Socket_Token_Fetcher
TokenFetcher is a cross-chain price aggregation tool leveraging Socket Protocol to fetch token prices and gas costs from multiple chains. It calculates the optimal chain by combining token price & gas
About
The problem it solves 1. Optimal Trading Decisions: Users can identify the chain offering the best combined token price and gas fees for a specific token, enabling cost-efficient trading and swapping. 2. Simplified Multi-Chain Analysis: Instead of manually checking token prices and gas fees across multiple chains, TokenFetcher automates the process, saving time and reducing the risk of errors. 3. Arbitrage Opportunities: Traders can quickly spot price differences across chains, combined with gas fees, to identify potential arbitrage opportunities. 4. Cross-Chain Swapping: Users planning to swap tokens on decentralized exchanges can use TokenFetcher to find the most cost-effective chain, ensuring maximum returns on their transactions. 5. Decentralized Applications (dApps): Developers can integrate TokenFetcher into their dApps to provide users with real-time, aggregated price and gas data, enhancing user experience and decision-making.
How it's made
Challenges we ran into 1. We have to change our idea at the last moment. 2. Foundry is not working on my machine, have to use Hardhat for this , but Socket does not have npm package. Copied all the dependency into our Project itself.