Polkamarkets Labs Partners with SubQuery
Polkamarkets Labs is happy to announce that they are partnering with SubQuery! Polkamarkets Labs and SubQuery will team up to enable a reliable data aggregator for the Polkamarkets protocol.
Querying and aggregating on-chain data is a complex and costly process. In order to build increasingly complex and intuitive applications, developers need powerful tools to process and query their data faster. SubQuery is an open-source project that allows developers to index, transform, and query Substrate chain data to power their applications.
Polkamarkets Labs has previously built their own indexing solution. However, as the protocol gains more usage, a more scalable solution is needed in order to bring the best user experience to the Pokamarkets’ webapp.
“One of the most exciting applications of blockchain is prediction markets and trading, and we’re excited to partner with the leading player in this space in Polkadot. Creating a prediction market isn’t just about collecting real world events, it requires an excellent user interface to display this information and allow users to take the right positions — we’re keen to play a big part in this development.” — James Bayly, Head of Business Development at SubQuery.
The Polkamarkets protocol is being deployed in Kusama through Moonriver, and soon to Polkadot through Moonbeam. Polkamarkets Labs is partnering with the largest and most reliable data indexing providers in the Substrate/Polkadot ecosystem to augment the protocol’s data handling capabilities.
SubQuery will be used to index and aggregate Polkamarkets’ protocol, such as:
- Users’ portfolio/transaction history
- Market outcomes price history
- Market resolution POLK bonds history
“Prediction markets are only as reliable as the data they use. This partnership with SubQuery enables the Polkamarkets protocol to enhance its data handling capabilities to ensure a robust and smooth user experience, while adding powerful data tools for developers using the protocol to build their own prediction market apps. We look forward to seeing where our technologies can work together to bring greater prediction market usage and adoption.” — Ricardo Marques, Co-Founder of Polkamarkets.
ABOUT SubQuery
SubQuery is Polkadot’s leading data provider, supporting an indexing & querying layer between Layer-1 blockchains (Polkadot) and decentralized applications. SubQuery’s data service is being used by most of the Polkadot and Kusama crowdloan and parachain auction websites live today.
ABOUT Polkamarkets
Polkamarkets is an Autonomous Prediction Market Protocol built for cross-chain information exchange and trading where users take positions on outcomes of real-world events–in decentralized and interoperable EVMs.
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