How Awaken Helps 25K Users Manage $3B+ in On-chain Assets

Awaken is a crypto tax platform purpose-built for anyone managing on-chain activity across multiple chains, wallets, and protocols. Designed by a team of crypto natives, it automates tax reporting with precision: tracking cost basis, gains, losses, and income across even the most complex DeFi transactions. With CoinGecko API integrated, Awaken delivers real-time portfolio insights alongside audit-ready tax calculations, eliminating the manual effort typically required during crypto tax season.

Key Metrics at a Glance

• 25,000 crypto-native users now use Awaken to manage $3B+ in on-chain assets across 500,000+ wallets and exchange accounts.

• Awaken has seen a 3× YoY increase in users and steady increase in average wallet portfolio value tracked since expanding its crypto coverage, powered by the CoinGecko API.

• CoinGecko’s strong reputation as a trusted and reliable crypto data provider was a key factor in Awaken’s decision to integrate the CoinGecko API.

• Users find Awaken’s crypto tax platform comprehensive and have reported higher user satisfaction as it allows all taxable events and portfolio data to be consolidated into a single platform.

The Challenge: The Complexity of Calculating Taxes with High Volumes of Long-tail Tokens

Managing crypto taxes is already complex, but it becomes exponentially more challenging when users interact with thousands of long-tail tokens across DEXs, bridges, and wallets.

Tax reporting requires precise asset pricing at the time of every transaction to calculate gains, losses, and income. Without accurate price data, reporting becomes error-prone and time-consuming, often leading to hours of manual reconciliation.

Moreover, Solana’s high throughput and low fees attract active DeFi users and memecoin traders, resulting in millions of transactions and a proliferation of long-tail tokens issued on-chain. For Awaken, getting accurate crypto price data for Solana-native tokens — from established projects to emerging long-tail assets — to provide accurate tax information, is therefore non-negotiable. 

Why Awaken Chose CoinGecko API

The CoinGecko API was selected for its broad crypto asset coverage, reliable infrastructure, and responsive customer support. Additionally, through its on-chain endpoints, CoinGecko API provides deep coverage of Solana assets, enabling Awaken to deliver precise tax calculations, even for the most illiquid or short-lived tokens.

Awaken also required historical pricing data in order to calculate taxes for its portfolio users. CoinGecko API’s historical price endpoints provided the granularity and accuracy Awaken needs in order to deliver its core product function.

Beyond data quality, the integration process was supported directly by the CoinGecko team, who facilitated onboarding via dedicated communication channels. The immediate responsiveness and technical clarity offered during implementation were key differentiators from other providers.

CoinGecko’s strong reputation as a trusted and reliable crypto data provider was a key factor in Awaken’s decision to integrate the CoinGecko API.  Having previously relied on providers that eventually shut down, Awaken prioritized finding a long-term crypto data partner committed to building in crypto. CoinGecko’s proven track record gave Awaken the confidence to scale, knowing their pricing infrastructure would remain stable, dependable and well-supported. 

“We tried a few other providers and CoinGecko’s reliability and asset coverage was just so much better than anyone else.”

How Awaken Leverages CoinGecko API

Awaken integrates CoinGecko API’s /coins/{id}/market_chart/range endpoint to retrieve token prices at the exact timestamp of each user transaction. This endpoint ensures tax calculations are based on accurate daily closing prices, even for less commonly traded assets. 

For portfolio tracking, the platform uses /simple/price and /coins/markets endpoints to enable real-time wallet and token valuations.

Awaken’s dashboard shows live pricing and holdings for the user’s transacted tokens, with real-time value, cost and total return.

Awaken uses CoinGecko API’s  /coins/{id}/market_chart/range endpoint to calculate cost basis and capital gains for Solana-based swaps using historical price data.

Business and User Outcomes

The integration of CoinGecko API has enabled Awaken to deliver on its core value proposition: tax reporting that is accurate, automated, and scalable. With CoinGecko powering all pricing data, the platform has seen a rapid 3x YoY user growth to 25,000 users in just two years, and has expanded its wallet coverage significantly – contributing to a steady increase in average wallet portfolio value tracked. Users now benefit from a consolidated dashboard with reliable, real-time insights into their crypto holdings, allowing them to manage both their taxes and portfolios with greater efficiency.

In addition to simplifying tax workflows, CoinGecko API’s data supports Awaken’s broader functionality, including P&L tracking and multi-chain asset visibility. As the platform continues to grow, the data infrastructure remains a foundational component of its user experience.

"CoinGecko API powers every single price we show inside Awaken. Without it, our product simply wouldn’t work. Accurate pricing data that is reliable is hard to get. They’re an awesome team and we look forward to growing our business by leveraging the CoinGecko API to grow to millions of crypto users.”

Why Users Love Awaken

Beyond performance metrics, Awaken’s impact is reflected in glowing feedback from its users. Awaken has earned strong user loyalty by staying relentlessly focused on product excellence. The team is committed to building the best crypto tax software in the market, with extensive support for top chains and protocols. 

From superior Solana support to dramatically faster reconciliation times, users consistently highlight how much easier their crypto tax experience has become:

The platform’s ability to handle complex, high-volume transactions with speed and reliability has made it a trusted solution during tax season.

What’s Next on the Roadmap?

Awaken’s goal is to become the hub of all on-chain finance. Over the next 3–12 months, the team plans to add support for new chains such as HyperEVM and Abstract, while enhancing integrations for Base, Solana, and more to ensure taxes on liquidity providing (LPing), perpetuals, and limit orders are handled seamlessly.

This expansion is supported by CoinGecko API as the data layer that scales with every new chain and asset added to the platform.

Looking ahead, Awaken is also building AI-powered reconciliation tools — combining rule-based systems and LLMs with CoinGecko API’s reliable pricing data to help users resolve transaction discrepancies faster and spend less time managing their crypto taxes. 

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