We are pleased to announce that Synternet’s live data streams have been added to Google Cloud Web3 Portal, giving users access to blockchain data from Bitcoin, dYdX, Injective, Osmosis, Arbitrum and Ethereum. Streaming data is a faster and better version of a plain RPC API. Synternet provides extremely high-performance live data and indexing, streaming block, transaction, mem-pool data direct to your project. Synternet, with Google Cloud’s infrastructure, powers traders, dApp builders, and developers to make better trades, faster apps, and awesome games.
Solving Fragmentation in the Data Industry
According to Filecoin, Web3 data is growing exponentially. Recent blockchains have found a way to speed up transactions beyond even the likes of MasterCard and Visa. It is no wonder that technology like RPC invented in the ’60s is falling behind. dApps, crypto wallets, and games are all facing the challenge of needing to work with many popular chains at the same time. Streaming data is a powerful and scalable solution to this challenge, however, a large majority of Web3 projects still get their data from slow and centralized RPC nodes according to DFG. The demand from users is increasing, and so is the complexity of cross-chain requests. As the Web3 space becomes more interconnected, the next generation of blockchain applications will be built on live data streams.
The loss from slippage, high transaction expenses, expensive transaction routing, and costly liquidity management are all symptoms of poor data infrastructure. So are dApp downtime, poor user experience, and lost opportunities. The ability to access multiple blockchain data streams simultaneously in real-time will change the industry. For example, cross-chain trading bots can quickly spot arbitrage opportunities across different networks. Solvers can gain a competitive edge by computing real-time data and composing multichain streams on the fly. Synternet is the tool that can power and enhance these solutions.
It also makes crypto more secure. According to PEW Research, over 75% of new adopters worry about the security of their on-chain assets. Many of the mass-effect loss events in crypto are telegraphed well in advance and are far from instant. Real-time monitoring of active smart contracts enables continuous surveillance, allowing for swift detection and response to security breaches, scams, and fraudulent activities. This vigilant approach reduces the window of vulnerability and supports rapid countermeasures. Pre-transaction screening can assess risks before execution, acting as a safeguard against malicious entities and fraudulent operations. Moreover, wrapped asset protocols could improve transparency by implementing real-time anomaly detection and alert systems to notify teams or communities of potential issues as they arise.
Reimagining Access to Web3 Data
Google Cloud is recognized for its reliability and scalability, making it an essential platform for developers building in various sectors. With the addition of Synternet’s data streams, users can now access blockchain data from Injective, dYdX, Osmosis, Ethereum, Arbitrum, and Bitcoin directly from Google Cloud Pub/Sub - this integration brings significant advantages for developers who require consistent and fast access to blockchain data.
“New developers exploring the massive opportunity in Web3 are not looking at a chain-by-chain approach. They see a single sea of technology, and are thinking across chains in the same way that the internet is across websites. Our collaboration with Google Cloud represents a significant step forward in providing developers with the tools they need to build reliable, scalable Web3 applications. This offer will be available with Synternet's real-time data streams available on Google Cloud’s Web3 Portal. We’re addressing a key challenge in the industry - access to consistent data across multiple blockchains.” — Daniel Haudenschild, CEO of Synternet.
Synternet’s integration with Google Cloud provides a timely solution by aggregating data streams from multiple major blockchain networks. This helps developers navigate the fragmented data landscape more effectively, offering a single platform for accessing real-time data from multiple sources.
Start Building Now
This integration represents a step forward in providing developers with the tools they need to build and scale decentralized applications. Synternet is committed to supporting innovation in the Web3 space by offering reliable and accessible data streaming solutions.
To start using Synternet’s data streams, visit the Google Cloud Web3 Portal.
About Synternet
Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between blockchains.
To learn more about Synternet, visit the official website, X, Telegram, Discord or blog.
