Dragon (DRGN) API and Price Oracle

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Dragon

DRGN
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x419c...A05E
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Dragon (DRGN)?

Dragon (DRGN) is a blockchain platform that aims to provide an ecosystem for developers to create and launch decentralized applications (dApps). It was founded in 2017 by Al Bawe and the team at DRAGONCHAIN Inc. The name "Dragon" originates from Dragonchain's use of the Dragon metaphor for security and uses the Disney blockchain protocol. DRGN tokens are used for various functionalities within the Dragonchain ecosystem.

How does Dragon work?

Dragon is a blockchain project that utilizes cutting-edge technology to enhance decentralized finance (DeFi) and enable privacy-focused transactions. Its underlying technology is based on the Ethereum blockchain, which allows for the secure and transparent execution of smart contracts.

Dragon’s functionality revolves around three main components: the privacy-oriented blockchain, the decentralized exchange (DEX), and the governance system. The privacy-oriented blockchain ensures that users' transactions and data are kept confidential by implementing advanced cryptographic techniques. This feature addresses the privacy concerns associated with traditional blockchains, making Dragon an attractive option for users seeking anonymity in their transactions.

The decentralized exchange (DEX) is an integral part of Dragon's ecosystem. It allows users to trade cryptocurrencies directly from their wallets, eliminating the need for intermediaries and enhancing security. The DEX is built on the Ethereum blockchain and leverages its smart contract functionality to execute trades in a decentralized and trustless manner.

To ensure the project's sustainability and the community's involvement, Dragon incorporates a governance system where users can participate in decision-making processes. This feature promotes transparency and decentralization in the project's development and ensures that the community has a say in its future direction.

Overall, Dragon combines the privacy-enhancing capabilities of its blockchain, the seamless trading experience through its DEX, and the active participation of its community through its governance system. This confluence of technology and community involvement sets Dragon apart in the rapidly evolving DeFi landscape.

What are the benefits of Dragon?

Dragon offers several benefits compared to its direct competitors.

Firstly, Dragon stands out for its robust security features. It implements advanced encryption protocols and decentralized storage mechanisms, making it highly resistant to hacking and data breaches. This is in contrast to its direct competitor, XYZ, which has faced several security vulnerabilities in the past.

Secondly, Dragon boasts a highly scalable and efficient blockchain network. Its innovative consensus algorithm allows for faster transaction processing and significantly reduces network congestion. This enables Dragon to handle a greater volume of transactions compared to its direct competitor, ABC, which often experiences delays and high fees during peak usage times.

Furthermore, Dragon promotes greater transparency and trust through its unique governance model. The platform utilizes a decentralized decision-making process, ensuring that all stakeholders have a voice in the platform's development and evolution. In contrast, DEF, another direct competitor, relies on a more centralized approach, which can lead to decision-making biases and potential conflicts of interest.

Lastly, Dragon aims to enhance interoperability within the blockchain ecosystem. It supports seamless integration with other blockchain networks, enabling the transfer of assets and data across different platforms. This interoperability is lacking in the direct competitor GHI, which operates as a closed system, limiting users' ability to leverage assets or engage with external networks.

In summary, Dragon offers strong security measures, scalability, transparent governance, and enhanced interoperability compared to its direct competitors. These factors contribute to its appeal to users seeking a reliable and efficient blockchain platform.

What is Dragon used for?

Dragon is a cryptocurrency designed for multiple use cases within the blockchain ecosystem. Common use cases of Dragon include facilitating secure and fast peer-to-peer transactions, powering decentralized applications (dApps), and providing incentives for network participants.

One specific case where Dragon is utilized is in the gaming industry. Blockchain technology has the potential to revolutionize the gaming experience by introducing concepts like true ownership of in-game assets and decentralized marketplaces. Dragon can be used as a means of exchange within these gaming ecosystems, enabling players to purchase virtual items, trade them with other players, and even earn rewards for their achievements.

By leveraging Dragon as the currency within gaming dApps, players can have full ownership and control over their virtual assets. This eliminates the risk of assets being lost or confiscated by centralized game developers. Additionally, Dragon enables trustless and transparent transactions, ensuring fairness and reducing the possibility of fraud.

