Wanchain (WAN) API and Price Oracle

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Wanchain

WAN
$
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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0x0000...0000
Network
Blockchain network where the asset is deployed
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Wanchain
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 Wanchain (WAN)?

Wanchain (WAN) is a blockchain platform that aims to connect different isolated blockchain networks to enable interoperability and facilitate the transfer of assets and data. It was founded in 2017 by Jack Lu and is maintained by Wanchain Foundation. The name "Wanchain" is derived from the Chinese word "Wan" which means 10,000, symbolizing the ambition to connect multiple blockchains. Key features include cross-chain asset transfers, privacy protection, and decentralized finance (DeFi) integration.

How does Wanchain work?

Wanchain is a blockchain platform that aims to connect different blockchains and enable interoperability between them. It utilizes a combination of cryptographic techniques, smart contracts, and cross-chain transaction protocols to achieve its goal.

The underlying technology behind Wanchain is based on Ethereum, which serves as the main blockchain for the platform. Ethereum's solidity smart contracts are used to implement Wanchain's cross-chain functionality and to ensure the security and transparency of transactions.

Wanchain operates using a unique protocol known as the Storeman framework. The Storeman framework involves a decentralized network of specialized nodes called Storemen. These Storemen facilitate the secure transfer of assets between different blockchains by acting as intermediaries. They hold the original assets on one blockchain while issuing corresponding wrapped tokens on the Wanchain blockchain.

To initiate a cross-chain transaction on Wanchain, the user locks their assets on the original blockchain and generates a corresponding wrapped token on the Wanchain blockchain. The Storeman on the original blockchain then confirms the lock and mints the wrapped tokens. These wrapped tokens can then be freely traded and transferred on the Wanchain blockchain.

Wanchain also incorporates privacy features, allowing users to conduct confidential transactions. By utilizing ring signatures and one-time addresses, Wanchain ensures that transaction details are obscured while still maintaining transparency and traceability.

Overall, Wanchain provides a solution for connecting different blockchains, enabling better interoperability, and facilitating cross-chain transactions. It utilizes Ethereum as its main blockchain and employs the Storeman framework and privacy features to achieve its objectives.

What are the benefits of Wanchain?

Wanchain is a blockchain platform that offers several benefits compared to its direct competitors. One of the key advantages of Wanchain is its ability to enable interoperability between different blockchain networks. This means that Wanchain can connect with other blockchains, allowing for the seamless transfer of assets and data across different platforms. This interoperability feature sets Wanchain apart from its direct competitors.

Another benefit of Wanchain is its focus on privacy. The platform implements privacy protection measures such as ring signature and one-time address generation, which help to safeguard user privacy and protect sensitive information. This emphasis on privacy is a distinguishing feature of Wanchain compared to its competitors.

Wanchain also offers support for smart contracts, which allows for the development and execution of decentralized applications (dApps) on its platform. This gives developers the flexibility to build and deploy various applications and services on the Wanchain network.

Furthermore, Wanchain has its own native cryptocurrency called WAN, which plays a crucial role in the ecosystem. WAN can be used for staking, delegating, and participating in the platform's governance. This provides users with additional incentives and opportunities to engage with the network.

In summary, Wanchain offers benefits such as interoperability with other blockchains, enhanced privacy features, support for smart contracts, and a native cryptocurrency. These features distinguish Wanchain from its direct competitors and make it an attractive blockchain platform for users and developers seeking these capabilities.

What is Wanchain used for?

Wanchain is a blockchain platform that aims to connect various isolated blockchain networks. Its main purpose is to enable interoperability and facilitate the transfer of assets and information between different blockchains.

One common use case for Wanchain is cross-chain asset transfers. By bridging multiple blockchains, Wanchain allows users to transfer digital assets, such as cryptocurrencies or tokens, from one blockchain to another. This enables seamless cross-chain transactions, making it easier for users to access and utilize assets across different blockchain networks.

Another important use case of Wanchain is decentralized finance (DeFi). Wanchain allows users to create and manage decentralized financial applications, such as lending platforms, decentralized exchanges, and stablecoin systems. By leveraging Wanchain's interoperability feature, developers can integrate different blockchain networks and access a wider range of liquidity and assets, enhancing the functionality and efficiency of their DeFi applications.

