The Greatest Token Value API in 2023 for Dapp Builders

With Moralis’ enterprise-grade Token Value API, you’ll be able to simply question each the historic and present value of any token with a single API name. All that you must do is name the ”getTokenPrice” endpoint whereas passing a token tackle as a parameter: 

const response = await Moralis.EvmApi.token.getTokenPrice({
tackle,
});

With little to no prior growth expertise and a few information of Moralis, you’ll be able to seamlessly incorporate the snippet above into your future blockchain initiatives to get the worth of any ERC20 token! Merely enroll with Moralis and get began instantly!

You’ll be able to moreover take a look at the official get ERC20 token value documentation web page for extra details about the ins and outs of the ”getTokenPrice” endpoint.

Overview

Getting your arms on real-time blockchain information is likely one of the most essential components of Web3 growth. Moreover, one piece of data required for nearly all decentralized functions (dapps) and different Web3 platforms is token costs. For instance, if you’re constructing a decentralized change (DEX), you ideally need to show the present costs of tokens in USD to enhance the person expertise. Nonetheless, the massive query is, how do you get the worth of any ERC20 token? The reply to this query is Moralis’ Token Value API! 

As talked about, because of Moralis’ enterprise-grade Token Value API, you’ll be able to seamlessly question the worth of any token with a single API name. If this sounds thrilling, be part of us all through this tutorial as we discover the very best token value API and present you the way it works. Nonetheless, earlier than exploring this utility programming interface, we’ll kickstart this tutorial with a deep dive into APIs. After you have a greater understanding of what APIs are and why they play a major position for builders, we soar into the principle matter and discover Moralis’ Token Value API. Lastly, to prime issues off, we offer a short walkthrough of the way it works by offering a sensible instance. 

If you’re already accustomed to the Token Value API, be certain that to take a look at further Moralis instruments. Furthermore, the very best Web3 infrastructure supplier, Moralis, affords a collection of different Web3 APIs. This contains, for instance, the Web3 Streams API. With this software, you’ll be able to seamlessly stream blockchain information into your initiatives by way of Moralis webhooks! 

Nonetheless, it doesn’t matter if you wish to use the Token Value API or different Moralis instruments; you continue to want an account. Thus, earlier than continuing, enroll with Moralis proper now to totally make the most of the ability of blockchain know-how! 

What’s an API? 

Earlier than diving into the very best token value API, allow us to refresh our reminiscences by returning to fundamentals and exploring the intricacies of APIs normally. As such, if you’re already accustomed to what they’re, be at liberty to skip straight into the ”Exploring the Greatest Token Value API in 2023” part. In any other case, be part of us right here as we reply the query, ”what’s an API?”.

API is an abbreviation for ”utility programming interface”. Moreover, this growth software is liable for facilitating communication between numerous items of software program. Consequently, as you’ll be able to think about, APIs play a vital position in each the Web2 and Web3 infrastructures. 

When shopping the web or interacting with apps, your gadget connects to the online and transmits information to a server or database. In flip, the receiving finish interprets the knowledge, will get the suitable response, and sends it again to your gadget. From there, your gadget processes the info and presents it in a readable format.

The aforementioned course of is usually mediated by an API, translating a set of directions and enabling the 2 decoupled techniques to speak seamlessly. Furthermore, APIs guarantee suitable coding in secure and safe growth environments, achieved by delivering capabilities reliably on request. As such, APIs present a considerably extra accessible developer expertise. 

So, now that you’ve a greater understanding of what an API is and why APIs are useful, allow us to get extra particular. Within the subsequent part, we’ll slim the scope and discover the ins and outs of token value APIs! 

What’s a Value API for Tokens? 

Throughout the Web3 house, a major a part of the event course of revolves round cross-system communications. So, since dapps and different initiatives are constructed on numerous blockchain networks, these techniques want environment friendly methods to speak and work together. That is the place instruments similar to token value APIs enter the equation! 

