Spherium Joining Hands with Unmarshal To Integrate Data Driven Dashboards Into HyperSwap
Blockchain data is publicly accessible and has a right to be viewed by everyone, but extracting useful information from it remains a challenge. In addition to being highly encrypted, the blocks are spread across different systems, making it difficult to retrieve, decode, and use them.
Developers have to keep certain things in mind when building a resilient dApp, such as whether there is enough data to meet needs, whether the data is real-time, and how reliable the data is, among other things.
To make these priorities a reality, we’d have to establish an indexing system, which is expensive. The other option would be to use either decentralized or centralized third-party providers. Nevertheless, both decentralized and centralized indexers have limitations.
The use of a Decentralized indexer has its own set of disadvantages. The data is not tailored to the needs, whereas centralised data sources are, with limitations such as stability and failure.
For a balanced approach, a service that provides flexibility and stability like a decentralized network, richness, ease of use, and reliability like a centralized provider is required.
There is a need for a data solution that solves the problems discussed above and can handle the load resulting from DeFi’s wide adoption.
Need for Real-Time Data
We at Spherium understand the need for real-time data access in DeFi in the most secure manner, so we are gearing up to partner with Unmarshal on a unique functionality. Unmarshal is a multi-chain infrastructure provider with network of indexers, helping access blockchain data in intelligible formats.
Spherium now extracts rich and structured data from multiple chains such as Ethereum and Binance Smart Chain with increased scalability to disrupt the DeFi data sphere through Unmarshal’s indexing and querying solution.
We hope to expand DeFi’s reach to as many users as possible with this integration. To create a dashboard for VVIP access for DEX users, we are looking to use Unmarshal’s API. As a result, you can visualize all the data of your trades on our DEX.
Further, it will be easier for us to Identify the highest traders on the platforms like Pancakeswap to reward them continuously. In addition, we will run a cross-marketing campaign where we can promote each other in collaboration.
Spherium strives to make your DeFi experience as effortless as possible. Therefore, we will integrate Unmarshal to enrich your experience with real-time data updates, notifications, and analytic dashboards.
We at Spherium Finance are committed to providing a seamless DeFi journey. As a result of this recent move, we have moved one step closer to our goal.
About Spherium Finance
Spherium Finance is empowering the cross-chain community by developing a suite of DeFi applications that will be fully cross-chain compatible, including a Bridge, Universal Wallet, Token Swap platform, Money Markets, Staking services, Lending/Borrowing protocol, and inter-blockchain liquidity transfer. In addition, Spherium has a diverse product portfolio to provide comprehensive DeFi services, including:
HyperBridge: An interoperable multi-chain bridge that allows tokens to be quickly bridged between EVM and Non-EVM compatible blockchains.
HyperSwap: A cross-chain asset swap that is decentralized and based on an automated market-making mechanism.
HyperLend: A decentralized money market where investors can lend or borrow digital assets at interest rates determined by supply and demand.
Hyperwallet: A secure and decentralized wallet for Spherium products and services. Spherium offers a unified platform for multi-asset, cross-chain swaps, crypto financing, and cross-chain operability.
To find out more about Spherium Finance, please visit our website, follow us on Twitter, and join our Telegram group.
About Unmarshal
Unmarshal is a Multi-chain Web 3.0 data network aiming to deliver granular, reliable & real-time data to dApps, DeFi protocols, NFTs, Metaverse and GameFi solutions. Unmarshal provides the easiest way to query Blockchain data from XDC Network, Ethereum, Binance Smart Chain, Polkadot, Near and Solana. Unmarshal network consists of data indexers and transforming tools to power Web 3.0 applications on any chain while providing a latent view of transformed data.
