Stellaswap Exchange Trade Data

Stellaswap API Logo

Stellaswap API

Information
Network
Moonbeam
Source type
DEX
Volume 24h
$ 41,980.074
Pairs available
381
Trades 24h
192
Exchange Information

What is Stellaswap?

Stellaswap is a decentralized exchange (DEX) built on the Stellar blockchain. Its purpose is to facilitate the trading of digital assets in a secure and efficient manner. It was founded by the Stellar Development Foundation in 2021. The name "Stellaswap" derives from the combination of "Stellar" and "swap." Key facts include its use of automated market making algorithms and its integration with the Stellar network.

What are the benefits of using Stellaswap?

Stellaswap is a decentralized exchange (DEX) built on the Stellar blockchain, offering several benefits compared to its direct competitors. One of the key advantages is its low transaction fees. Unlike traditional centralized exchanges, Stellaswap operates on the Stellar network, which boasts extremely low fees, making it cost-effective for users to trade their assets.

Another benefit of Stellaswap is its fast transaction speeds. Stellar is known for its ability to process transactions quickly, allowing users to execute trades in a timely manner without experiencing significant delays.

Stellaswap also offers a high level of security. As a decentralized exchange, it is less vulnerable to hacking or security breaches compared to centralized exchanges. Additionally, the use of smart contracts on the Stellar blockchain ensures that transactions are executed according to predefined rules, enhancing security and reducing the potential for fraud.

Furthermore, Stellaswap provides a user-friendly interface and a seamless trading experience. It is designed to be accessible for both experienced traders and newcomers to the cryptocurrency space, allowing them to easily navigate the platform and execute trades with confidence.

In comparison to its direct competitors, Stellaswap stands out with its low fees, fast transaction speeds, high security, and user-friendly interface. These advantages make it an attractive option for individuals looking to trade digital assets on the Stellar blockchain. However, it is important to conduct thorough research and consider individual trading needs before choosing a specific platform.

How does Stellaswap work?

Stellaswap is a decentralized exchange (DEX) that operates on the Stellar blockchain. It leverages the technology of smart contracts to enable users to trade digital assets directly with each other.

The underlying technology behind Stellaswap is the Stellar blockchain, which is a distributed ledger that enables fast and low-cost transactions. It uses a consensus algorithm called the Stellar Consensus Protocol (SCP) to validate and agree upon the state of the network. This makes Stellaswap highly efficient and secure.

When a user wants to trade on Stellaswap, they need to connect their wallet to the platform. Stellaswap does not hold custody of the user's assets, ensuring that users have full control over their funds. The platform supports a variety of assets, including cryptocurrencies, stablecoins, and tokens issued on the Stellar blockchain.

Trades on Stellaswap are executed through smart contracts. These smart contracts automatically execute trades based on predefined terms set by the users. Stellaswap uses order books to match buy and sell orders, ensuring efficient price discovery and liquidity.

One of the unique features of Stellaswap is its integration with the Stellar decentralized exchange (SDEX). This allows users to access a larger pool of liquidity from the wider Stellar ecosystem.

Overall, Stellaswap provides a user-friendly and decentralized solution for trading digital assets on the Stellar blockchain. Its smart contract-based trading system and integration with SDEX make it an efficient and secure platform for decentralized trading.

How does DIA fetch Stellaswap trade data?

DIA employs a comprehensive approach to fetching trade data from both 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 trades from the exchange databases. This is accomplished using Rest APIs or WebSocket APIs. The frequency of data collection varies from exchange to exchange, typically ranging from 1 to 7 seconds. By retrieving the data as close to the source as possible, DIA ensures a high level of precision.

In the case of decentralized exchanges (DEXs), DIA collects data from various blockchains by subscribing to swap events in liquidity pools. This allows DIA to retrieve trading data directly from the blockchain, enhancing the accuracy of the data. Examples of decentralized exchange sources include Uniswap, curve.finance, and PancakeSwap.

When it comes to NFT marketplaces, DIA captures live trading data through its integration with the smart contracts of the marketplaces. The retrieval period for NFT data ranges from 20 seconds to 1 minute, enabling DIA to cover all NFT transactions happening in real-time. This approach ensures that DIA provides accurate information from the broader NFT market, without relying on unreliable bids and offer data. Prominent NFT integrated exchange sources include Blur, X2Y2, OpenSea, and TofuNFT.

By employing this comprehensive data management strategy, DIA is able to provide highly accurate and customizable price feeds across various types of exchanges.

How build oracles with Stellaswap data?

DIA utilizes a specific process to compute trade data from Stellaswap in order to build price feed oracles. The approach varies depending on whether we are referring to a decentralized finance (DeFi) or non-fungible token (NFT) exchange.

For DeFi exchanges, DIA employs a two-step process. The first step involves data cleaning and outlier detection. This is crucial to ensure that trades with prices significantly deviating from the current market price are excluded. Outliers can arise from market manipulation, errors, or flash crashes. DIA implements an Interquartile Range (IR) filter to detect and remove outliers. Trades falling outside the acceptable range relative to the interquartile range are filtered out, while those falling within the "middle" quartiles proceed to further processing.

The second step in the process entails the application of price determination methodologies. DIA employs trade-based filters to calculate a single USD price value for each asset. One example is the Volume Weighted Average Price (VWAP), which takes into account the volumes of trades. Another example is the Moving Average with Interquartile Range Filter (MAIR), where trades are ordered by timestamp and weighted against volume.

In the case of NFT collections, the process differs. DIA determines the floor price by processing on-chain trade data in two steps. Firstly, the data undergoes cleansing filters to exclude market outliers and manipulation techniques. Secondly, a pricing methodology is applied to determine the final price point. The simplest method is the Floor Price, which provides the lowest sale price recorded on the blockchain within a given time window. DIA also offers advanced methodologies, such as the Moving Average of Floor Price, which calculates the moving average of a collection's floor price.

It is worth noting that manipulations, such as wash trading and floor sweeping, can impact NFT floor prices. DIA incorporates filtering mechanisms, such as the Interquartile Range outlier detection filter, to produce more reliable and representative prices. Additionally, DIA is open to discussing custom filters and methodologies to cater to 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