The integration of Subsquid with Flare paves the way for greater innovation and collaboration in the blockchain ecosystem.
Flare Network, an EVM smart contract platform, has announced its collaboration with Subsquid, a full-stack blockchain indexing platform to make historical data stored on the Flare blockchain easily available to developers using the Subsquid Network. There is solution.
Subsquid: A game-changer for blockchain data access
Subsquid is a full-stack blockchain indexing solution equipped with an open-source software development kit (SDK), a specialized data lake designed for on-chain data, and a hosted service. Its mission is to empower developers to build decentralized finance (DeFi) based applications provide them with seamless access to a repository of historical on-chain data through Subsquid’s distributed data lake.
What sets Subsquid apart is its commitment to the principles of decentralization and accessibility. The platform serves as a repository of structured and unstructured data, currently containing data from over 5,000 projects. Impressive as it is, Subsquid’s data lake processes 30 billion requests, aiming to become the largest decentralized data lake in the Web3 ecosystem.
The core of Subsquid’s offering is its open-source SDK, which features a highly customizable ETL (extract, transform, load) query stack. This stack is extremely beneficial for indexing blockchain events, transactions, and traces. Developers can use the SDK to create bespoke data pipelines and application programming interfaces (APIs) that retrieve data from the Flare ecosystem.
Another major advantage of the Subsquid SDK is its ability to call external APIs. This means developers can collect data not only from Subsquid’s data lake but also from the Flare API, further increasing their access to valuable historical data.
Hugo Fillion, co-founder and CEO of Flare, expressed his enthusiasm for Subsquid’s open-source approach, saying:
“As we seek to provide developers with the best possible tools, we have been very impressed by Subsquid’s commitment to an open-source approach and the speed of the indexing system they have built from the ground up.”
Flare and Subsquid to unlock the potential of decentralized data access
The integration of Subsquid with Flare paves the way for greater innovation and collaboration in the blockchain ecosystem. By bringing Flare to its decentralized data lake, Subsquid now acts as a data provider in the ecosystem, facilitating fast and permissionless data retrieval for developers without the need for an archive node.
A senior executive at Subsquid expressed excitement about this collaboration, saying, “We are thrilled to bring Flare to our decentralized data lake, serving as the data provider in the ecosystem and enabling developers to access their data without any hassles. Enables to retrieve data from the network of access rapidly and without permission. An archive node.” Both parties expressed their anticipation for several developer engagement initiatives, highlighting their shared commitment to promoting innovation and access in the blockchain space.
As they continue to collaborate and expand data access, users can expect to see a rich ecosystem of dApps and solutions that leverage the power of historical data for the benefit of all. The future of blockchain development has become even more promising.
Benjamin Godfrey is a blockchain enthusiast and journalist who loves writing about real-life applications of blockchain technology and innovations to promote general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain media and sites.
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