DEX Token Prices Hourly

Hourly token prices derived from DEX trades.

DEX Token Prices

Thedex_token_prices_hourly contains hourly price data of tokens derived from swaps performed on decentralized exchanges.

Chains Supported

• arbitrum, avalanche, base, blast, bsc, celo, ethereum, optimism, polygon, solana, worldchain, zksync, zora

Methodology

To ensure accuracy in our token price calculations, we only include swaps with a value exceeding 1 USD. We employ a volume-weighted approach to determine token prices.

For a given token, the total USD swap volume (encompassing both sold and bought volumes) is divided by the total volume of the token swapped in DEX trades.

For example. if Token A has a swap volume of 200,000 USD and the total volume of Token A swapped is 18,000 units within a given hour, the price is calculated as follows:

Here, the calculated price is 11.111 USD, with a USD trading volume of 200,000.

Limitations

Decentralized exchanges (DEXs) derived token prices face several key limitations in price reliability.

Low liquidity for certain tokens can lead to significant price volatility and slippage during trades. Market manipulation through practices like wash trading and arbitrage can artificially influence token prices, resulting in misleading data.

To address these concerns, our DEX token prices table incorporates trade count and volume metrics, enabling users to filter out potentially unreliable price information.

Table Columns

Unique Key: unique_id

Column Name	Description	Example
chain	Blockchain.	ethereum
timestamp	Hourly timestamp of the token price.	2024-03-27 21:00:00
address	The contract address of the token	0x62b9c7356a2dc64a1969e19c23e4f579f9810aa7
symbol	Token symbol of the currency traded.	cvxCRV
name	Token name.	Convex CRV
price	USD Price of the token calculated.	0.6145106101
median_price	Median price of the token.	0.6145106101
median_safe_price	Median price of token calculated by only including swaps > 100 usd.	0.6145106101
is_imputed	Whether the price data is imputed: true or false. Note that there will be not imputation performed	FALSE
usd_trading_volume	USD volume of the trade to calculate the price data.	421.2072
traders	Number of distinct traders that swapped the token for the hour by counting distinct transaction_from_address.	1
trade_count	Number of swaps use to compute the dex token prices.	1
unique_id	Unique ID attached to the derived price data.	timestamp-2024-03-27 21:00:00.000_address-0x62b9c7356a2dc64a1969e19c23e4f579f9810aa7_chain-ethereum
_created_at	Timestamp of entry creation.	2024-03-27 22:30:46
_updated_at	Timestamp of entry update.	2024-03-28 04:28:38