One-Stop Guide to Nxyz: Effortless Access to Multi-Chain Data, a Web3 Data Indexing Solution
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One-Stop Guide to Nxyz: Effortless Access to Multi-Chain Data, a Web3 Data Indexing Solution
Nxyz aims to improve Web3 by providing high-performance, flexible, and reliable indexing and data infrastructure.
Navigating Web3 tides with focused insights
Author: Paul Veradittakit, Partner at Pantera Capital
Translation: TechFlow
Blockchain technology offers a solution for transparent and decentralized data storage. Information stored on-chain is open, permissionless, and backed by immutability, ensuring data trust and integrity.
While on-chain data is available for anyone to verify and use, deriving meaningful semantics in a reliable and efficient way is cumbersome. Blockchains are distributed ledgers, and their data must be indexed to meet application demands. With the explosive growth of Web3 developer activity, we need a robust layer for data readability to accelerate product innovation.
Nxyz aims to enhance Web3 by providing high-performance, flexible, and reliable indexing and data infrastructure. As a spin-off from Neeva, Nxyz ingests data directly from blockchains in real time and delivers a powerful API suite that enables developers to easily access on-chain data.
Currently, over 4,000 DApps interact with various chains featuring different schemas and routing systems. Slow data retrieval and the necessity for high throughput present significant obstacles for protocols and projects.
Nxyz’s multi-chain API allows any engineer to retrieve specific on-chain and off-chain data across wallets, transactions, NFTs, and smart contracts by treating blockchain reads as real-time data streams. With lightning-fast APIs capable of delivering data support in under 200 milliseconds, the company empowers developers to focus on building at scale.
The Case for Nxyz
Blockchains have become the paradigm for decentralized and transparent data storage.
Although blockchains are ideal for decentralized data storage, they come with their own set of challenges.
Despite the critical importance of decentralized infrastructure provided by distributed ledger technology, validators used to ensure data integrity slow down blockchain query performance.
Indexing gives dApp developers fast access to data. Providing simple data navigation within crypto networks is essential to leverage the transparency and decentralization offered by blockchain-backed data storage.
However, current market solutions struggle with infrastructure issues such as reliability, noticeable lag behind the chain, and long processing times. Leveraging its large-scale parallel infrastructure, Nxyz provides a solution offering reliable, low-latency, and highly real-time connectivity to blockchains required by dApps.
How to Use Nxyz
The current Nxyz API suite consists of endpoints for wallets, tokens, and collections, greatly simplifying data retrieval.
Steps to connect with Nxyz:
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Select the desired endpoint from the currently supported list. This includes predefined APIs for common entities (NFTs, ERC-20s, balances) and also supports complex needs, such as specifying custom indexing patterns for any set of contracts.
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Input specific parameters for the endpoint, such as wallet address, chain ID (to identify the blockchain, e.g., "Polygon"), etc.
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Make the request just like any other API call and receive the desired data.
Since its launch earlier this year, Nxyz has processed over 5 billion transactions, delivering real-time blockchain data. Nxyz provides multi-chain data for Ethereum, Optimism, BSC, Avalanche-C, and Arbitrum. This solution can significantly speed up popular blockchain applications, allowing developers to focus on their core products.
Team
Nxyz was incubated out of Neeva, a privacy-first, ad-free search engine and browser, before spinning out into its own product.
Over the past year, co-founders Sridhar Ramaswamy, Todd Wang, and Nathan Wiegand, among others, have applied their expertise in building some of the largest distributed systems on the internet to develop a solution that scales blockchain innovation.
Prior to founding Neeva, Sridhar served as Senior Vice President of Ads and Commerce at Google. Todd and Nathan are also accomplished engineers who previously worked at Google and Neeva as CTO and VP of Engineering, respectively, before joining Nxyz.
Final Thoughts
Blockchains and new L1s are rapidly becoming venues for decentralized applications.
While this represents remarkable innovation, it also brings its own challenges, as there is no single optimal way to interface with this form of data storage.
To enable scalable innovation, Nxyz provides a lightning-fast API for interacting with on-chain and off-chain data. With low latency and support for multiple chains, the platform delivers seamless Web3 data indexing.
With a solid base of early customers including companies such as BitGo, Citrus, Fractal, and Crossmint, Nxyz is well-positioned to simplify Web3 development by enabling easy access to on-chain and off-chain data.
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