Subsquid to form a partnership with Neon EVM and become a member of the Solana blockchain
Subsquid, a cutting-edge Web3 data lake and query engine, has announced a strategic partnership with Neon EVM, a Solana-powered platform. This collaboration aims to simplify access to on-chain data for dApp developers and marks Subsquid’s entry into the Solana blockchain.
Unlike centralized API providers, Subsquid offers a secure alternative by providing blockchain indexing, app development, and analytics services. Initially supporting Ethereum and its Layer-2 solutions, as well as Substrate (Polkadot and Kusama), Subsquid is now expanding its reach to Solana.
Through this partnership, Subsquid plans to integrate on-chain data from Neon EVM into its decentralized data lake, which is secured by ZK proofs. This integration will make it easier for developers building dApps on the Neon platform to access existing information. Neon, operating as a smart contract on Solana, offers a range of Ethereum solutions, including accounts, signatures, tools, infrastructure, and token standards like ERC-20 tokens.
By collaborating with Solana, Subsquid overcomes various drawbacks of Ethereum, such as high gas fees, limited liquidity, and long transaction times. Solana provides improved liquidity, scalability, faster transactions, and lower costs.
Expanding to the Solana network is a significant milestone for Subsquid in the first quarter of 2024. However, the platform has more changes planned for this year, including the launch of a mainnet, support for Cosmos, and the introduction of permissionless dataset submission.
Currently, Subsquid offers developers permissionless and cost-efficient access to on-chain data from over 100 chains. It seamlessly integrates into a vast ecosystem of developer tools, both Web2 and Web3 native.
