Due to Google Cloud’s accessibility in the majority of areas and its industry-leading availability and security, which helps streamline blockchain transactions, Eigenphi, a token flow-oriented data platform, has chosen to move its systems there.
By shifting to Google Cloud, EigenPhi assists miners and validators in measuring MEV and liquidity and releasing value for the larger Web3 and DeFI ecosystem.
Discover how @EigenPhi built their Web3 blockchain analysis platform on the Google Cloud at https://t.co/OXGuajbpO1.
2.10.2023 — Google Cloud (@googlecloud)
A market-leading transaction tool developed by EigenPhi offers statistics on MEV and liquidity on-chain as well as research that enables Defi stakeholders to understand blockchain behaviors, structures, and affiliations that may affect their interests.
Another reason for switching to Eigen was the processing of enormous amounts of trading data for the real-time tables and charts on EigenPhi’s website. Their algorithms decipher dozens, if not hundreds, of transfers in a single blockchain transaction, which necessitates speedy and reliable data processing abilities.
These functions can be provided by Google Cloud’s data management and analytics technologies, including BigQuery, Bigtable, and Cloud Spanner for data storage, and DataFlow and Pub/Sub for data streaming and processing.
With the aid of Google Cloud professionals who will aid EigenPhi in choosing the appropriate technology for migration, Google Cloud can also help the company grow. In order to give a keynote and learn about new Google Cloud features and releases before anybody else, Eigenphi can benefit from an upcoming conference.
According to EigenPhi’s CEO Xianfeng (Mars) Cheng, “We had to make a solid decision to focus on analytical tools that evaluate MEV as the entrance point of liquidity trading. Google Cloud also played a crucial part in this situation.
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