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PARSIQ Network: A New Standard for Web3 Data

Introducing the Tsunami API, Data Lakes, and Data Hubs

PARSIQ Network Products

In the coming months, PARSIQ Network is planning to launch our Tsunami API, Data Lakes, and Data Hubs. Already in a successful alpha testing phase, the Tsunami API is scheduled for release in July of this year.

The Tsunami API: Instant Web3 Data

  • Real-time data means that users can receive blockchain data as it occurs in real time. Essentially, this provides users with a live-stream of events or blocks they are interested in. Where historical data can be thought of as “pull-based,” requiring users to define the data they are interested in and pull it off of a chain; real-time data is “push-based,” being immediately pushed off the chain as the blocks are being built.
  • Raw data means that the data is presented as is, with no manipulation or mediation having been done to it in the process of delivery. Raw data is extremely complex — think, for instance, of the type of data you see on Etherscan — and is made more easily readable, indexable, or usable in a number of ways, depending on the needs and tools on the end of the customer receiving this data. Both the historical data and real-time data provided by the Tsunami API is raw data.

What we have created allows us to even scan all of Ethereum, from the genesis block up to the current moment.

In other words, the Tsunami API provides users with raw data from the entire history of a chain. It gives the ability to apply basic filtration mechanisms, allowing for the querying of the whole of the blockchain history, for example, by sender, receiver, contracts it interacted with by topic, etc.

We have gotten it to the point where over 6 billion transactions can be processed in under 1 second! If it’s not clear, this is very fast compared to what is currently on the market.

It is safe to say that the Tsunami API allows users to immediately get results from very, very big data sets. We are currently in alpha testing of the Tsunami API and we’re already finding our testers are very impressed with the speed and accessibility of this API. We’re also excited to say that in the future we will provide a higher level of functionality, providing data in an aggregate way, and not just as raw data.

Before moving on, let’s sum up the details about the Tsunami API:

  1. Will provide both historical data (pull-based) and immediate, real-time (push-based) data.
  2. Provides raw data that is capable of being defined by various filters.
  3. Grants access to the entire history of data on a blockchain.
  4. Delivers results with impressive speed and efficiency.
  5. Supports Ethereum, BSC, Polygon, and Avalanche at launch (more chains to come).
  6. Is easy to access via API or portal, and only requires simple HTTP requests.

Data Lakes: Custom-Tailored Data Made Accessible and Easy

A lot of projects and potential clients will be interested to hear more about Data Lakes, how they work, and how to get one set up. Not only will they be beneficial for the protocols themselves, but they will also open worlds of data for third-party users.

Importantly, involved in the customization process, Web3 platforms will be able to define the conditions of the type of data or statistics they require. Having done that, the data can be provided. Or, if aggregated data is desired — for instance, TVL, liquidity, pool size of various token pairs, etc. — that can easily be provided as well.

Again, let’s recap what Data Lakes are all about:

  1. Extends the Tsunami API by providing more options for user queries.
  2. Refines the Tsunami API by providing custom data of Web3 dApps or protocols.
  3. Will be valuable to the protocols themselves and to third-party users.
  4. Allows platforms to define the conditions of the type of data they require, be it aggregated or not.
  5. Fault tolerant: can be automatically brought back online in rare cases of loss of function.
  6. Allows for faulty data to be restored, retaining its reliability.

Data Hubs: Rendering Web3 Data Secure, User-Friendly, and Reliable

Now, more than ever, projects are starting to take data very seriously. This is super exciting to see! With the PARSIQ Network delivering not just instant data, but also the ability to store and aggregate it at the same time… this really will be a game changer for a lot of projects!

What will be particularly useful for dApps and protocols using PARSIQ Network will be the SDKs that are planned to be launched after our Data Hubs. Basically, the SDK will serve as a library that clients can use in their app code to get data from Data Hubs and interact with the Tsunami API. The benefit is that the SDK offers an even more user-friendly interface to work with the data we provide.

PARSIQ Network in Action

With our new suite of products PARSIQ Network will set a new standard for Web3 data and become the go-to backend solution for all Web3 data needs.

Not only does PARSIQ provide any and all raw data (historical or real-time), but we also custom-tailor the data to the needs or logic of a dApp or protocol and provide the means for storing and securing that data. And, with the launch of our SDKs, it will be easier than ever to automate one’s workflow when using that data.

  • The Data Lakes extend and refine the reach of the Tsunami API, making the custom-tailored data of particular dApps and DeFi protocols open and available to the protocols themselves and to third-party platforms.
  • Data Hubs store a dApp’s or protocol’s custom data, always keeping it ready to hand, secure, and (in conjunction with the SDK) easily navigable.

The Continued Journey Ahead

With all of what has been described above, the PARSIQ Network is redefining what it means to quickly and easily access Web3 data. Becoming more and more entrenched, the whole world of Web3 and blockchain technology is at an important point of transformation and growth.

  • If you would like to read a letter in which Tom Tirman (CEO) describes how we will redefine Web3 backend, and presents the outline of our roadmap, click here.
  • And for an insightful reflection on the motivation for our platform’s evolution from Danill Romazanov (CTO), click here.


PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API, which will ship in July 2022, will provide blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.



Full-suite data network used to build the backend for all web3 dApps & protocols.

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