A specific case where Wanchain excels is in the area of cross-chain privacy. Wanchain uses ring signatures, one-time addresses, and stealth addresses to provide anonymous and confidential transactions across different blockchains. This ensures that sensitive financial information remains private and secure, while still enabling seamless transfer of assets between blockchains. This feature is particularly beneficial for users who prioritize privacy and anonymity in their transactions within the blockchain ecosystem. Overall, Wanchain offers a powerful solution for connecting blockchain networks, facilitating cross-chain asset transfers, and enhancing the privacy and functionality of decentralized applications.

What is DIA's Wanchain API?

DIA's Wanchain API is one of the API endpoints offered by DIA that provides real-time price feeds for cryptocurrencies. These price feeds are constructed using raw data sourced from over 85 on-chain and off-chain cryptocurrency and NFT exchanges. DIA's ability to gather data from a wide range of sources sets them apart from other web3 data providers.

While DIA offers free API endpoints for developers to test, they also provide fully customizable custom feeds. The free API endpoints can be found on the asset's detail page in the DIA App. These endpoints are available in a standardized format and are meant for informational purposes and testing. However, the real value lies in DIA's custom feed service.

DIA offers the option to create dedicated API price feeds tailored to the user's specific needs. These custom feeds can be customized in terms of sources, methodologies, update mechanisms, and more. This level of customization allows users to have more control over their data and better meet their requirements. To request a custom feed, users can get in touch with DIA via Discord or Telegram.

DIA's API has a wide range of use cases within the blockchain ecosystem. In the DeFi space, the price information from DIA's API can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. For NFTfi applications, DIA's API can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other use cases.

In summary, DIA's Wanchain API provides developers with real-time price feeds for cryptocurrencies. While free API endpoints are available for testing purposes, the true value lies in DIA's customizable custom feeds, which can be tailored to meet specific requirements. With a wide range of use cases in DeFi and NFTfi applications, DIA's API offers a valuable resource for blockchain developers.

What is DIA's Wanchain price oracle?

DIA's Wanchain price oracle is a smart contract that offers real-time price feeds for various crypto assets. DIA stands out by providing integration with over 35 layer 1 and layer 2 networks, enabling the deployment of price oracles in multiple blockchains. These price feeds are constructed using raw data from more than 85 on-chain and off-chain exchanges, covering billions of individual trades.

While DIA offers demo oracles for testing purposes, they cannot be used in production applications. However, users can request custom configuration for a dedicated price feed oracle. These custom oracles can be tailored according to specific requirements such as sources, methodologies, and update mechanisms. To request a custom feed, users can get in touch with DIA through Discord or Telegram.

DIA's price oracles have various use cases within the blockchain ecosystem. In the DeFi space, they can be utilized in derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi sector, DIA's price oracles can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

In simple terms, a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. DIA's custom oracles offer users the flexibility and specificity they need to integrate accurate and reliable price data into their blockchain applications. For more information and access to DIA's demo oracles, developers can refer to DIA's documentation.

Why use DIA's WAN API & price oracle?

DIA's WAN API and WAN Price Oracle offer a wide range of benefits for users in the blockchain ecosystem. With these tools, users can access accurate and reliable price data for cryptocurrencies and NFTs. One major advantage of using DIA's API or Price Oracle is the high level of customization available. Users can tailor each oracle and API endpoint to suit the specific needs of their decentralized applications. This includes configuring data sources, cleaning filters, pricing methodologies, and update mechanisms. This customization ensures that the data and oracle remain robust and resilient to market conditions, providing both global and specific individual or cross-chain market prices.

Transparency is another key benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency throughout the entire data journey. Users can track and monitor the oracle and API feeds using various tools provided by DIA. This transparency helps to build trust and confidence in the data being provided.

Overall, DIA's WAN API and WAN Price Oracle offer users the ability to access accurate and customizable price data for cryptocurrencies and NFTs. With the added benefits of transparency and robustness, DIA's technology brings a valuable solution to the blockchain ecosystem.

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.