For example, let’s think about you need to construct a decentralized change (DEX). On this change, you need to allow customers to swap, promote, and buy blockchain tokens. Ideally, you need to show the present value of every token instantly in your utility in order that customers know what they’re anticipated to pay. 

To get this data, you need to question real-time information instantly from the blockchain. Nonetheless, from a traditional perspective, this has been fairly a trouble. Fortuitously for you, that is now not the case, as you’ll be able to simply entry token value APIs aiding on this course of! 

By way of a token value API, you’ll be able to seamlessly combine real-time token value information into your dapps (decentralized functions) and different Web3 initiatives with solely a few traces of code. Nonetheless, which token value API do you have to go for? If you would like the reply to this query, be part of us as we discover the very best token value API within the following part! 

Exploring the Greatest Token Value API in 2023 

One of the best API for buying the worth of tokens is Moralis’ Token API! With this software, you’ll be able to combine real-time token information into your dapps with solely a few traces of code. Moreover, because of Moralis’ cross-chain capabilities, you should utilize this API for growth on a number of networks. This contains Ethereum, BNB Chain, Polygon, Avalanche, and lots of extra! 

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The Token API from Moralis has three key options: 

Token Balances – With Moralis’ Token API, you’ll be able to seamlessly question all tokens customers maintain with a single API name. The interface options full historic help, and you may get a person’s steadiness at any block quantity.  Token Transfers – You’ll be able to keep updated with the latest token transfers utilizing the API. As such, with Moralis, you’ll be able to see the switch historical past of a pockets or a specific token and observe them in actual time. Token Costs – The Token API aggregates token costs from AMMs similar to PancakeSwap and Uniswap, making them accessible in a single API name.  

On this tutorial, we’ll concentrate on the latter. As we accomplish that, we’ll briefly present you how one can get the worth of any ERC20 token. Furthermore, as we beforehand talked about, you may get the worth of any token by means of a single API name. That stated, to amass a token’s value, that you must name the ”getTokenPrice” endpoint. However what precisely is that this endpoint, and the way does it work? 

Moralis’ ”getTokenPrice” Endpoint 

The ”getTokenPrice” endpoint is the important thing for querying the worth of any ERC20 token. As such, allow us to navigate to the get ERC20 token value documentation web page and examine the endpoint additional: 

Because the picture above illustrates, you’re solely required so as to add an ”tackle” parameter to get the worth. Nonetheless, you may also specify different parameters such because the ”chain”, ”change”, and ”to_block”. So, allow us to break down what every parameter entails: 

”tackle” – Add the tackle of the token you need to get the worth from.”chain” – Specify the chain you need to question. Should you exclude this parameter, the default choice is the Ethereum community. ”change” – Choose a specific change utilizing the manufacturing facility identify or tackle. ”to_block” – Specify the block quantity to find out from which block the token value needs to be queried. 

When you full all of the fields of your selection, you’ll be able to check out the endpoint instantly within the browser by clicking on ”Strive It!”. In doing so, you’ll instantly obtain a response within the ”RESPONSE” part. This lets you see what to anticipate in your code:

You’ll be able to moreover change the programming language on the prime if you want to know the way the ”getTokenPrice” endpoint works utilizing, as an illustration, Python: 

Nonetheless, that covers the important components of the ”getTokenPrice” endpoint. Nonetheless, within the following part, we’ll present you how one can use the Moralis Token Value API to name the endpoint with a sensible instance! 

Tips on how to Use Moralis’ Token Value API 

Now that you’ve familiarized your self with Moralis’ Token Value API and the ”getTokenPrice” endpoint, this part briefly covers the intricacies of how this Moralis software works in apply. As such, we’ll rapidly present you how one can create a NodeJS undertaking enabling you to fetch the worth of any ERC20 token based mostly on its tackle! 

