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bit query launched its streaming API in early March, allowing users to access blockchain data in real time.
Bitquery’s API allowed Web3 builders to access extensive data from over 40 blockchain networks. As the demand for blockchain data continues to grow, Bitquery has been at the forefront of providing users with reliable and comprehensive data.The Streaming API is the latest addition to Bitquery’s suite of APIs, providing a fast and efficient way to access real-time blockchain data It provides a fast and efficient way to access real-time blockchain data.
You can easily createqueries with a free developer account. Built-in GraphQL IDE When you run your first query, you can browse the schema on the same tab and resolve questions in the documentation
Challenges in accessing blockchain data
Web3 has the potential to revolutionize many industries, but it also has its challenges.
At the time of this writing, Bitcoin’s block size has reached 465 GB and is growing at a staggering 124%. The Ethereum blockchain, on the other hand, boasts an astronomical block size of 879.55 GB. Capturing and making accessible the vast amount of data stored in the blockchain network is a challenge in itself.
Furthermore, the data must be cleaned and stored in a structured, standard format in order to be usable by all applications. We must not forget that it takes thousands of engineering man-hours to reach this stage.
Without an index, developers would have to search the entire blockchain network to find the specific data they need, which is time consuming and inefficient.
Therefore, systems to filter and locate data are important, and this is where the ability to query blockchain data comes in. Querying blockchain data means asking specific questions or making specific requests for data stored in the blockchain network without having to sift through large amounts of irrelevant information.
Bitquery’s API provides developers with the ability to quickly and easily query blockchain data using a user-friendly Explorer and GraphQL interface.
What is the need for blockchain data?
Bitquery provides real-time data about the blockchain, including transactions and trades, to enable individuals to make informed decisions and take advantage of opportunities in the blockchain space. This is especially important for individuals and small businesses that may not have the resources to access blockchain data as useful information.
Bitquery’s Streaming API also allows developers to create decentralized applications (DApps) that provide financial services on the blockchain, such as lending and borrowing platforms, further expanding financial inclusion. Ultimately, this level of transparency and access to information will help foster innovation and growth in the blockchain space.
Common Uses of Bitquery Streaming APIs
There’s always a lot going on in a blockchain network, but what if you only care about certain events, such as swap activity or smart contract creation Bitquery has a solution for that, too.
Bitquery’s Streaming API allows for “ subscribe.” Or you can listen in real time to certain types of events happening on the blockchain. This way, you don’t have to keep checking for updates, you just ask the Streaming API to let you know when something happens.
DEX Trading
Early adopters of Bitquery’s Streaming API are leveraging its real-time data capabilities to track and analyze macroeconomic events in crypto markets, including distributed exchange (DEX) trading.
For developers building trading bots and algorithmic trading platforms, DEX Trades API provides information on the price, volume, and latest trades for specific tokens on various DEXs, including Uniswap, PancakeSwap, and Bitcoin.com’s Verse DEX.
Compliance and Investigations
If you work on the compliance team of a crypto exchange, you can use Bitquery’s Streaming APIs to keep an eye on transactions and quickly catch suspicious or illegal activity. These APIs allow you to filter transactions based on amount, payee address, and more. And the best part is you can set up a webhook to monitor various wallets and receive real-time alerts when something suspicious happens. This way, you can sit back and relax and let the Bitquery API do the work.
Whale tracking and institutional accounts
News like “Shiba Inu moved X% today, or a whale moved a large number of SHIBs worth hundreds of millions” can cause a significant change in market sentiment and affect asset values. Create your own tracker to track the movements of assets you care about.
NFT Transfer&Trades
Staying on top of the latest NFT transfers is crucial for anyone interested in the NFT market, and Bitquery’s NFT API is a powerful tool that allows developers to fetch real-time metadata ownership data and remittance data, as well as pricing information for NFTs on various blockchain networks. With this API, developers can easily build applications that interact with NFTs and provide users with up-to-date information about their favorite NFTs.
Want to see how the Streaming API is visualized in real time? Check out API visual demo
Blockchain data to the cloud
Bitquery’s blockchain data is not limited to the GraphQL interface. Currently, this data can be accessed through Amazon S3, and Bitquery plans to expand this service to cover all major cloud data providers. This means that developers will be able to easily access the indexed blockchain data they need, all in one place.
Need help getting started, contact the Bitquery team at telegram {/netabare}{/netabare} their official community or 197} discord {/netabare}{/netabare}
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