Aleph.im, a cross-blockchain storage and computing network, announced today the release of a decentralized indexing tool for the Solana blockchain ecosystem.
- Solana, a high-performance proof-of-stake blockchain and challenger to the Ethereum blockchain, has soared by over 70% over the past week. Solana reached a new all-time high of US$79.57 on Aug. 18, according to CoinGecko data. In June, Solana Labs completed a US$314.15 million private token sale led by Andreessen Horowitz and Polychain Capital.
- Aleph.im’s custom-built indexing solution enables projects like Raydium, a decentralized exchange on Solana, to provide data on token swaps, liquidity provision, token prices and total volume across trading pairs to their users.
- “Data availability is an integral component to building a consumer-friendly web3 world, and decentralized indexing services will play a large part in that transition,” said Anatoly Yakovenko, co-founder and CEO of Solana Labs, in a statement.
- Applications built on Solana have, until now, had to rely on their own centralized indexing solutions, which entailed high costs for physical hardware, fast internet connection and computing power. With Aleph.im, projects on Solana would be able to tap into its decentralized platform that provides computing power (virtual machines) to manage all indexing.
- “We are very happy to help Solana-based applications to cut costs and enjoy better data retrieval and easy data query for their users,” said Jonathan Schemoul, CEO of Aleph.im.