Zug, Switzerland, April 25th, 2024, Chainwire
Improved Accessibility to On-Chain Data Through Subsquid Data Lakes to Enhance Neon EVM Capabilities
The partnership between Subsquid, a Web3 data lake, and query engine, and Neon EVM powered by Solana is poised to transform dApp development by simplifying the access to on-chain data within the Neon EVM ecosystem. This collaboration marks the initial phase of Subsquid’s expansion into the realm of the Solana blockchain.
Subsquid is recognized as an advanced decentralized data lake and query engine that prioritizes functionality and scalability. It serves as a secure alternative to centralized infrastructure providers like API firms, offering a range of services including blockchain indexing, app development, and analytics. Notable partners of Subsquid include Manta Network, Parity, and Enjin. Initially catering to Ethereum and its Layer 2 solutions, as well as Substrate (Polkadot and Kusama), Subsquid’s partnership with Neon EVM will broaden its support to the Solana network.
In this strategic partnership, Subsquid will integrate on-chain data from Neon EVM into its decentralized data lake fortified with ZK proofs. This integration aims to simplify the access to existing information for dApp developers on the Neon platform, streamlining their development process.
Neon EVM, operating as a fully Ethereum-compatible environment deployed as a smart contract on Solana, offers Ethereum-based solutions such as accounts, signatures, tools, infrastructure, and token standards (ERC-20 tokens) while mitigating common Ethereum challenges like high gas fees, limited liquidity, and extended transaction times. By running on Solana, Neon EVM provides improved liquidity, scalability, fast transactions, cost efficiency, and unique features not present on Ethereum.
The expansion to the Solana network signifies a significant milestone on Subsquid’s roadmap for the first quarter of 2024. While the integration with Solana represents a completed objective for Subsquid in 2024, the platform has additional plans to introduce further updates throughout the year, including the launch of a mainnet, Cosmos support, and the facilitation of permissionless dataset submissions.
About Subsquid
The Subsquid Network functions as a distributed query engine and data lake that forms the backbone of the Subsquid ecosystem. It offers developers unrestricted and cost-effective access to on-chain data from various chains, seamlessly integrated into a comprehensive ecosystem of developer tools compatible with both Web2 and Web3 environments.
About Neon EVM
Neon EVM, an Ethereum Virtual Machine operating as a smart contract on Solana, accepts transaction requests via public PRC endpoints. It enables developers to deploy Ethereum dApps directly with minimal code adjustments, leveraging Solana’s technical strengths such as parallel processing. Built on the principles of security, decentralization, and sustainability, Neon EVM presents a promising avenue for Ethereum developers looking to leverage the advantages of Solana. For more information on Neon EVM and upcoming developments, visit NeonEVM.org and engage with the community on Twitter and Discord.
Contact
Marcel Fohrmann
Market News and Data provided by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.