Solarbeam Exchange Trade Data

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Solarbeam API

Information
Network
Moonriver
Source type
DEX
Volume 24h
$ 370,858.991
Pairs available
729
Trades 24h
457
Exchange Information

What is Solarbeam?

Solarbeam is a cross-chain routing protocol designed to optimize trades and liquidity across various decentralized exchanges. Founded in 2021 by an anonymous team, Solarbeam aims to provide users with the best possible prices for their cryptocurrency trades. Its name is derived from the concept of harnessing the energy of the sun to power transactions on the blockchain. Key features include low fees, fast transaction speed, and compatibility with multiple blockchain networks.

What are the benefits of using Solarbeam?

Solarbeam offers several benefits that make it a competitive choice compared to its direct competitors.

One of the key advantages of using Solarbeam is its high level of efficiency. The platform utilizes advanced algorithms and cutting-edge technology to optimize solar energy production. This results in higher energy output and ultimately leads to lower electricity costs for users.

Another benefit of Solarbeam is its user-friendly interface and intuitive design. The platform is easy to navigate and provides users with a seamless experience. This makes it accessible to a wide range of users, regardless of their technical expertise.

In addition, Solarbeam offers robust security measures to protect user data and assets. The platform implements advanced encryption techniques and multi-factor authentication to ensure the safety of user information. This instills confidence in users and establishes Solarbeam as a reliable and secure platform.

Furthermore, Solarbeam stands out with its comprehensive customer support. The platform provides prompt and efficient assistance to users, addressing any concerns or issues they may encounter. This level of support sets Solarbeam apart from its competitors and enhances the overall user experience.

Overall, Solarbeam's high efficiency, user-friendly interface, strong security measures, and excellent customer support make it a compelling choice compared to its direct competitors. By leveraging these benefits, users can maximize their solar energy production and enjoy a seamless and secure experience on the platform.

How does Solarbeam work?

Solarbeam is a decentralized cryptocurrency exchange that utilizes the technology of Automated Market Making (AMM) to enable users to trade various tokens. It operates on the Binance Smart Chain (BSC) blockchain, making use of its fast transaction speed and low fees.

At its core, Solarbeam functions as a liquidity pool that uses smart contracts to automate the trading process. Instead of relying on a traditional order book, Solarbeam allows users to trade against a pool of funds. This pool consists of various tokens and is governed by an algorithm that determines the price based on the ratio of tokens in the pool.

When a user wants to make a trade, they simply deposit their desired token into the pool and receive its equivalent value in another token. This is done automatically by the smart contract, which calculates the trade based on the current price ratio. The trade is executed instantly, as long as the liquidity is available in the pool.

Solarbeam incentivizes liquidity providers by offering them rewards in the form of trading fees. These fees are collected from each transaction and distributed proportionally to those who contribute liquidity to the pool. This mechanism ensures a continuous and stable liquidity supply for the exchange.

Overall, Solarbeam leverages the power of AMM on the Binance Smart Chain to provide a seamless and efficient trading experience for users. Its decentralized nature ensures transparency and security, while the automated trading process eliminates the need for intermediaries and reduces costs.

How does DIA fetch Solarbeam trade data?

DIA adopts a comprehensive approach to fetch trade data from various DeFi and NFT exchanges. The method varies depending on the type of exchange.

For centralized exchanges like Coinbase, Kraken, and Binance, DIA utilizes scrapers that directly collect trade data from the exchange databases. This is achieved by leveraging Rest APIs or WebSocket APIs. Frequencies of data collection range from 1 to 7 seconds, depending on the exchange. By retrieving the data as close to the source as possible, DIA ensures high precision and reliable information.

On the other hand, decentralized exchanges (DEXs) require a different approach. DIA collects data from various blockchains by subscribing to swap events in liquidity pools. This enables DIA to directly retrieve trading data from the blockchain itself, guaranteeing accurate and decentralized information. Examples of decentralized exchange sources include Uniswap, curve.finance, and PancakeSwap.

When it comes to NFT marketplaces, DIA captures live trading data by retrieving information from the integrated marketplaces' smart contracts. The retrieval period typically ranges from 20 seconds to 1 minute, allowing DIA to cover all NFT transactions happening in real-time. By avoiding reliance on unreliable bids and offer data, DIA ensures precision and a comprehensive view of the broader NFT market. Notable NFT integrated exchange sources include Blur, X2Y2, OpenSea, and TofuNFT.

DIA's data management strategy aims to provide highly accurate and customizable price feeds by sourcing granular trade data from a wide range of exchanges, both centralized and decentralized. By leveraging various technologies and approaches, DIA ensures reliable data for blockchain-based applications and smart contracts.

How build oracles with Solarbeam data?

DIA uses Solarbeam trade data to build price feed oracles for both DeFi exchanges and NFT collections. The process differs depending on the type of exchange.

For DeFi exchanges, DIA follows a two-step process. The first step involves data cleaning and outlier detection. This is important to ensure that trade data used for price estimation is not influenced by irregularities such as market manipulation or flash crashes. DIA applies an Interquartile Range (IR) filter to exclude data points and sets that lie outside an acceptable range relative to the interquartile range. By doing this, only trades falling into the "middle" quartiles move forward for further processing.

The second step is the price determination methodology application. DIA uses trade-based price determination methodologies to calculate a single USD price value for each asset. One example is the Volume Weighted Average Price (VWAP) methodology, which considers the different volumes of trades. Another example is the Moving Average with Interquartile Range Filter (MAIR) methodology, which creates blocks of trades ordered by timestamp and calculates a weighted average price.

For NFT collections, the process is different. DIA determines the floor price by processing the on-chain trade data in two steps. First, the data is cleansed using filters to exclude outliers and market manipulation techniques. Then, a pricing methodology is applied to determine the final price point. DIA offers methodologies such as the Floor Price, which provides the lowest sale price recorded on the blockchain, and the Moving Average of Floor Price, which calculates the moving average of the floor price.

It is important to note that floor prices can be manipulated by malicious market actors through techniques like wash trading and sweeping the floor. DIA implements measures, such as the IR outlier detection filter, to address these manipulations and provide more realistic and reliable NFT floor prices.

DIA also offers the flexibility to discuss custom filters and methodologies to meet specific use cases.

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