Polkadot’s data indexing solution SubQuery is extending its offering to support projects building on the Terra ecosystem.
Notably, SubQuery is the first indexing protocol to launch a decentralized data aggregation, indexing, and querying layer on Terra. In addition to Terra, SubQuery has identified a priority list of four other Layer 1 blockchains that it intends to support in the future.
SubQuery is bringing its open data indexing solution to Terra as well as all the other tools, documentation, developer support, managed hosting, and other benefits that developers receive from its ecosystem.
Terra is the second of five protocols that SubQuery intends to support in total throughout 2022. The start of this journey was its expansion into the Avalanche ecosystem.
Terra blockchain makes stablecoins that track the price of various fiat currencies. It was built with Tendermint, the native architecture for the Cosmos ecosystem of blockchains. Terraform Labs secured last year $150 million worth of investment funding from several high-flyers in the crypto space.
Sam Zou, the Founder and CEO of SubQuery commented, “SubQuery is a fundamental piece of web3 infrastructure and we are delighted to support the explosive growth occurring in Terra. We can’t wait to see how teams in the Terra ecosystem leverage SubQuery’s leading-edge indexing technology to build fast and feature-rich dApps.”
SubQuery scale to serve millions of daily API requests
“SubQuery is currently focused on decentralising and tokenizing the protocol to build the SubQuery Network which will be launched in the second quarter of 2022. The SubQuery Network will be simple and accessible to all, will innovate in payment methods, and most importantly, will support indexing Terra projects from the outset,” the statement further reads.
Since its founding in 2021, SubQuery has served many Layer-1 blockchains and decentralized applications, including hundreds of millions of queries each day to projects in the Polkadot ecosystem.
Its data indexing technology provides developers with the tools needed to explore, transform and analyse on-chain data. It also frees their resources to focus on product development and user experience rather than building their own querying systems. Abstracting the backend, SubQuery eliminates the need for custom data processing servers.