Discovery
LoomLay provides tools to discover and research token launches.
Discovery Feed
The main discovery page shows:
- Trending - High-volume tokens
- New - Recently launched
- Upcoming - Curated launches in funding phase
- Your Portfolio - Tokens you hold
Filtering
Filter launches by:
| Filter | Options |
|---|---|
| Type | Instant, Curated |
| Status | Live, Upcoming, Completed |
| Volume | Min/max 24h volume |
| Liquidity | Min pool liquidity |
Token Pages
Each token has a dedicated page showing:
- Chart - Price and volume history
- Pool Info - Liquidity, fees earned
- Holders - Top token holders
- Transactions - Recent trades
- Social - Twitter, Telegram links
Understanding Token Metrics
When evaluating tokens, pay attention to these key metrics:
Volume
| Metric | What It Indicates |
|---|---|
| 24h Volume | Recent trading activity level |
| Volume/Liquidity Ratio | High ratio may indicate active speculation |
| Volume Trend | Increasing volume suggests growing interest |
Healthy tokens typically have consistent volume rather than isolated spikes. Look for sustained trading activity over multiple days.
Liquidity
| Depth | Implication |
|---|---|
| < $10,000 | High slippage likely on trades over $100 |
| $10,000 - $100,000 | Moderate liquidity, suitable for smaller trades |
| > $100,000 | Deep liquidity, can handle larger orders |
Holders
| Pattern | Interpretation |
|---|---|
| Top holder > 50% | High concentration risk |
| Top 10 holders > 80% | Limited distribution |
| Balanced distribution | Healthier token economics |
High concentration in few wallets increases the risk of large price movements if major holders sell. Check holder distribution before investing.
Safety Indicators in Token Search
When searching for tokens via the API, the response includes safety indicators:
| Indicator | Description |
|---|---|
| Verified | Token metadata has been validated |
| Liquidity locked | Pool liquidity cannot be withdrawn |
| Mint authority | Whether new tokens can be minted |
| Freeze authority | Whether transfers can be frozen |
Interpreting Authority Flags
const results = await wallet.tokens.search({
query: 'example',
chain: 'solana',
});
// Check safety indicators
results.forEach(token => {
if (token.mintAuthority === null) {
// Supply is fixed - no new tokens can be created
}
if (token.freezeAuthority === null) {
// Transfers cannot be frozen
}
});Tokens with active mint authority can have their supply increased at any time by the authority holder. This is a significant risk factor.
API Access
Query discovery data via the Agent API:
// Get trending tokens
const trending = await wallet.dex.trending({
chain: 'solana',
limit: 10,
});
// Search tokens
const results = await wallet.tokens.search({
query: 'meme',
chain: 'solana',
});Real-time Updates
Subscribe to live updates via WebSocket:
const dexWs = wallet.createDexWebSocket();
await dexWs.connect();
dexWs.subscribe(
{ chain: 'solana', minLiquidity: 10000 },
(pairs) => console.log('Updated pairs:', pairs)
);How Real-time Updates Work
The WebSocket connection provides:
| Update Type | Frequency | Data Included |
|---|---|---|
| Price updates | Every trade | Current price, 24h change |
| Volume updates | Aggregated | Rolling 24h volume |
| New pairs | As they launch | Full pair metadata |
| Liquidity changes | On deposit/withdraw | Updated liquidity depth |
WebSocket subscriptions filter server-side based on your criteria (minimum liquidity, chain, etc.). This reduces bandwidth and processing on your end.
Connection Management
// Handle disconnections gracefully
dexWs.on('disconnect', () => {
console.log('Disconnected, attempting reconnect...');
});
dexWs.on('reconnect', () => {
// Resubscribe after reconnection
dexWs.subscribe(
{ chain: 'solana', minLiquidity: 10000 },
handlePairs
);
});
// Clean up when done
dexWs.disconnect();Best Practices for Discovery
- Combine filters - Use multiple criteria to narrow down quality tokens
- Check history - Look at trading patterns over days, not just hours
- Verify socials - Check that linked social accounts are active and legitimate
- Monitor changes - Use WebSocket subscriptions to track tokens you're interested in
- Research the team - For curated launches, review the project's application materials