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Subsquid Adds Etherlink Support, Enabling Free On-Chain Data Access for Developers
The Tezos Foundation has announced the integration of Etherlink support into Subsquid’s decentralized data lake, offering significant benefits for developers. This integration allows those building on Etherlink, a new Layer 2 solution, to use the Subsquid SDK for efficient access to on-chain data, enhancing the development of decentralized applications (dapps).
By: XTZ News
10 June 2024
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Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
The Tezos Foundation has announced the integration of Etherlink support into Subsquid’s decentralized data lake, offering significant benefits for developers. This integration allows those building on Etherlink, a new Layer 2 solution, to use the Subsquid SDK for efficient access to on-chain data, enhancing the development of decentralized applications (dapps).
Congratulations to @subsquid for securing a grant from the Tezos Foundation! Subsquid provides a data lake solution that allows projects to batch query and aggregate data on-chain and off-chain.
— Tezos Foundation (@TezosFoundation) June 7, 2024
Subsquid’s integration with Etherlink marks an important development for the Tezos ecosystem. Etherlink is an optimistic, EVM-compatible rollup designed to be the most decentralized EVM-compatible Layer 2 solution. It features low transaction fees and seamless interoperability with Tezos Layer 1.
The Tezos Foundation highlighted this advancement in a series of tweets. “@Etherlink support is now integrated into the Subsquid decentralized data lake! This means anyone building on Etherlink can use the Subsquid SDK to quickly build indexers and access all the on-chain data they need to run their app—completely free!” the Foundation tweeted.
Subsquid elaborated on the collaboration in their blog post, stating, “We’re excited to share that we’ve added support for Etherlink to our decentralized data lake. This means, anyone building on Etherlink will be able to use the Subsquid SDK to quickly build indexers and access all the on-chain data they need to run their app for free.”
Developers can now efficiently access and utilize on-chain data using the Subsquid SDK, facilitating scalable and efficient dapp development on Etherlink. Subsquid emphasized the ease of use, noting that “communications between the L1 and other rollups are standardized, even if those have different execution environments.”
The collaboration aims to standardize communications between Tezos Layer 1 and various rollups, ensuring consistent and reliable off-chain transaction processing. This interoperability improves the ecosystem’s efficiency and allows for seamless interaction across different execution environments.
The integration of Etherlink support into Subsquid’s decentralized data lake offers several key benefits for developers:
Free Access to On-Chain Data: Developers can use the Subsquid SDK to build indexers and access all necessary on-chain data without any cost.
Efficient Dapp Development: The SDK facilitates quick and scalable decentralized application development on Etherlink.
Low Transaction Fees: Etherlink’s design ensures low transaction fees, making it a cost-effective Layer 2 solution.
Standardized Communication: Interoperability is enhanced as communications between Tezos Layer 1 and various rollups are standardized.
Enhanced Security: Features such as MEV protection through protocol-wide governance provide additional security and reliability.
Seamless Integration: The integration allows for efficient off-chain processing of transactions, maintaining consistency across different rollup implementations.
Additionally, Etherlink’s design includes features such as MEV protection through protocol-wide governance, enhancing its security and reliability. Subsquid highlighted the benefits for users, stating, “users will benefit from MEV protection from credible neutrality because only protocol-wide governance can affect changes in the rollup.”
Subsquid expressed their enthusiasm for this partnership in a blog post, stating, “We’re excited to share that we’ve added support for Etherlink to our decentralized data lake. This means, anyone building on Etherlink will be able to use the Subsquid SDK to quickly build indexers and access all the on-chain data they need to run their app for free.”
This integration marks a pivotal step for developers within the Tezos ecosystem, providing them with advanced tools to build and innovate on the Etherlink Layer 2 solution.
DefiLlama, the largest TVL aggregator for Decentralized Finance (DeFi), has recently integrated Etherlink, enhancing the visibility and accessibility of this innovative Layer 2 blockchain solution within the decentralized finance (DeFi) ecosystem. DefiLlama is a prominent Total Value Locked (TVL) aggregator, offering open-source and transparent data, maintained by a dedicated team of contributors.
Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.
The Tezos Foundation has announced the integration of Etherlink support into Subsquid’s decentralized data lake, offering significant benefits for developers. This integration allows those building on Etherlink, a new Layer 2 solution, to use the Subsquid SDK for efficient access to on-chain data, enhancing the development of decentralized applications (dapps).
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
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DefiLlama, the largest TVL aggregator for Decentralized Finance (DeFi), has recently integrated Etherlink, enhancing the visibility and accessibility of this innovative Layer 2 blockchain solution within the decentralized finance (DeFi) ecosystem. DefiLlama is a prominent Total Value Locked (TVL) aggregator, offering open-source and transparent data, maintained by a dedicated team of contributors.
Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.
OpenPad, a well-regarded platform known for its innovative approach to project management and decentralized ecosystem funding, is taking a significant leap forward. OpenPad has recently announced its deployment on Etherlink, a Layer 2 EVM-compatible Smart Rollup built on the Tezos blockchain.
