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

In right now’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 commonplace market information by analyzing patterns, liquidity actions, shopping for pressures, and different important elements indicating the potential of tokens. Consequently, with this API, you possibly can seamlessly uncover new traits, hidden gems, and different thrilling tokens. This lets you seamlessly have interaction and retain your Web3 viewers with out breaking a sweat!

To present you a bit sneak peek of what’s to return 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 growing liquidity: import fetch from ‘node-fetch’;

const choices = {
methodology: ‘GET’,
headers: {
settle for: ‘software/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 = {
methodology: ‘GET’,
headers: {
settle for: ‘software/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 = {
methodology: ‘GET’,
headers: {
settle for: ‘software/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 prefer to be taught extra about this industry-leading instrument and the way it can assist with blockchain information analytics, be part of us on this article as we discover the ins and outs of the Discovery API! Additionally, in the event you’d prefer 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 under!

Overview 

In right now’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 instrument is, the way it works, and canopy some examples of outstanding endpoints you’ll possible discover helpful when constructing decentralized purposes (dapps). Subsequent, we’ll stroll you thru a short 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 prime 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 intensive set of different improvement instruments. Some outstanding examples embrace the NFT API, Pockets API, and Token API. 

All Web3 APIs from Moralis supply industry-leading response instances and are cross-chain appropriate, supporting blockchains like Ethereum, BNB Sensible Chain (BSC), Polygon, and so on. What’s extra, because of the accessibility of our APIs, you possibly can cut back the typical time to market in your tasks by a formidable 83%. So, if you wish to construct Web3 platforms quicker and extra effectively, don’t overlook to enroll with Moralis! 

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

What’s Blockchain Information 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 potential for anybody to question information from them. Nevertheless, deciphering the uncooked info from these networks is difficult, which is why blockchain information analytics has grow to be more and more fashionable. 

However what’s blockchain information analytics? 

Blockchain information analytics is the method of figuring out, amassing, decoding, and analyzing publicly out there info saved on a blockchain community. Understanding this information gives perception into consumer habits, transactions, and different facets of a community. This can assist merchants, regulators, regulation enforcement, and different stakeholders perceive historic and present blockchain occasions. 

Nevertheless, fetching, decoding, and analyzing blockchain information is a posh and time-consuming endeavor. Thankfully, that is the place blockchain information analytics suppliers enter the equation, caring for all of the underlying complexities. In flip, all you need to do is question already decoded information, making it tremendous simple so that you can perceive what’s taking place on-chain. Moreover, there are a number of various kinds of blockchain information analytics, that means there are numerous forms of suppliers. As an illustration, 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 trying to construct compelling Web3 tasks – reminiscent of decentralized finance (DeFi) platforms – it’s extra possible they need to leverage blockchain information analytics to have interaction, delight, and retain customers. On this case, the {industry}’s main choice is Moralis’ Discovery API!

Uncover API – The High Blockchain Information API for Partaking Customers

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

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

So, why do you have to leverage the Discovery API when constructing dapps?

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

Interact Customers: With the Discovery API, you possibly can seamlessly hold 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 improve 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 in the marketplace. 

That provides you an outline of the Discovery API. Within the following subsection, we’ll dive deeper into this instrument 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 offer you 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 = {
methodology: ‘GET’,
headers: {
settle for: ‘software/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));

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 growing purchase stress: import fetch from ‘node-fetch’;

const choices = {
methodology: ‘GET’,
headers: {
settle for: ‘software/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));

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 = {
methodology: ‘GET’,
headers: {
settle for: ‘software/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));

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, it’s also possible to add different filters to slender down the outcomes even additional. As an illustration, by together with a min_market_cap parameter, you possibly can specify the minimal market cap in USD that the tokens featured within the response can have. Or, with the security_score parameter, you possibly can make sure that all tokens have not less than a particular safety rating. 

If you happen to’d prefer to discover extra in regards to the numerous endpoints of this instrument, be certain to take a look at the official Discovery API documentation web page!

3-Step Tutorial: Blockchain Information 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 growing purchase stress in three steps: 

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

Nevertheless, earlier than persevering with, you have to take care of just a few stipulations! 

Stipulations 

The Discovery API is appropriate with a number of programming languages, together with Python, Go, and so on. Nevertheless, 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 prime proper of Moralis’ homepage and enroll: 

Observe: The Discovery API is a premium function of Moralis. As such, if you wish to use this industry-leading instrument, 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 duplicate your key: 

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

Step 2: Write a Script Calling the getTopBuyPressureTokens Endpoint 

Open your most popular IDE, arrange a folder, and run the next command within the terminal to initialize a brand new mission: 

npm init

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

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

You may then open your ”bundle.json” file and add ”kind”: ”module” to the listing: 

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

import fetch from ‘node-fetch’;

const choices = {
methodology: ‘GET’,
headers: {
settle for: ‘software/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));

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

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

Nevertheless, in the event you’d prefer to slender down the response additional, you will have the choice so as to add a number of filters. As an illustration, by together with a min_market_cap=100000000 parameter, you’ll make sure that all cash returned may have a minimal market cap of 100000000. 

To be taught extra about all out there parameters, try the Get High 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 prime tokens with growing purchase stress. It’ll look one thing like this: 

[
{
“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
},
//…
},
//…
]

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

What to Construct with Blockchain Information Analytics? 

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

Properly, 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 purposes that give cryptocurrency merchants in-depth perception into numerous 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. An awesome instance of a token analytics platform is Moralis Cash! 

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

Portfolio Trackers

Portfolio trackers are purposes 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 embrace Moralis Cash, Delta, and Kubera. 

Customers of portfolio trackers search extra than simply numbers, and with the Discovery API, you possibly can serve them with up-to-date efficiency metrics and asset valuations. This, in flip, can considerably enhance consumer 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 can purchase and promote cryptocurrencies. Some outstanding examples of buying and selling platforms embrace 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 possibly can seamlessly hold your customers engaged by giving them a transparent edge available in the market.

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

Abstract: Blockchain Information Analytics – Flip Blockchain Information Into Partaking Insights & Evaluation with Discovery API 

In right now’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! 

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

With the Discovery API, you possibly can seamlessly remodel uncooked blockchain information into participating insights. This premier blockchain information API includes a suite of outstanding endpoints, serving to you uncover market traits, thrilling tokens, and hidden gems inside the crypto market. As such, this instrument goes past commonplace 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 have interaction your customers! Along with exploring the Discovery API, we additionally confirmed you how one can get prime tokens with growing 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, take into account studying extra content material right here on the weblog. As an illustration, discover the perfect altcoin API or learn 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!