Introducing the CoinMarketCap Oracle

CoinMarketCap is the world’s most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions. CoinMarketCap (CMC), founded in 2013, quickly became the biggest data aggregator in the market by providing fundamental data and analysis of the crypto market. Ever since, CMC has come to rank consistently among the entire internet’s top 1000 in terms of engagement, according to Alexa and is commonly cited by major news outlets.

In April 2020, CoinMarketCap was acquired by Binance Capital Mgmt. Binance is the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, which shares the common vision of making crypto accessible and systemically important to people all around the world.

CMC’s digital asset market data is currently accessible via an API and will as of now be accessible via the DIA platform as an oracle. With this move, CMC will have another gateway to provide data feeds to smart contracts. This will give DeFi dApps like DeFi management dashboards, lending protocols, insurances and more all across the board access to trusted data from the world’s prime crypto data hub.

DIA will initially provide the top 50 crypto assets and the top 25 DeFi assets. In its standard format. DIA provides the option to customise the setup by increasing the data frequency as well as the breadth and depth of asset data as required by any specific use case.

CMC’s data oracle can be easily accessed: Simply visit the DIA documentation. Here you will find a guide for implementation and you can also directly view the smart contract there.