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CoinGecko Releases GeckoTerminal, a Real-Time Token Tracking Tool

coingecko releases geckoterminal a real time token tracking tool 2

CoinGecko, which is a platform for aggregating cryptocurrency data, has recently unveiled GeckoTerminal, which is a real-time monitoring tool for tracking token trading on decentralized exchanges (DEXs). The tool gives users access to data about prices, trading volume, and transactions taking place on DEXs.

GeckoTerminal Tracks More Than 1 Million Tokens

GeckoTerminal currently tracks more than 1 million tokens across 1 million trading groups, spread over 469 DEXs, which is 110 times more than the number of tokens tracked on CoinGecko. According to Bobby Ong, the COO and co-founder of CoinGecko, adding GeckoTerminal to their platform is a significant step forward for the company, as they aim to help users understand the vast universe of crypto data in a future where everything that can be tokenized will be tokenized.

GeckoTerminal has added support for 83 new networks, expanding its coverage to include both Ethereum Virtual Machine (EVM) and non-EVM chains. The added networks include popular scaling solutions such as Arbitrum and Optimism and other chains like Polygon and Avalanche. This means that the platform now offers a more comprehensive view of the decentralized cryptocurrency exchange (DEX) ecosystem.

coingecko releases geckoterminal a real time token tracking tool

Proof-of-Reserves Monitoring Draws Attention

GeckoTerminal offers several features that users may find useful, including a developer API, an interactive charting tool, a watchlist, and Proof-of-Reserves (PoR) monitoring. For developers, a beta version of the GeckoTerminal public API can be used to create open-high-low-close (OHLC) data and develop their own charts and analysis. Traders can use the interactive charting tool for technical analysis within GeckoTerminal. The watchlist feature allows users to monitor their favorite tokens and DEXs, while the PoR monitoring feature lets them keep track of exchanges’ reserve balances to ensure transparency and security.

GeckoTerminal’s Proof-of-Reserves monitoring feature is particularly useful for traders who are conducting due diligence on an exchange. Currently, GeckoTerminal tracks 20 centralized exchanges that disclose their wallet reservation addresses.

Moreover, GeckoTerminal has formed partnerships with other analysis tools such as Bubblemaps, UNCX Network, and Cyberscope. The data feeds from GeckoTerminal are used by various projects, including KyberSwap, EtherDrops, and GemPad.

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