Acquiring Address-owned ERC-20 Tokens
Finding the balances of ERC-20 tokens in a wallet is easy, as they are automatically displayed when the wallet is opened. When someone needs to check the balances of ERC-20 tokens in another address, direct access to the wallet is not possible. In such cases, an application programming interface (API) can be used to retrieve the token balances. This article explores how Chainbase, Alchemy, and Moralis APIs can be utilized to obtain information about ERC-20 tokens owned by an address.
Chainbase is a Web3 blockchain interaction layer infrastructure that offers API services to enable developers to access and utilize blockchain networks efficiently. To use Chainbase, users need to create an account on the platform, obtain an API key, and have an integrated development environment and a wallet address. The step-by-step guide to using Chainbase involves creating an account, logging in, initiating a new project, and obtaining an API key. After that, users can use the Chainbase API to retrieve ERC-20 token balances by making an API call using JavaScript. The example provided demonstrates how to fetch the first five ERC-20 token balances of a wallet on the Ethereum mainnet.
Alchemy is another platform that offers APIs for reading and writing to the blockchain, providing developers with the desired information. To use Alchemy, users need to install Node and the Node Package Manager (NPM) on their local machine. After signing up for an Alchemy account and creating a new app on the Alchemy Dashboard, users can get the HTTP URL and API key. The step-by-step process for using Alchemy involves creating a Node project, installing the Alchemy software development kit (SDK), and using the getTokenBalances method to retrieve token balances. The provided code snippet demonstrates how to fetch token balances for a specific wallet address on the Ethereum mainnet.
Moralis offers enterprise-grade Web3 APIs that enable the integration of Web3 in any tech stack. To use Moralis, users need to install Node.js and NPM, set up an account, and obtain the API key. The step-by-step guide to using Moralis involves setting up Moralis, finding all ERC-20 tokens owned by an address using the getWalletTokenBalances endpoint, and running the script to retrieve the token balances. The provided JavaScript code snippet initializes the Moralis SDK, queries for ERC-20 token balances associated with a specific Ethereum wallet address, and prints the results in JSON format.
APIs provided by Chainbase, Alchemy, and Moralis can be used to retrieve information about ERC-20 token balances owned by a particular address. Each platform has its own set of steps and code snippets to follow, but all aim to simplify the process of obtaining token balances through API calls. These APIs provide developers and users with the means to access and analyze ERC-20 token data efficiently.
12 thoughts on “Acquiring Address-owned ERC-20 Tokens”
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This article doesn’t do a good job of explaining the benefits of using these APIs.
I’ve tried using APIs before and it was a nightmare. I don’t want to go through that again.
The fact that these APIs aim to simplify the process of obtaining token balances is a game-changer. It saves so much time and effort for developers and users alike.
The code snippets provided are difficult to understand, especially for someone who is not a developer.
The process of retrieving token balances seems unnecessarily complicated.
I don’t trust these APIs, they seem like a hassle to use.
The step-by-step guides provided for each platform make it easier for developers like me to get started. Thank you for breaking down the process into simple instructions!
I wish there was an alternative to using these APIs, it’s too much of a hassle.
I don’t like the idea of having to install additional software just to use these APIs.
Moralis also offers Web3 APIs? That’s fantastic! I definitely need to explore more about their features and integration capabilities. 🌟
I’m glad I stumbled upon this article. It explained everything so clearly and concisely. Thanks for sharing this valuable information!
This article is really helpful! I always struggle with finding the balances of ERC-20 tokens in my wallet. Now I know I can use APIs like Chainbase, Alchemy, and Moralis to easily retrieve that information. 🙌