Exciting news as crypto data aggregator platform CoinGecko formalizes its partnership with cross-chain data oracle platform Band Protocol.
According to reports, CoinGecko will provide crypto data support for Band Protocol’s recently launched Band Standard Dataset. Currently, over 20 DeFi protocols have integrated Band Protocol’s Band Standard Dataset. Some of these DeFi protocols can be found on blockchain platforms like Ethereum, Binance Smart Chain, Elrond, ICON, Nervos, etc.
According to an official blog post, CoinGecko will provide the oracle platform with top-notch, accurate, and reliable price feeds. The data aggregator platform is a well-known name in the crypto space. The recent exponential growth being recorded by the cryptocurrency space further shows the need for CoinGecko’s analytical evaluation. These evaluations are centered around market capitalization, price, trading volume, on-chain metrics, and others. Its service is also currently employed by top crypto players like MetaMask, Trust Wallet, Trezor, etc.
Speaking on the partnership, CoinGecko COO Bobby Ong disclosed that the data aggregator firm was elated by the partnership with Band Protocol. He further added, “CoinGecko has been a proud supporter of Band Protocol since its very first iteration in 2019.”
Coingecko – A Major Player in BandChain Phase 2 Launch
Apart from providing data support for the Band Standard Dataset, CoinGecko will also serve as a crucial partner in Band Protocol’s proposed BandChain Phase 2 launch. Subsequently, providing data providers with more profit-generating options.
In line with its proposed BandChain Phase 2 launch, Band Protocol has garnered support from several top players in the crypto space like Brave New Coin (BNC). CoinGecko joins this fast-growing list of institutional-grade data providers supporting the proposed BandChain Phase 2 launch.
Co-founder of Band Protocol, Soravis Srinawakoon, also confirmed the strategic partnership announcement. According to him, Band Protocol is excited about enlisting support from CoinGecko. He stressed that the oracle platform looks forward to working with CoinGecko to build its BandChain Phase 2 as well as “seamlessly commercialize their solutions for blockchain developers.”
According to the blog post, the partnership will also provide Band Protocol with better security, ensuring values locked on its mainnet are secure at all times.
About CoinGecko and Band Protocol
Standing as one of the world’s oldest data aggregator platforms, CoinGecko has created a name synonymous with trust itself. Since its launch, the platform has been known to provide a robust and accurate comprehensive view of the market. It currently boasts of tracking over 6,000 cryptos from about 400 exchanges.
Band Protocol, on the other hand, is a well-known cross-chain data oracle platform. It has garnered a great reputation for its top-notch strategic partnerships and its aim to connect off-chain data with smart contracts.
At the time of publication, BAND was trading at $7.95, with a market cap of $179,466,861 and a 24-hour trading volume of $185,917,023.
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