Aleph.im, a cross-blockchain decentralized storage and computer network, today announced the release of decentralized indexing for the Solana blockchain.
The Solana blockchain is powered by intra-shard parallelism, capable of processing thousands of smart contracts concurrently, and Proof of History, a distributed time tracking method that enables low latency.
Previously, Solana-based apps relied on their own centralized indexing solutions, which required high costs for physical hardware, incredibly fast internet connections, and processing power. Aleph.im is a 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.
Solana + Aleph
“Data availability is an essential part of building a consumer-friendly web3 world, and decentralized indexing services will play a major role in this transition,” said Anatoly Yakovenko, CEO of Solana Labs.
Aleph.im has developed solutions for Ubisoft, Polygon, Synaps and Request and has set itself the task of decentralizing every protocol and every DApp down to the last mile and enabling a smooth transition to Web 3.
In addition to a strong infrastructure layer, Aleph.im has developed modular components on its system that offer an advantage in offering really decentralized and user-friendly indexing solutions for blockchains.
“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.”
To support the acceleration of projects towards full decentralization, Aleph.im offers free, time-limited development and implementation of GraphQL endpoints for all projects within the Solana ecosystem.
More than eight Solana-based projects have already started working with Aleph.im developers to integrate this indexing solution, and more will follow.
Projects like Raydium, a Solana-based automated market maker, are an example of the benefits of Aleph.im’s indexing solution, which helps them provide their users with rich data such as historical token swaps, liquidity provision, token prices and total volumes across trade pairs , and TVL for their fusion 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.