We stopped trusting exchange-reported volume and measured it ourselves
Every crypto price you have ever looked at is a summary of trades that happened somewhere. Most sites that show you that price do not look at the trades. They call each exchange's ticker endpoint, take the 24h volume the exchange reports about itself, and weight by it. We built Coinmico to do the opposite: connect to the public trade stream of every venue we list, record each print (price, size,…
Instead of relying on the volume figures provided by exchanges, Coinmico has taken a different approach to determine market prices and liquidity. By directly connecting to the public trade streams of each exchange, the platform records each trade (price, size, side, timestamp) and computes its own volume and liquidity figures. The process is continuous and runs on a single VPS, collecting data from 58 exchanges and 21 chains.
After collecting the data, Coinmico vets it by re-measuring each market against the assets on other markets, excluding stale prints and outliers. The venue windows are volume-weighted, and the cross-venue median is used to remove any remaining outliers, settling the index every two seconds with a venue count and a confidence score.
This approach provides a more accurate representation of where price is formed, as raw volume volume is not a reliable measure of where price is formed. The platform's methodology is detailed on their website, and they welcome collaboration from those working on market data or interested in connecting to new venues.
Written by urgent.news from Dev.to's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
