Get Token Prices by Contracts

With the advancement of blockchain technology, numerous cryptocurrencies and tokens have emerged, making it crucial to check the market prices of each token in real-time. Today, I will introduce a useful tool that allows you to query the on-chain market prices of multiple tokens at once. This tool is provided by the Web3-based Nodit platform, and it is called the Get Token Prices by Contracts API.

Overview of the API

The Get Token Prices by Contracts API enables you to query the on-chain market prices of tokens issued by specific token contract addresses. You can check the prices of up to 100 contracts simultaneously, making it highly efficient.

How to Use the API

1. Request URL: The API is accessed via a specific web address, which includes parameters to define which blockchain and network you are querying.

2. Parameters:

• Protocol: This parameter specifies which blockchain protocol you are querying. The default is Ethereum, but other supported protocols can be found on the Supported Chains page of the Nodit platform.

• Network: This parameter specifies the network within the chosen protocol. The default is the main Ethereum network, but other networks are also supported, depending on the protocol.

• Contract Addresses: You provide a list of addresses for the token contracts you want to query. These addresses are unique identifiers for the tokens on the blockchain.

• Currency: You can specify the currency in which you want the token prices to be displayed. The API supports both USD and KRW, with USD being the default.

Important Considerations

Handling Errors

Sometimes, you might encounter a “429 error” when using the API. This error occurs if you exceed the limits of your current subscription plan. For example, the free plan allows for a certain number of requests per second. If you need to make more requests than the limit allows, you will see this error. In such cases, consider upgrading to a higher plan that accommodates more requests. Detailed information about these limits can be found on the Compute Unit Costs page of the Nodit platform.

Accuracy of Token Prices

The token prices provided by this API are based on data from CoinMarketCap, a well-known cryptocurrency market data provider. However, since the price information is updated periodically, there may be slight differences from real-time prices. For critical transactions, it’s advisable to double-check the prices.

Conclusion

The Get Token Prices by Contracts API is a powerful tool for efficiently checking the market prices of various tokens. It is particularly useful for users who need to obtain price information for multiple tokens quickly and easily. By using this API from the Nodit platform, you can enjoy more accurate and rapid access to blockchain data.

🔎About Nodit

Nodit is a platform aims to provide reliable node & consistent data infrastructure for scaling your dapps in multi-chain environment. The core technology of Nodit is a data pipeline that performs crawling, indexing, storing, and processing of blockchain data, along with a reliable node operation service. With processed blockchain data, developers can leverage on-chain and off-chain integration, advanced analytics and visualization, and even AI modeling to build exceptional Web3 products.

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