Friday, June 21, 2024

Everything You Need to Know About the Blockchain Data Company Bitquery

Bitquery, the blockchain data company is constituted of a set of software products that parse, index, and store blockchain data in a collective and unified way. The project initially started its journey with bloxy.info as an analytics explorer and APIs for Ethereum Mainnet.

The featured products of the Bitquery company are DEX Integration with Trading View, Ethereum: Blockchain API, Index DEX Protocol on Bitquery, DEX API: Decentralized Exchange APIs, and Binance: Smart Chain API.

Bitquery is on a mission to overcome the ‘chain casm’ by ensuring the delivery of a set of products that can operate across blockchains and have the potential to offer:

  • Market Analytics
  • Money Flow
  • DEX Trading
  • Decentralized Finance
  • Scientific Research

As we all are aware of the fact that millions of transactions are recorded every day on Blockchains. In order to start working with the blockchain data, you will be required to parse, store, and index these transactions and events.

Role of Bitquery in Shaping the Blockchain Data Use Cases

Well, the cost associated with storing and maintaining the blockchain data is huge, and it is even more massive when we are dealing with multiple blockchains. This is where Bitquery comes to play.

The platform has offered a solution for this issue by providing a unified blockchain GraphQL API interface to access blockchain data for over 30 blockchains.

In addition to this, it should be noted that the GraphQL APIs of Bitquery also assist you in accessing the world of Decentralized Finance, Decentralized Exchange Protocols, and data related to Tokens in a simple and meaningful way across multiple blockchains.

What adds more to the value of Bitquery are the Bitquery Data Verticals. As the blockchain data is highly useful, they identify data vertical on the basis of its use cases that can serve one or multiple industries.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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