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Bancor announces the addition of real-time market data
Bancor announces the addition of real-time market data
Defi

Bancor announces the addition of real-time market data

By Alfredo de Candia - 29 Apr 2020

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Bancor, a protocol for providing liquidity to the various tokens and blockchains, has announced that it has created a portal for statistics and market data to monitor the overall performance of its tokens and the various pools:

The interface is quite minimalistic but allows the user to see that both liquidity and volumes have always grown over time, especially since the beginning of 2020. The same trend takes place for decentralized finance (DeFi), which has exceeded one billion dollars:

bancor data

The data shows which are the most converted crypto pools with their respective tokens. Obviously, Ethereum (ETH) is in the first place, followed by Enjin Coin (ENJ) and Basic Attention Token (BAT).

The whole project is open source so anyone can add or improve functions. Some of these contributions will be remunerated such as supporting wallets, introducing data on a dynamic and temporal basis, the various APRs and so on.

In addition, the same platform allows buying and selling assets and converting them with all the pools that there are, so there are no limits for the available tokens. The same is also true for the recent pBTC pTokens, obviously all on the Ethereum blockchain.

It should be remembered that the platform is still in beta, so there could be unexpected errors and it should be used with caution, so as not to lose funds in trades gone wrong, in fact, millions have already been lost due to attacks in this sector and other pools.

The major players in decentralized finance (DeFi) are moving and strongly marking a turning point with other projects and other protocols, for example, the perpetual contracts launched by dYdX and the various tokens pegged to Bitcoin (BTC) that allow this type of operations.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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