The Best Token Price API in 2023 for Dapp Developers

The Token API from Moralis has three key features: 

• Token Balances – With Moralis’ Token API, you can seamlessly query all tokens users hold with a single API call. The interface features full historical support, and you can get a user’s balance at any block number. 

• Token Transfers – You can stay up to date with the most recent token transfers using the API. As such, with Moralis, you can see the transfer history of a wallet or a particular token and track them in real time.

• Token Prices – The Token API aggregates token prices from AMMs such as PancakeSwap and Uniswap, making them available in a single API call.  

In this tutorial, we’ll focus on the latter. As we do so, we’ll briefly show you how to get the price of any ERC20 token. Moreover, as we previously mentioned, you can get the price of any token through a single API call. That said, to acquire a token’s price, you need to call the ”getTokenPrice” endpoint. But what exactly is this endpoint, and how does it work? 

Moralis’ ”getTokenPrice” Endpoint 

The ”getTokenPrice” endpoint is the key for querying the price of any ERC20 token. As such, let us navigate to the get ERC20 token price documentation page and inspect the endpoint further: 

As the image above illustrates, you are only required to add an ”address” parameter to get the price. However, you can also specify other parameters such as the ”chain”, ”exchange”, and ”to_block”. So, let us break down what each parameter entails: 

• ”address” – Add the address of the token you want to get the price from.
• ”chain” – Specify the chain you want to query. If you exclude this parameter, the default option is the Ethereum network. 
• ”exchange” – Select a particular exchange using the factory name or address. 
• ”to_block” – Specify the block number to determine from which block the token price should be queried. 

Once you complete all the fields of your choice, you can try out the endpoint directly in the browser by clicking on ”Try It!”. In doing so, you will immediately receive a response in the ”RESPONSE” section. This allows you to see what to expect in your code:

You can additionally change the programming language at the top if you would like to know how the ”getTokenPrice” endpoint works using, for instance, Python: 

Nevertheless, that covers the essential parts of the ”getTokenPrice” endpoint. However, in the following section, we will show you how to use the Moralis Token Price API to call the endpoint with a practical example! 

How to Use Moralis’ Token Price API 

Now that you have familiarized yourself with Moralis’ Token Price API and the ”getTokenPrice” endpoint, this section briefly covers the intricacies of how this Moralis tool works in practice. As such, we will quickly show you how to create a NodeJS project enabling you to fetch the price of any ERC20 token based on its address! 

To begin with, open your integrated development environment (IDE) and set up a new NodeJS project. From there, create a new ”index.js” file and add the following contents: 

import Moralis  from 'moralis';
import { EvmChain } from '@moralisweb3/evm-utils';

try {
    const chain = EvmChain.ETHEREUM;

    const address="0x1234567890123456789012345678901234567890";

    await Moralis.start({
        apiKey: 'YOUR_API_KEY',
        // ...and any other configuration
    });

    const response = await Moralis.EvmApi.token.getTokenPrice({
        address,
        chain,
    });

    console.log(response?.result);
} catch (e) {
    console.error(e);
}

In the snippet above, there are three variables for you to consider. By inspecting the code, you will notice that the ”chain” variable is set to ”EvmChain.ETHEREUM” by default. Consequently, you need to configure this variable if you are looking to query on-chain data from any other network. Second, add the token address to the ”address” variable. Lastly, to top things off, you need to replace ”YOUR_API_KEY” with your own Moralis API key. 

To get the key, you need to have an active Moralis account. As such, if you have not already, join Moralis right now! With an account at hand, you can find the key as you log in to the admin panel and click on the ”Web3 APIs” tab: 

Once you are done with the necessary code configurations, all that remains is running this script. To do so, open a terminal, ”cd” into the project’s root folder, and install the Moralis dependencies with this command: 

npm i moralis @moralisweb3/common-evm-utils

Finally, you must run the script. To do so, input the following and hit enter: 

node index.js

In turn, you should receive a response in your console similar to the one shown down below: 

{
  "nativePrice": {
    "value": "6797848427",
    "decimals": 18,
    "name": "Ether",
    "symbol": "ETH"
  },
  "usdPrice": 0.000008253178821053,
  "exchangeAddress": "0x1f98431c8ad98523631ae4a59f267346ea31f984",
  "exchangeName": "Uniswap v3"
}

One of the parameters in the response is the token’s price in USD. From here, you can now easily use this data directly in your Web3 projects! 

Using Moralis’ Token Price API One Step Further 

Now that you know how Moralis’ Token Price API works and can use this interface to call the ”getTokenPrice” endpoint, you can apply the same fundamental principles in your Web3 development endeavors!

However, if you want further help in doing so, or are looking for inspiration for your next project, check out the video down below from the Moralis YouTube channel. In this clip, one of our talented software engineers shows you how to create a straightforward application utilizing the Token Price API to fetch the price of an ERC20 token based on its address: 

In addition, if you want further details on how the ”getTokenPrice” endpoint works, check out Moralis’ official get ERC20 token price documentation page! 

The Best Token Price API – Summary

With Moralis’ Token Price API, you can query both the historical and current price of any ERC20 token. What’s more, you can do so through a single API call. All you need to do is call the ”getTokenPrice” endpoint while passing the token address as a parameter: 

const response = await Moralis.EvmApi.token.getTokenPrice({
        address,
    });

In this article, we explored the intricacies of the Token Price API, along with covering how it works. If you have followed along until now, you know how to create a NodeJS project. Furthermore, you know how to implement the code needed to query the price of any ERC20 token! 

If you found this tutorial instructive, check out additional articles here at Moralis’ Web3 blog. For instance, you can find two similar guides on how to get wallets native crypto balance or get the balance of ERC20 tokens from any address. We can also recommend our article on the ultimate ERC20 token API! 

Moreover, consider joining Moralis Academy immediately if you want to become a more proficient Web3 developer. The academy supplies amazing blockchain courses for both new and experienced Web3 developers. For instance, check out the course on industry fundamentals: ”Blockchain & Bitcoin 101”.

Nevertheless, you need an account if you want to use the Moralis Token Price API. As such, take your time now to sign up with Moralis. Creating an account is free and only takes a couple of seconds; you will not regret it!