Paris, August 19, 2021 (GLOBE NEWSWIRE) – Aleph.im, a cross-blockchain decentralized storage and computer network, today announced the release of decentralized indexing for the powerful Proof of Stake blockchain Solana. Projects like Raydium, a Solana based automated market maker, have already benefited from Aleph.im’s bespoke indexing solution, which helps them provide their users with extensive data such as: historical token swaps, liquidity provision, token prices, the total volume over all Trading Pairs and TVL for their merger pools.
“Aleph’s indexing tools will be instrumental in the success of Solana and currently support all of Raydium’s analysis,” said AlphaRay, Head of Raydium.
Historically, Solana-based applications have relied on their own centralized indexing solutions that required high physical hardware costs, incredibly fast Internet connections, and processing power. Aleph.im is a completely decentralized solution that provides computing power (virtual machines) to manage the entire indexing. Since the network runs 50 independent nodes, VMs can automatically scale as needed and indexes are synchronized across the nodes as needed. Later this year, additional resource nodes will add a ten-fold increase in the number of nodes on the Aleph.im network.
“Data availability is an integral part of building a consumer-friendly web3 world, and decentralized indexing services will play a major role in this transition,” said Anatoly Yakovenko, Co-Founder and CEO of Solana Labs.
In an effort to help projects accelerate full decentralization, Aleph.im is offering the development and implementation of GraphQL endpoints (also known as subgraphs) for free to all projects in the Solana ecosystem for a limited time. More than 8 Solana-based projects have started working with Aleph.im developers to integrate this indexing solution and many more will follow. Unlike indexers like The Graph, which index the entire blockchain, Aleph.im indexes new data first before going backwards in time, which offers a more robust and user-oriented solution.
“We’re excited to help Solana-based applications cut costs and provide their users with better data retrieval and ease of querying,” said Jonathan Schemoul, CEO of Aleph.im. “Together with the decentralized storage and indexing solution aleph.im, projects on Solana can move towards full-stack decentralization and we hope to help more protocols and ecosystems achieve the same.”
After Aleph.im developed Web 3 solutions for major players such as Ubisoft, Polygon, Synaps and Request, it has set itself the goal of decentralizing every protocol and every DApp down to the last mile and enabling a smooth transition to Web 3 In addition to its system, Aleph.im has developed modular components that offer a competitive advantage on the way to becoming the leading provider of truly decentralized and user-friendly indexing solutions for blockchains.
To inquire about Aleph.im indexing solutions for your project, visit https://aleph.im/#/indexing
Aleph.im is a distributed cloud platform that offers its users serverless trusted computing services, file storage and database hosting. Aleph.im offers a decentralized solution that could compete with traditional centralized cloud computing. Thanks to its scalable peer-to-peer network and its programming language-independent interface, it offers dApps every chain instant access to database solutions.
For more information, visit aleph.im and follow aleph.im on Twitter: @aleph_im
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Raydium is an automated market maker (AMM) and liquidity provider based on the Solana blockchain for the decentralized exchange Serum (DEX). Raydium’s protocol acts as a bridge for projects looking to expand to Solana and Serum.
Solana is the most powerful blockchain in the world. It gives developers the confidence to build for the long term by offering predictable scale without sacrificing security or composability. Solana’s performance is powered by intra-shard parallelism, capable of processing thousands of smart contracts concurrently, and Proof of History, an innovation in distributed timekeeping that has low seconds latency across the global State enables. To learn more, please visit https://solana.com/