Furthermore, Dragon's decentralized nature ensures that no single entity can manipulate the supply or value of the currency, making it a reliable means of exchange for gamers worldwide. The use of Dragon in gaming can potentially create new revenue streams for developers and players alike, as well as foster vibrant, player-driven economies.

In summary, Dragon serves as a versatile cryptocurrency within the blockchain ecosystem. While it has various use cases, its application in the gaming industry stands out as a compelling example, empowering players with true ownership of in-game assets and facilitating secure transactions in a decentralized environment.

What is DIA's Dragon API?

DIA's Dragon API is a powerful tool that provides real-time price feeds for crypto assets. These feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accuracy and reliability. With Dragon API, DIA offers both free and fully customizable feeds.

The free API endpoints provided by DIA are accessible for developers to test and come in a standardized format for easy integration. These publicly available endpoints serve as a valuable resource for informational purposes across the blockchain ecosystem. However, the true strength of DIA's API lies in its ability to create custom feeds.

DIA understands that different users may have unique requirements for their price data. To cater to these needs, DIA offers the option to build dedicated API price feeds. These custom feeds can be tailored in terms of sources, methodologies, and update mechanisms. Users can request a custom feed by reaching out to DIA via Discord or Telegram.

The importance and value of custom feeds cannot be overstated. They provide users with the flexibility to access price data specifically designed to meet their needs. This level of customization is particularly beneficial for various DeFi and NFTfi applications, such as derivatives, lending markets, stablecoin collateralization, NFT renting, and more.

In summary, DIA's Dragon API provides both free and custom API endpoints for accessing real-time price feeds. While the free feeds are useful for testing and informational purposes, the ability to request custom feeds tailored to individual requirements adds significant value and flexibility for users in the blockchain ecosystem.

What is DIA's Dragon price oracle?

DIA's Dragon price oracle is a powerful smart contract that offers real-time price feeds for various crypto assets. This oracle is integrated with over 35 layer 1 and layer 2 networks, allowing it to deploy price oracles on multiple blockchains. What sets DIA apart is its ability to construct these price feeds using raw data from more than 85 crypto and NFT exchanges, both on-chain and off-chain.

While DIA provides demo oracles for developers to test in its documentation, these are only meant for testing purposes and cannot be integrated into production applications. However, DIA offers the option for users to request custom configuration for their data feeds. This means that users can tailor the sources, methodologies, update mechanisms, and more according to their specific requirements.

To request a custom feed, users can reach out to DIA through Discord or Telegram. Custom oracles provide greater flexibility and usefulness for users who need specific price information for their applications.

DIA's price oracles have a wide range of use cases in the blockchain ecosystem. Some potential applications include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more in the DeFi space. Additionally, in the NFTfi realm, applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization can benefit from DIA's price information.

To understand the significance of DIA's oracle, it's important to grasp the concept of a blockchain oracle. A blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. DIA acts as such an oracle, delivering reliable and accurate price feeds to the blockchain ecosystem.

In conclusion, DIA's Dragon price oracle offers real-time price feeds for crypto assets across multiple blockchains. While demo oracles are available for testing, the ability to request custom configuration makes DIA's oracles more valuable for users. With a wide range of potential use cases in DeFi and NFTfi, DIA's price oracles play a crucial role in providing accurate data to smart contracts.

Why use DIA's DRGN API & price oracle?

The DIA's DRGN API and Price Oracle offer numerous benefits for users in the blockchain ecosystem. These technologies enable users to access accurate and reliable price data for cryptocurrencies and NFTs. One of the key advantages of using DIA's API and Price Oracle is the high level of customization available. Users have the flexibility to tailor each oracle and API endpoint according to their specific requirements. This includes configuring data sources, applying data cleaning filters and pricing methodologies, and determining update mechanisms and frequency. Such customization ensures robustness and resilience to unique market conditions, providing a tailored solution for every user.

Transparency is another significant benefit offered by DIA's API and Oracle feeds. These technologies provide full transparency throughout the entire data journey, allowing users to trace and monitor the data closely. DIA also offers various tracking and monitoring tools for its oracle and API feeds, enhancing transparency and accountability.

Overall, the DIA's DRGN API and Price Oracle empower users with accurate and customizable price data while ensuring transparency and integrity. These features are essential for decentralized applications and enable users to make informed decisions in the blockchain space.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.