July 3, 2024. Deutsche Telekom MMS has joined the Subsquid network and becomes the first major enterprise partner. Subsquid deployed the public network with its mainnet on June 3, 2024. Deutsche Telekom’s subsidiary, Telekom MMS, provides the Subsquid network with worker nodes, i.e. decentralized computers with storage and computing resources.
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Data lakes such as Subsquid offer companies a storage location for unformatted raw data and also a query engine that enables Web3 developers to access this blockchain data quickly and without delay. In an increasingly fragmented landscape of different blockchains, developers who want to reach users must rely on compatible systems. This leads to challenges when retrieving data that is essential for the functioning of decentralized applications (dApps), such as transaction history. Until now, developers have had to operate nodes themselves or rely on centralized interfaces (APIs) to obtain the desired data in the appropriate format. However, this approach harbors potential problems such as long waiting times, high costs and security risks. Subsquid makes this process obsolete. The protocol solves the problem of retrieving historical blockchain data through its fundamentally decentralized network. Developers benefit from maximum flexibility in formatting and using the data.
The Deutsche Telekom MMS infrastructure supports Subsquid’s decentralization: The worker nodes contribute to the resilience and scalability of the Subsquid network, increase data availability for dApps and thus promote the Web3 ecosystem. Users worldwide can delegate their Subsquid tokens ($SQD) to trusted node operators to secure the network against attacks, enabling a resilient foundation for data lake technology.
“Subsquid’s network, with its innovative architecture, is a game changer for Web3, unlocking the true potential of blockchain data and making it easily accessible and usable for developers and users alike. By providing our high-quality infrastructure, we strengthen the security and scalability of the network and contribute to the foundation of Subsquid’s powerful data lake,” explains Dirk Röder, Head of Web3 Infrastructure & Solutions, Deutsche Telekom MMS.
Marcel Fohrmann, co-founder of Subsquid, emphasizes the importance of this partnership: “It is a very big step for us that Deutsche Telekom MMS joins our network and operates worker nodes. Deutsche Telekom is known as one of the world’s largest and most trusted infrastructure providers and it means a lot to us that they are helping to provide developers with unrestricted access to data in Web3 and thus create new use cases. This collaboration not only increases the legitimacy and security of our network, but also for blockchain in general.”
Since the official launch of the mainnet on June 3, the network has developed rapidly. Within a very short time, over 700 worker nodes have been activated and more than 536 TB of data has been made available for storage on a peer-to-peer basis. These numbers illustrate the active participation and rapid build-up of the Subsquid ecosystem.
Subsquid Network is a hyperscalable modular data platform that combines a decentralized data lake with a highly efficient query engine to unlock new capabilities for dApps, AI agents, analytics and ZK Proofs/TEE by providing lightning-fast blockchain indexing. By replacing the reliance on RPCs to query chains, SQD facilitates onchain data retrieval at scale and enables seamless user and builder experiences.
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👉 www.telekom-mms.com
👉 https://subsquid.io/
Graphic: Telekom MMS
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