MEXCFlare Partners With Subsquid To Enhance Open-Source Access Of Blockchain Data
- Blockchain indexing platform Subsquid integrates Flare
- Flare will provide its blockchain for data services to Subsquid-based developers.
- More partnerships are set to follow, a team member confirmed.
Flare, a Layer 1 blockchain for data announced its integration with Subsquid, a blockchain indexing platform designed for billion-user decentralized applications (DApps). The strategic integration aims to provide Flare’s data to developers on Subsquid and the applications they build. Developers on the indexing platform will have access to the massive cache of historical data on the Flare blockchain, enhancing the building process and capabilities of their DApps.
Speaking on the integration, Flare Co-Founder and CEO Hugo Philion praised the open-source approach to data accessibility that Subsquid offers stating:
“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 consists of an open-source software development kit (SDK), specialized data lakes for on-chain data and a hosted service. The Subsquid SDK features a customizable Extract, Transform, Load (ETL) query stack that will allow users to extract data from the Flare databases, transform it, and then load it into the Subsquid data lake. DApp developers can tap into the Flare blockchain to access large volumes of historical on-chain data within the data lake of Subsquid to help in enhancing their platforms.
“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,” said XX from Subsquid.
Additionally, developers can build custom data pipelines and application programming interfaces (APIs) that retrieve data from the ecosystem, as well as external APIs, which can be used to aggregate data from Flare APIs.
The spokesperson from Subsquid further added that the two Web 3 firms will collaborate on future projects to help build out one of the largest data lakes for the Web 3 ecosystem and new developer engagement initiatives.
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