PARSIQ’s Tsunami API Launches on Arbitrum One

Bringing Instant Blockchain Data to Developers, dApps, and Protocols

PARSIQ has launched its blazing fast Tsunami API on Arbitrum One. The Layer-2 Ethereum scaling solution has already attracted a strong community of users and developers — with Tsunami API, builders can access instant real-time and historical data providing advanced querying functionality and vital monitoring solutions across the ecosystem.

No longer will it take hours or days to access and collect data, and no longer will it take weeks to restructure that data. With PARSIQ, the process is instantaneous. Accessing the data for all of Arbitrum has never been as fast and efficient as it is with the Tsunami API.

PARSIQ + Arbitrum

With impressive growth in popularity as an Ethereum L2 optimistic rollup scaling solution — as well as the speed and cost-efficiency of its transactions — Arbitrum One has already built a thriving DeFi ecosystem.

A thriving user base and builder friendly ethos makes Arbitrum a great fit for the PARSIQ Network Integration, and we’re looking forward to working with key players within the ecosystem.

The Tsunami API provides users with raw data from the entire Nitro chain. It also provides the ability to apply 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. Providing raw data — both real-time and historical — enables platforms to track any kind of events, metrics, or statistics they desire, such as TVL, liquidity, current and historical token prices, APR, APY, ROI, user balances, and more.

Speed has always been a challenge for projects needing to make calls on historical data, revise and update their metrics, analyze the relation of past events, etc. As developers will know, this data can often take a long time to process — from several hours even to days! With the Tsunami API developers can query over 33 billion blockchain events in under 1 second redefining what it means to quickly and easily access Web3 data.

PARSIQ’s Future on Arbitrum

“With the addition of PARSIQ on Arbitrum One, our ecosystem will now have access to real-time and historical data, allowing developers to work intelligently and efficiently. Having obtainable data is a crucial component to any web3 development, and with the addition of PARSIQ, our community will have customizable data packages available throughout the development cycle.”

— A.J. Warner, Chief Strategy Officer at Offchain Labs

“The explosion of the Arbitrum user base and builder community is nothing short of impressive. At PARSIQ we are thrilled to contribute by introducing our game-changing Tsunami API and an array of powerful indexed data solutions for data aggregators, DEXs and DeFi platforms. We’re excited to play our part pushing forward innovation by tooling Arbitrum builders with all of their data requirements keeping their focus on product and innovation.”

– Tom Tirman, CEO at PARSIQ

Interested in using PARSIQ’s Tsunami API? Contact us!

About Arbitrum

Offchain Labs is a venture-backed and Princeton-founded company that is developing Arbitrum, a suite of secure scaling solutions for Ethereum. Arbitrum is the leading layer 2 scaling provider and has two live blockchains — Arbitrum One, an Optimistic Rollup solution and leading choice for DeFi dApps, and Arbitrum Nova, an AnyTrust solution and home for gaming and social dApps including Reddit’s community points. Arbitrum’s technologies instantly scale dApps, significantly reducing costs and increasing speed, without sacrificing Ethereum’s security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is fully EVM compatible. In 2022, Arbitrum upgraded to its new Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM which significantly increased throughput capacity of the network while meaningfully decreasing transaction costs.

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About PARSIQ

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

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