LunarCrush launches new API to aggregate data on over 4,000 cryptoassets
Crypto-focused social analytics company LunarCrush launched its new API that collects and organizes social media data on more than 4,000 cryptoassets, over 300 NFT collections and multiple exchanges, influencers and LunarCrush user opinions.
The company announced the launch of its new API on its official medium account. Citing an estimate from Vantage Market Research, the announcement said the financial automation market is expected to be worth around $19.8 billion by 2028. Considering the rate of growth, the announcement said the new API aims to:
“provide a robust, streamlined delivery system designed to support investment, trading, research and modeling automation on top of LunarCrush datasets.”
In addition to supporting automation, the LunarCrush team also said they wanted the new API to be easy and cheap to work with to support flexible and scalable use cases from all market segments.
The announcement post includes a detailed ‘getting started’ section to help developers understand the API. The LunarCrush team also decided on a pay-as-you-go model, starting at $1 per day, to make the API more accessible.
LunarCrush
The company monitors social media platforms to capture crypto-related data in real time. After the collected data is filtered through spam detection, it is analyzed to help users understand the movement of social media accounts.
The company believes in the importance of market intelligence and democratization of data to help the cryptosphere flourish. LunarCrush hopes that investors and developers can recognize meaningful relationships across data points and add more detail to their analytics with its social analytics tools to make optimized decisions that deliver real value.
LunarCrush’s other services
Since the end of 2021, LunarCrush has announced the launch of a new feature every few months. In December 2021, the company launched its “Opinions” feature, which rewarded LunarCrush users with Lunr tokens for each meaningful opinion they posted. By motivating user comments, the company can increase the amount of data to be analyzed.
A few months later, in April 2022, LunarCrush announced the launch of its DeFi protocol called LunrFi. The new protocol allowed users to stake the company’s original token, Lunr, to earn up to 25% per month.
