PlatypusFinance Exchange Trade Data

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PlatypusFinance API

Source type
Volume 24h
$ 362,096.051
Pairs available
Trades 24h
Exchange Information

What is PlatypusFinance?

PlatypusFinance is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It aims to provide users with a suite of financial products and services, including lending, borrowing, and yield farming. The platform was founded in 2021 by a team of anonymous developers. The name "PlatypusFinance" is derived from the unique nature of the platypus, representing the innovative and hybrid nature of the protocol.

What are the benefits of using PlatypusFinance?

PlatypusFinance offers several benefits compared to its direct competitors. One of the main advantages is its user-friendly interface, which makes it easy for users to navigate and execute their financial transactions. This simplicity sets it apart from its competitors, such as CryptoBank and CoinMoney.

Another benefit of PlatypusFinance is its robust security features. It incorporates advanced encryption algorithms and multi-factor authentication to ensure the safety of user funds and data. Additionally, PlatypusFinance employs cold storage for storing cryptocurrencies, minimizing the risk of hacking or unauthorized access.

When it comes to transaction speed, PlatypusFinance outperforms its competitors. Its advanced technology allows for fast and efficient processing, reducing waiting times for users. This is particularly crucial in the fast-paced world of cryptocurrencies, where time can significantly impact trading outcomes.

Moreover, PlatypusFinance boasts a wide range of supported cryptocurrencies. This diversity enables users to access and trade a variety of digital assets on one platform, eliminating the need for multiple exchanges.

Lastly, PlatypusFinance provides excellent customer support. Their responsive and knowledgeable team assists users with any queries or concerns promptly, ensuring a smooth user experience.

When comparing these benefits to its direct competitors, PlatypusFinance stands out for its user-friendly interface, enhanced security measures, fast transaction processing, diverse cryptocurrency options, and excellent customer support.

How does PlatypusFinance work?

PlatypusFinance is a decentralized finance (DeFi) platform built on the Ethereum blockchain. It operates as a yield optimizer, offering users opportunities to maximize their returns by automatically investing their crypto assets into different protocols across the DeFi ecosystem.

The underlying technology behind PlatypusFinance is a set of smart contracts that serve as the backbone of the platform. These smart contracts are deployed on the Ethereum blockchain, which provides a secure and immutable environment for executing transactions and storing user data.

PlatypusFinance functions by utilizing automated strategies to allocate users' funds to various decentralized protocols with the highest yield potential. It performs constant monitoring of different DeFi platforms to identify the ones offering the best returns. This process involves analyzing factors such as interest rates, liquidity, risks, and gas fees.

Once the optimal opportunities are identified, PlatypusFinance allocates users' funds accordingly, automatically moving assets between protocols to ensure the highest returns. This dynamic allocation strategy allows users to take advantage of the ever-changing DeFi landscape without the need for constant manual adjustments.

Additionally, PlatypusFinance employs a native governance token, PFT, which enables users to participate in the decision-making process for the platform's future development and upgrades. Holders of PFT tokens can vote on various proposals, further decentralizing the governance of the platform.

Overall, PlatypusFinance offers users a convenient and efficient way to participate in decentralized finance while optimizing their returns through automated yield farming strategies. The platform leverages the power of Ethereum's blockchain to provide a secure and transparent environment for users to grow their crypto assets.

How does DIA fetch PlatypusFinance trade data?

DIA employs a comprehensive approach to fetching trade data from various DeFi and NFT exchanges. The process varies depending on the type of exchange being referred to.

For centralized exchanges like Coinbase, Kraken, and Binance, DIA utilizes scrapers that directly collect trade data from the exchange databases. This is achieved using Rest APIs or WebSocket APIs. The frequency of data collection varies between 1 and 7 seconds, depending on the exchange. By retrieving data as close to the source as possible, DIA ensures high precision in its price feeds.

On the other hand, for decentralized exchanges, DIA sources data directly from the blockchain by subscribing to swap events in liquidity pools. This approach allows DIA to retrieve trading data directly from the blockchain itself, enhancing the accuracy of the data. Examples of decentralized exchange sources include Uniswap,, and PancakeSwap.

When it comes to NFT marketplaces, DIA captures live trading data by retrieving information from the integrated marketplace's smart contracts. The retrieval period for NFT data ranges from 20 seconds to 1 minute, ensuring coverage of real-time transactions. DIA does not rely on unreliable bids and offer data, which ensures data precision from the broader NFT market. Some notable NFT integrated exchange sources for DIA include Blur, X2Y2, OpenSea, and TofuNFT.

Overall, DIA's data management strategy, which includes leveraging WebSockets, decentralized node providers, and direct blockchain subscription, enables them to provide highly accurate and customizable price feeds for both DeFi and NFT exchanges.

How build oracles with PlatypusFinance data?

When building price feed oracles with PlatypusFinance trade data, DIA follows a specific process based on whether the exchange is related to DeFi or NFT.

For DeFi exchanges, DIA begins by cleaning the data and detecting outliers. This helps ensure that the price estimation process is resilient against trades that deviate significantly from the market price. Outliers can result from market manipulation, errors, or flash crashes. DIA applies an Interquartile Range (IR) filter to exclude trades that fall outside an acceptable range relative to the interquartile range. Only trades within the "middle" quartiles are considered for further processing.

Once the data is cleaned, DIA applies price determination methodologies to calculate the final price. One example is the Volume Weighted Average Price (VWAP), which considers the different volumes of trades. Trades from the queried time range are weighted by their volume and the weighted average price is calculated.

For NFT exchanges, the process is different. DIA determines the floor price of an NFT collection by processing on-chain trade data in two steps. Firstly, the data is cleansed to exclude outliers and manipulation techniques. Secondly, a pricing methodology is applied to determine the final price point.

The simplest methodology is the Floor Price, which provides the lowest sale price of an NFT collection recorded on the blockchain during a given time window. However, this methodology is susceptible to manipulation. To address this, DIA offers advanced methodologies such as the Moving Average of Floor Price, which returns the moving average of a collection's floor price. These methodologies can be customized with parameters like the length of the average or the size of the floor window.

In summary, DIA builds price oracles with PlatypusFinance trade data by cleaning the data, detecting outliers, and applying specific price determination methodologies depending on the type of exchange (DeFi or NFT). The goal is to provide accurate and reliable price data for cryptocurrencies, NFTs, and other assets.

How does DIA source price oracle data?

Instead of distributing pre-calculated data feeds, DIA covers the whole data journey from individual trade collection, and computation to the last mile of the feed delivery.

Granular trade data collection
DIA retrieves token and NFT tradign data from 100+ exchanges. This enables DIA to build the most precise and customizable price feed oracles.
Instant, direct sourcing
DIA utilizes RPCs and WebSockets to subscribe to swap events and gather trading data from both DEX liquidity pools and CEX databases, allowing for real-time data collection.
Learn more about data sourcing