SubQuery extends its indexing service to Ethereum network

abdelaziz Fathi

Polkadot’s data indexing solution SubQuery is extending its offering to support projects building on the Ethereum ecosystem, providing developers with the data they need to improve the efficiency of their dApps.

Notably, SubQuery is not the first indexing protocol to launch a decentralized data aggregation, indexing, and querying layer on Ethereum. But despite being a beta release, SubQuery’s Ethereum support is a significant step forward for the decentralized web3 data indexing toolkit. SubQuery also offers developers a faster alternative to other solutions like The Graph for indexing and querying data on the Ethereum network, helping developers solve a raft of infrastructural problems.

The latest integration of Ethereum support builds on SubQuery’s existing support for other networks, including Avalanche, Flare, Cosmos (Ethermint), and Polkadot (FrontierEVM). This means that SubQuery is quickly becoming a universal web3 data indexing toolkit that supports multiple blockchains, making it a versatile option for developers working on a range of decentralized applications.

SubQuery, which claims to be 1.85x faster than The Graph, uses multi-threading and optimisation of the store to reduce costly database writes. With faster sync times, developers face less complexities or delays in querying data from other dapps for use in their own products.

SubQuery is bringing its open data indexing solution to Ethereum as well as all the other tools, documentation, developer support, managed hosting, and other benefits that developers receive from its ecosystem.

Sam Zou, the Founder and CEO of SubQuery, said: “Ethereum has been on our radar since day one. Our experienced engineering team has put a lot of hard work into this integration, so that we can guarantee Ethereum developers will have a smooth and seamless experience indexing with SubQuery’s open-source SDK, tools and documentation. We can’t wait to collaborate with teams building on Ethereum with the power of our fast, flexible and universal indexer.”

Since its founding in 2021, SubQuery has served many Layer-1 blockchains and decentralized applications, including hundreds of millions of queries each day to projects in the Polkadot ecosystem.

SubQuery’s decentralized data indexing solution simplifies the process of organizing, exploring and querying on-chain data. It also frees developers’ resources to focus on product development and user experience rather than building their own querying systems. Abstracting the backend, SubQuery eliminates the need for custom data processing servers.

Read this next

blockdag

BlockDAG’s $100M Liquidity Boost And 4-Month Vesting Plan Eclipse XRP Price Fluctuations And Ethereum’s Lower Fees

BlockDAG emerges as a beacon of innovation and stability in the cryptocurrency market, offering a secure and high-potential investment opportunity that contrasts sharply with the volatile swings of XRP and the fluctuating transaction fees of Ethereum.

Institutional FX

Cboe FX turnover hits four-year high in April

The busiest April on global markets in many years is raising hopes among institutional venues that the second quarter will spark a long-awaited rebound in trading metrics.

blockdag

Top 5 Green Cryptos To Invest In: BlockDAG Explodes With $22 Million Raised in 10 Presale Batches

Leading the charge in green cryptocurrencies is BlockDAG, which has remarkably raised $22 million through 10 presale batches, underscoring its commitment to reducing the environmental footprint of blockchain technology. This significant achievement highlights BlockDAG’s dedication to eco-friendly practices and positions it as a frontrunner in the sustainable crypto market.

Digital Assets

US probes Jack Dorsey’s Block for crypto compliance lapses

Block, the fintech firm founded by Twitter co-creator Jack Dorsey, is under federal investigation for its cryptocurrency unit’s compliance practices.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Fed, USD, Geopolitical Tensions May 1 ,2024

Fed decision may strengthen USD, hurting some economies and trade. Mixed US data muddies the picture. Geopolitical tensions weaken Euro as investors favor the USD.

Retail FX

Interactive Brokers’ client trades surge by third in April 2024

Interactive Brokers LLC (NASDAQ: IBKR) recorded 2.339 million daily average revenue trades (DARTs) in April 2024, which is 33% higher than the previous year, yet there was a 3% decrease compared to March.

blockdag

BlockDAG Attracts Major Crypto Investment With $100 Million Liquidity Plan And Strategic Vesting, Outpacing Bitcoin, Ethereum, And Solana

BlockDAG is making waves in the cryptocurrency world, securing over $22 million in presale funds so far, while promising $100 million in liquidity through a strategic four-month vesting period.

Market News, Tech and Fundamental, Technical Analysis

Gold Technical Analysis Report 1 May, 2024

Gold can be expected to rise further toward the next resistance level 2350.00 (previous minor reversal high from the end of April).

Digital Assets

Tether reports record $4.52 billion net profit in Q1 2024

Tether, the company behind the popular stablecoin USDT, has disclosed a record net profit of $4.52 billion for the first quarter of 2024.

<