To start with, open your built-in growth surroundings (IDE) and arrange a brand new NodeJS undertaking. From there, create a brand new ”index.js” file and add the next contents: 

import Moralis from ‘moralis’;
import { EvmChain } from ‘@moralisweb3/evm-utils’;

attempt {
const chain = EvmChain.ETHEREUM;

const tackle=”0x1234567890123456789012345678901234567890″;

await Moralis.begin({
apiKey: ‘YOUR_API_KEY’,
// …and some other configuration
});

const response = await Moralis.EvmApi.token.getTokenPrice({
tackle,
chain,
});

console.log(response?.consequence);
} catch (e) {
console.error(e);
}

Within the snippet above, there are three variables so that you can contemplate. By inspecting the code, you’ll discover that the ”chain” variable is about to ”EvmChain.ETHEREUM” by default. Consequently, that you must configure this variable if you’re seeking to question on-chain information from some other community. Second, add the token tackle to the ”tackle” variable. Lastly, to prime issues off, that you must change ”YOUR_API_KEY” with your personal Moralis API key. 

To get the important thing, that you must have an energetic Moralis account. As such, when you have not already, be part of Moralis proper now! With an account at hand, you will discover the important thing as you log in to the admin panel and click on on the ”Web3 APIs” tab: 

As soon as you’re carried out with the required code configurations, all that continues to be is operating this script. To take action, open a terminal, ”cd” into the undertaking’s root folder, and set up the Moralis dependencies with this command: 

npm i moralis @moralisweb3/common-evm-utils

Lastly, you will need to run the script. To take action, enter the next and hit enter: 

node index.js

In flip, you need to obtain a response in your console just like the one proven down beneath: 

{
“nativePrice”: {
“worth”: “6797848427”,
“decimals”: 18,
“identify”: “Ether”,
“image”: “ETH”
},
“usdPrice”: 0.000008253178821053,
“exchangeAddress”: “0x1f98431c8ad98523631ae4a59f267346ea31f984”,
“exchangeName”: “Uniswap v3”
}

One of many parameters within the response is the token’s value in USD. From right here, now you can simply use this information instantly in your Web3 initiatives! 

Utilizing Moralis’ Token Value API One Step Additional 

Now that you know the way Moralis’ Token Value API works and may use this interface to name the ”getTokenPrice” endpoint, you’ll be able to apply the identical elementary rules in your Web3 growth endeavors!

Nonetheless, if you’d like additional assist in doing so, or are on the lookout for inspiration to your subsequent undertaking, take a look at the video down beneath from the Moralis YouTube channel. On this clip, certainly one of our gifted software program engineers reveals you how one can create a simple utility using the Token Value API to fetch the worth of an ERC20 token based mostly on its tackle: 

As well as, if you’d like additional particulars on how the ”getTokenPrice” endpoint works, take a look at Moralis’ official get ERC20 token value documentation web page! 

The Greatest Token Value API – Abstract

With Moralis’ Token Value API, you’ll be able to question each the historic and present value of any ERC20 token. What’s extra, you are able to do so by means of a single API name. All that you must do is name the ”getTokenPrice” endpoint whereas passing the token tackle as a parameter: 

const response = await Moralis.EvmApi.token.getTokenPrice({
tackle,
});

On this article, we explored the intricacies of the Token Value API, together with masking the way it works. If in case you have adopted alongside till now, you know the way to create a NodeJS undertaking. Moreover, you know the way to implement the code wanted to question the worth of any ERC20 token! 

Should you discovered this tutorial instructive, take a look at further articles right here at Moralis’ Web3 weblog. For example, you will discover two comparable guides on how one can get wallets native crypto steadiness or get the steadiness of ERC20 tokens from any tackle. We are able to additionally advocate our article on the last word ERC20 token API! 

Furthermore, contemplate becoming a member of Moralis Academy instantly if you wish to grow to be a more adept Web3 developer. The academy provides superb blockchain programs for each new and skilled Web3 builders. For example, take a look at the course on trade fundamentals: ”Blockchain & Bitcoin 101”.

Nonetheless, you want an account if you wish to use the Moralis Token Value API. As such, take your time now to enroll with Moralis. Creating an account is free and solely takes a few seconds; you’ll not remorse it!