Crypto-Focused Social Analytics Firm LunarCrush launch A new API that collects and organizes social media data on over 4,000 crypto assets, over 300 NFT collections, several exchanges, influencers and LunarCrush user opinions.
The company announced the launch of a new API on its official medium account.publication Quote The financial automation market is expected to be worth approximately $19.8 billion by 2028, according to estimates by Vantage Market Research. Given that growth rate, the goals of the new API are to:
“We provide a robust and streamlined delivery system designed to support automation of investing, trading, research and modeling on LunarCrush datasets.”
In addition to supporting automation, the LunarCrush team said they wanted the new API to be simple and cheap to use to support flexible and scalable use cases for all market segments.
The announcement post includes a detailed “Getting Started” section to help developers familiarize themselves with 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.
The company monitors social media platforms for real-time crypto-related data. The collected data is filtered by spam detection and then analyzed to help users understand the behavior of their social media accounts.
The company believes in the importance of market intelligence and democratizing data to help the crypto space thrive. LunarCrush helps investors and developers recognize meaningful relationships between data points and social They want to be able to use analytics tools to add more detail to their analysis and make optimized decisions that deliver real value.
Other LunarCrush Services
Starting at the end of 2021, LunarCrush will be announcing new feature releases every few months. In December 2021, the company launched an “Opinions” feature, offering Lunar tokens for each meaningful opinion posted by LunarCrush users. By motivating user comments, the company was able to increase the amount of data it analyzes.
A few months later, in April 2022, LunarCrush announced the launch of a DeFi protocol called LunrFi. The new protocol allowed users to stake the company’s native token, Lunr, and earn yields of up to 25% per month.