With the explosive growth of DeFi platforms, the ability to access and analyze real-time data has become paramount. The importance of fast and reliable data indexing cannot be overstated, as it underpins the efficiency, transparency, and overall viability of the entire DeFi ecosystem. Persistence, the leading decentralized finance (DeFi) platform, has recently joined forces with SubQuery, a cutting-edge data indexing solution. This powerful collaboration is set to revolutionize the DeFi market, bringing lightning-fast and dependable data indexing to the forefront of the industry.
SubQuery Extends Indexing Support For Persistence
In an exciting announcement today, SubQuery reveals its indexing support for Persistence, a prominent appchain within the Cosmos network. As an appchain dedicated to liquid staking, Persistence enables a thriving ecosystem of DeFi applications that aim to unlock the liquidity potential of staked assets. With Persistence’s comprehensive platform, users can conveniently liquid-stake their Proof-of-Stake assets and maximize their utility.
SubQuery’s cutting-edge data indexing solution, known for its flexibility, speed, openness, and decentralization, now extends its support to Persistence. This collaboration equips blockchain developers with powerful tools to efficiently organize and query on-chain data for their protocols and applications. By abstracting the backend complexities, SubQuery provides a tailored API that empowers developers to focus on product development and user experience rather than investing time and resources in building their own indexing solutions.
Jeroen Develter, Persistence Chain & Ecosystem Lead, said, “As more and more protocols are being deployed onto the Persistence chain, a fast and reliable data indexing service is an absolute must. SubQuery fills that need perfectly. It improves the Developer Experience drastically, which allows them to continue building user-friendly products with greater ease.”
SubQuery Opens Up Multiple Doors For Developers
Developers on the Persistence platform will enjoy the exceptional indexing experience offered by SubQuery, which includes access to a comprehensive range of open-source software development kits (SDKs), tools, documentation, and dedicated developer support within the thriving SubQuery ecosystem. Moreover, Persistence is fully supported within SubQuery’s enterprise-level managed service, which boasts robust infrastructure hosting capabilities and handles an impressive volume of hundreds of millions of requests on a daily basis.
As the leading Indexer within the Cosmos network, SubQuery has established integrations with 13 zones, including renowned chains like Juno, Cronos, Osmosis, Fetch.ai, and Injective. Its Indexer delivers a seamless, high-speed, and efficient solution that empowers developers to query and analyze data within the Cosmos ecosystem.
With the ambitious goal of expanding its indexing support to encompass all Cosmos chains, SubQuery aims to provide services to an even wider array of users and applications. This will enable developers to effortlessly access and comprehend complex blockchain data, thereby facilitating innovation and advancement within the Cosmos network.
Developers heavily rely on accurate and up-to-date data to create advanced algorithms, build sophisticated trading strategies, and design novel DeFi applications. Fast and reliable data indexing empowers developers to unleash their creativity and explore new frontiers in decentralized finance.
Sam Zou, Founder and CEO of SubQuery, “We’re thrilled to collaborate with Persistence to enable Web3 developers the ability to build innovative, fast, and user-friendly DeFi applications around liquid staked assets. This collaboration is a significant step towards a decentralized financial future that is more accessible, inclusive, and efficient.”
At present, SubQuery is dedicated to decentralizing and tokenizing its protocol as part of its initiative to establish the SubQuery Network. This network aims to provide indexing and data servicing to projects worldwide in a manner that is both incentivized and verifiable. Notably, SubQuery Network will extend its indexing support to Persistence projects, as well as projects from other Layer-1 networks that are supported by the platform right from the beginning.