial, we’ll be utilizing JavaScript and NodeJS. As such, earlier than continuing, be sure you have the next prepared:

Step 1: Get a Moralis API Key

The very first thing you’ll want is a Moralis account. As such, in the event you haven’t already, click on on the ”Begin for Free” button on the high proper of Moralis’ homepage and enroll:

Notice: The Discovery API is a premium function of Moralis. As such, if you wish to use this industry-leading software, please improve to the Professional plan.

With an account at hand, head on over to the ”Settings” tab, scroll all the way down to the ”API Keys” part, and replica your key:

Please preserve it for now, as you’ll want it within the subsequent half!

Step 2: Write a Script Calling the getTopBuyPressureTokens Endpoint

Open your most well-liked IDE, arrange a folder, and run the next command within the terminal to initialize a brand new venture:

npm init

Subsequent, execute the terminal instructions beneath to put in the required dependencies:

npm set up node-fetch –save
npm set up moralis @moralisweb3/common-evm-utils

You possibly can then open your ”bundle.json” file and add ”sort”: ”module” to the listing:

Adding ”type”: ”module” to the code list

From right here, create a brand new ”index.js” file and add the next code:

import fetch from ‘node-fetch’;

const choices = {
technique: ‘GET’,
headers: {
settle for: ‘utility/json’,
‘X-API-Key’: ‘YOUR_API_KEY’
},
};

You then want to exchange YOUR_API_KEY with the important thing you copied throughout step one:

That’s it; you’re now able to run the code!

Nonetheless, in the event you’d wish to slim down the response additional, you have got the choice so as to add a number of filters. For example, by together with a min_market_cap=100000000 parameter, you’ll be sure that all cash returned can have a minimal market cap of 100000000.

To study extra about all accessible parameters, take a look at the Get Prime Purchase Stress Tokens documentation web page!

Step 3: Run the Code

Open a brand new terminal and run the next command to execute the script:

node index.js

In return, you’ll get a response containing an inventory of high tokens with rising purchase stress. It’s going to look one thing like this:

That’s it; from right here, now you can comply with exactly the identical steps to name another Uncover API endpoints!

What to Construct with Blockchain Knowledge Analytics?

With the Discovery API, you may seamlessly have interaction, delight, and retain your customers, making it an ideal software for constructing dapps. Nonetheless, what precisely are you able to construct with our industry-leading blockchain information API?

Effectively, let’s discover three examples of outstanding blockchain information evaluation use circumstances within the following subsections to reply the above query!

Token Analytics

Token analytics platforms are web sites and functions that give cryptocurrency merchants in-depth perception into varied tokens. These instruments collect, analyze, and current on-chain information from blockchain networks in a readable format, permitting customers to make extra knowledgeable funding selections. A fantastic instance of a token analytics platform is Moralis Cash!

Moralis Money Platform - Blockchain Data Analytics example

As you may think about, you want seamless entry to superior market information when constructing token analytics platforms. It will will let you serve your customers with unparalleled perception into the efficiency of cryptocurrencies, making it straightforward for them to search out new, promising funding alternatives.

Portfolio Trackers

Portfolio trackers are functions and web sites that permit customers to seamlessly monitor the efficiency of their digital belongings throughout a number of blockchain networks. Some outstanding examples of portfolio trackers embody Moralis Cash, Delta, and Kubera.

Portfolio Tracker MetaMask and Moralis Money as examples using blockchain data analysis and insights

Customers of portfolio trackers search extra than simply numbers, and with the Discovery API, you may serve them with up-to-date efficiency metrics and asset valuations. This, in flip, can considerably enhance person engagement and satisfaction, giving your platform a transparent aggressive edge.

Buying and selling Platforms

Buying and selling platforms are both centralized or decentralized exchanges (DEXs) the place customers should buy and promote cryptocurrencies. Some outstanding examples of buying and selling platforms embody Uniswap, Curve, and Binance.

Entry to market information and superior token perception is essential when constructing and sustaining centralized and decentralized exchanges. With this information, you may seamlessly preserve your customers engaged by giving them a transparent edge available in the market.

Nonetheless, token analytics instruments, portfolio trackers, and buying and selling platforms are solely three examples of use circumstances for the Discovery API. In actual fact, the one factor limiting you is your creativeness!

Abstract: Blockchain Knowledge Analytics – Flip Blockchain Knowledge Into Participating Insights & Evaluation with Discovery API

In right this moment’s article, we explored the ins and outs of blockchain information evaluation. In doing so, we found that it’s the method of figuring out, querying, analyzing, and decoding uncooked blockchain information!

Illustrative art image showing blockchain data analytics fetched using a Blockchain Data API

From there, we then dove straight into the {industry}’s main blockchain information evaluation software – Moralis’ Uncover API!

With the Discovery API, you may seamlessly remodel uncooked blockchain information into partaking insights. This premier blockchain information API encompasses a suite of outstanding endpoints, serving to you uncover market developments, thrilling tokens, and hidden gems inside the crypto market. As such, this software goes past normal market perception by analyzing shopping for pressures, liquidity actions, and different elements that point out the potential of crypto tokens.

So, with the Discovery API, you get seamless entry to superior market insights, permitting you to each retain and interact your customers! Along with exploring the Discovery API, we additionally confirmed you how one can get high tokens with rising purchase stress in three steps:

Step 1: Get a Moralis API KeyStep 2: Write a Script Calling the getTopBuyPressureTokens EndpointStep 3: Run the Code

So, in case you have adopted alongside this far, you now know what the Discovery API is and the way it works!

If you happen to favored this blockchain information evaluation tutorial, contemplate studying extra content material right here on the weblog. For example, discover one of the best altcoin API or discover ways to construct dapps on Optimism. Additionally, in the event you’d like to make use of the Discovery API and different main Web3 improvement instruments your self, don’t overlook to enroll with Moralis instantly!

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