DefiLlama Launches Token Price API, Aiming To Price More Tokens That Are Not Directly Traded

On-chain data analysis website DefiLlama has launched a token price API, which is now online and fully open. The API aims to price as many tokens as possible, including exotic tokens that are not directly traded and cannot be priced through the market. The API works in the following way: 1. Get the price from CoinGecko as a basis. 2. Find and price all bridge assets as original assets. 3. Pricing various LPs through the underlying layer. 4. For missing tokens, use Uniswap, Curve, and Serum’s DEX markets to price them. It provides a confidence score based on the liquidity of each market, and APl consumers can choose to filter out prices with low confidence scores.