Flare and SubSquid Join Forces to Empower Blockchain Developers
In an exciting development, Flare, a Layer blockchain renowned for its decentralized data acquisition capabilities, has forged a strategic partnership with SubSquid, a global network offering developers and their applications free, fast, and decentralized oracles. This collaboration is set to revolutionize the blockchain landscape by granting SubSquid developers unprecedented access to historical data on the Flare blockchain.
Unlocking Data with Subsquid’s Multichain Indexing
Subsquid introduces a comprehensive blockchain indexing solution known as the Subsquid Cloud Multichain Indexing. This innovative platform equips developers with effortless access to fragmented data across multiple blockchain networks. Moreover, it simplifies data indexing and retrieval from smart contracts on any blockchain through its unified GraphQL API.
In addition to these features, Subsquid provides an open-source software development kit (SDK), specialized data lakes tailored for on-chain data, and a hosted service. This suite of tools significantly enhances data accessibility for Web 3 developers, enabling them to construct more robust and distributed use cases within their applications.
Flare’s Co-Founder and CEO, Hugo Philion, expressed his enthusiasm for the collaboration, stating, “As we strive to provide developers with the most exceptional tools, we’ve been greatly impressed by Subsquid’s dedication to an open-source approach and the remarkable speed at which they’ve developed their indexing system from the ground up.”
Empowering DApp Developers with Historical Data
This partnership opens up new horizons for developers building decentralized applications (DApps). By integrating with the Flare blockchain, developers gain access to extensive historical on-chain data through Subsquid’s distributed data lake.
Subsquid’s representatives also expressed their excitement, saying, “We are thrilled to incorporate Flare into our decentralized data lake, enabling developers to rapidly and seamlessly retrieve data from the network without the need for an archive node.”
Subsquid SDK: A Game-Changer for Data Integration
Subsquid’s SDK introduces a customizable ETL query stack, consolidating data from various sources into a centralized database. This empowers developers to index events, extract data, and transform it to suit their preferred data lake. Additionally, developers can harness the SDK to create custom data pipelines and application programming interfaces (APIs) for data retrieval from the ecosystem. External API calls are also supported, allowing developers to aggregate data from Flare APIs effortlessly.
Subsquid’s Impressive Milestones
Subsquid has already made substantial strides in the blockchain realm. Their data lake currently accommodates over 5,000 DApps and projects, capable of processing more than 30 billion requests.
A Promising Future
This partnership is just the beginning. Flare and Subsquid have announced their commitment to extend their collaboration, embarking on several other developer engagement initiatives. As the blockchain industry continues to evolve, this collaboration promises to deliver even more innovative solutions to empower developers and drive progress.
Disclaimer: This article is provided for informational purposes only and should not be considered as legal, tax, investment, financial, or any other form of professional advice.
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