diff --git a/components/chainSelect/ChainSelect.tsx b/components/chainSelect/ChainSelect.tsx
index 7ea3e7a..0882bf1 100644
--- a/components/chainSelect/ChainSelect.tsx
+++ b/components/chainSelect/ChainSelect.tsx
@@ -9,6 +9,7 @@ import { useAppContext } from "../../context/AppContext";
 import Select from "../inputs/Select";
 import StackableContainer from "../layout/StackableContainer";
 import { assert } from "@cosmjs/utils";
+import { ChainRegistryAsset } from "./chainregistry";
 
 interface ChainOption {
   label: string;
@@ -141,11 +142,12 @@ const ChainSelect = () => {
         setChainError("Multiple token denoms available, enter manually");
         setShowSettings(true);
       } else {
-        const asset = assetData.assets[0];
+        const asset: ChainRegistryAsset = assetData.assets[0];
         denom = asset.base;
         displayDenom = asset.symbol;
         gasPrice = `0.03${asset.base}`;
-        displayDenomExponent = 6; // TODO: determine dynamically
+        const displayUnit = asset.denom_units.find((u) => u.denom == asset.display);
+        displayDenomExponent = displayUnit?.exponent ?? 6;
       }
 
       // test client connection
diff --git a/components/chainSelect/chainregistry.ts b/components/chainSelect/chainregistry.ts
new file mode 100644
index 0000000..ef1aa4a
--- /dev/null
+++ b/components/chainSelect/chainregistry.ts
@@ -0,0 +1,25 @@
+/**
+ * See https://github.com/cosmos/chain-registry/blob/1e9ecde770951cab90f0853a624411d79af90b83/provenance/assetlist.json#L8-L12
+ */
+export interface ChainRegistryDemonUnit {
+  denom: string;
+  exponent: number;
+  aliases: string[];
+}
+
+/**
+ * See https://github.com/cosmos/chain-registry/blob/1e9ecde770951cab90f0853a624411d79af90b83/provenance/assetlist.json#L5-L28
+ */
+export interface ChainRegistryAsset {
+  description: string;
+  denom_units: ChainRegistryDemonUnit[];
+  base: string;
+  name: string;
+  display: string;
+  symbol: string;
+  logo_URIs: {
+    png: string;
+    svg: string;
+  };
+  coingecko_id: string;
+}