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- The blockchain for data platform Flare has announced its integration into the full-stack blockchain indexing solution Subsquid.
- Co-founder and CEO Hugo Philion has lauded the collaboration, praising Subsquid’s commitment to the open-source approach.
Flare, an EVM-based layer-1 platform has officially been integrated by Subsquid, a full-stack blockchain indexing solution, to make historical on-chain data available on the network accessible to developers via the Subsquid network. According to the official release, the Subsquid SDK has an ETL query stack beneficial for indexing events, transactions, and traces.
In this case, developers can leverage the SDK to create custom data pipelines as well as application programming interfaces (APIs) that have the capacity to extract data from the ecosystem. Another thing to note is the availability of the external API calls. With this, developers can aggregate data from Flare APIs using Subsquid SDK.
According to Flare Co-Founder and CEO Hugo Philion, the collaboration with Subsquid would be the best way to equip developers with the best tools.
As we look to provide developers with the best possible tools, we have been very impressed with Subsquid’s commitment to an open source approach and the speed of the indexing system they have built from the ground up.
Subsquid’s credibility in the field cannot be questioned as its data lake boasts 5,000 projects while processing more than 30 billion requests. According to reports, its primary objective is to come up with the largest decentralized data lake in the Web3 industry. This makes it a repository to store and process large amounts of structured and unstructured data.
More on the Flare and Subsquid Collaboration
A spokesperson from Subsquid has also stated that the team is excited about the collaboration with Flare, disclosing that there could be another collaboration on multiple developer engagement initiatives.
We are thrilled to bring Flare into our decentralized data lake, serving as a data provider in the ecosystem and enabling developers to rapidly and permissionlessly retrieve data from the network without having to use an archive node.
This exists as one of the multiple strategic partnership agreements sealed by Flare. A couple of months ago, the blockchain for data platform announced that it had joined hands with Oracle Daemon to build some relevant tools to enhance user experience on the network.
It is important to note that Oracle Daemon is a group of developers who work on blockchain projects and decentralized solutions. The partnership demanded that Oracle Daemon work on multi-wallet management, enhance token token-claiming process by building auto-claiming executors, and finally come up with auto-claiming executors designed specifically for data providers.
David Pangerl, CEO and founder of Oracle Daemon, commented:
I’m most excited about the advanced data provider analytics. Flare is the only blockchain focused on giving developers access to quality data at scale, so whatever we can do to support and optimize the data provision process will be beneficial for the whole network.
For now, Flare is the only Smart Contract platform optimized for decentralized data acquisition. On top of that, it operates as a utility layer of the blockchain industry by ensuring that developers have access to a wide range of data at a cheaper cost.
As of press time, Flare (FLR) had a bearish market sentiment and was trading at $0.00973 after falling by 9 percent in the last seven days.