SubQuery Network

In an exciting development for the blockchain and trading communities, SubQuery, a leading data indexing platform, has announced a strategic partnership with Sei Network, an open-source Layer 1 blockchain. This collaboration is set to revolutionize the way developers access <a href="https://blockchainreporter.net/glossary/on-chain/" rel="noopener noreferrer nofollow">on-chain</a> data, offering lightning-fast access to crucial trade information.<h2 id="header-0">Sei Labs Aims To Enhance Trading Experience</h2>In a significant development, a new partnership has been announced between SubQuery and Sei Network. Sei Network, an open-source Layer 1 blockchain, is renowned for its specialization in <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a>. It optimizes every layer of the stack to provide a robust infrastructure for all types of trading applications.This collaboration heralds a new era of opportunities for developers, enabling them to tap into Sei Network’s valuable on-chain data. Given Sei Network’s industry-leading performance of processing 20,000 orders per second, the need for rapid access to on-chain data is paramount.SubQuery, known for its speedy and flexible data indexing tool, comes into play here. By leveraging SubQuery’s capabilities, developers can index data and access trade information in record time.Grover, Growth Lead and Head of Marketing at Sei commented, “Sei Labs is building the best infrastructure for exchanges of any kind, and we are excited to welcome SubQuery to provide fast and efficient indexing support to teams building here. Developers in Sei Network will benefit from SubQuery’s excellent developer experience and fast &amp; feature-rich indexer to support the fast transaction times provided by Sei.”Data indexing is the process of organizing data in a way that makes it quickly retrievable. In the context of crypto trading, this means organizing on-chain data – the information that is stored directly on a blockchain – in a way that allows for rapid access and analysis. With the volume of transactions happening every second on various blockchains, the need for efficient data indexing increases.<h2 id="header-1">SubQuery Builds PoC Project To Index ETH-USD Exchange Rates</h2>In a significant stride towards enhancing blockchain data accessibility, SubQuery has developed a proof-of-concept project as part of its integration with <a href="https://www.sei.io/" rel="noopener noreferrer nofollow">Sei Network</a>. This project focuses on indexing all ETH-USD exchange rates supplied to Levana’s Sei DEX protocol by the Pyth price oracle. This initiative serves as a tangible demonstration of SubQuery’s ability to swiftly index real-world on-chain data for production applications. It is anticipated to be an invaluable resource for developers embarking on their own Sei application projects.<a href="https://subquery.network/" rel="noopener noreferrer nofollow">SubQuery</a> has established itself as a leading indexer in Tendermint-based networks, offering extensive support for the Wasm <a href="https://blockchainreporter.net/glossary/smart-contract/" rel="noopener noreferrer nofollow">smart contract</a> layer, which is utilized by the Sei Network. This partnership will enable developers to leverage SubQuery’s decentralized infrastructure, equipping them with the necessary tools to create innovative applications and services on the Sei network.The benefits of this collaboration extend beyond the open-source indexing solution provided by SubQuery. Sei customers will also have the opportunity to utilize SubQuery’s enterprise-level hosting services. These services include dedicated databases, automated deployments, and geographic routing to multiple clusters worldwide. This global distribution ensures optimal performance and uptime, crucial factors in the fast-paced world of blockchain trading.James Bayly, COO of SubQuery, said, “We’re thrilled to collaborate closely with Sei Network and support their high performant and scalable blockchain serving as an advanced infrastructure for digital assets of all kinds. By providing our performance focused indexing service, with cutting-edge APIs and tools, we empower their community to build innovative products and services on their fast network.”One of the key benefits of data indexing in crypto trading is the ability to access real-time trade information. In a market where prices can fluctuate wildly within seconds, having access to the most up-to-date information is crucial. Data indexing allows traders to access this information almost instantaneously, enabling them to make informed decisions and react to market changes in real time.Moreover, data indexing also opens up new possibilities for algorithmic trading. By providing fast access to on-chain data, developers can create algorithms that react to market changes in real-time, executing trades at lightning speed and potentially reaping significant profits.

SubQuery Announces Integration with Sei Network to Bring Lightning-Fast On-Chain Data Access

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