# Generate a liquidity-based asset ranking

Identify an asset's liquidity, put it into a ranking and then compare it with the market cap to evaluate its true value. Go beyond simple market capitalization to generate more accurate token value estimates. 

<figure><img src="https://lh7-eu.googleusercontent.com/docsz/AD_4nXd-soZkMfBr55ZxN9u1l7ekBpqu9L-5wbfcAI7SaiCMEdIZQx0rOEK6VYhX_DYJ1xbaehVcI69o8DYkN2wnEEKD1HMmwDfuaO4RYtr-rg5zcgjpIM04aPJW2n7MmVVBGhYrZb4j1Z4oVqdaF1xcSngWENg?key=yKeDMZ63ctoLut6nyqnEtA" alt=""><figcaption></figcaption></figure>

The graph above shows the market depth for FFT, and highlights how there was a significant drop in liquidity - even though it was in the top 20 for market cap - prior to its collapse.&#x20;

### <mark style="color:blue;">How to build the request</mark>

With the Market Metrics **Asset endpoint,** you can use the following parameters to source the specific information you're looking for:

| Paramater   | Value                    |
| ----------- | ------------------------ |
| asset       | FTT                      |
| start\_time | 2022-11-05T00:00:00.000Z |
| end\_time   | 2022-11-28T00:00:00.000Z |
| interval    | 1d                       |
| sources     | true                     |

You can find specific asset codes from our [instruments explorer](https://instruments.kaiko.com/#/instruments) or [reference data](https://docs.kaiko.com/#assets).

*NOTE: To calculate the gap between market depth, you'll need access to market cap data.*&#x20;

Here's an example of an HTTP string request using the values above:

<https://us.market-api.kaiko.io/v2/data/analytics.v2/asset\\_metrics?start\\_time=2022-11-05T00:00:00.000Z\\&end\\_time=2022-11-28T00:00:00.000Z\\&asset=fft\\&interval=1d><br>

When you receive your response, search for the following fields to find the data you need:

* timestamp
* buy\_market\_depths
* sell\_market\_depths

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