Amberdata has announced the addition of the Avalanche Network to its lineup of supported blockchains. Adding the Avalanche Network gives network participants access to detailed, dynamic data that they can leverage to power research, analysis, trading, and reporting.
Amberdata has created a unique blockchain network data set with many use cases. Proprietary datasets can provide low-latency access to transactions, events, contracts, and logs based on the blockchain of all digital assets.
The data provided will allow institutional investors to analyze and understand smart contract mechanisms in cryptoeconomics.
The Avalanche DeFi system is relatively robust and needs to be updated with the changing times. The addition by Amberdata seeks to accomplish a similar purpose by ensuring his DeFi unique approach to the Avalanche network’s robust DeFi system.
This means that participants will have direct access to real-time and historical block-by-block events at three levels: protocol, asset and wallet.
Institutional investors will have better access to the DeFi data they need to determine asset performance and liquidity and assess how well DeFi protocols are performing. Additionally, participants can better manage their holdings under the consolidation.
The update was shared with the community by Avalanche via a blog post, and the team highlighted a statement issued by Amerdata CEO Shawn Douglass.
Shawn Douglass appreciated that Avalanche has attracted many projects on the network due to its performance, low cost, and high security offering. Sean Douglas’ integration with Avalanche will bring a more comprehensive and high fidelity of his Avalanche network and his DeFi data to institutional investors for research, trading, risk management, accounting functions, and compliance. He added that he will be able to support the efforts.
Luigi D’Onorio DeMeo, Head of DeFi at Ava Labs, believes Amberdata will shed light on Avalanche and Avalanche DeFi for institutions.
Luigi D’Onorio DeMeo added that the initiative will help investors better understand and adopt Avalanche as demand for digital assets and DeFi services increases.
Targeting the world of cryptocurrencies, Amberdata drills deep insights into the digital space to provide comprehensive data. Other segments scanned by Amberdata are Decentralized Finance and Empowerment Financial Institutions.
Financial institutions rely heavily on the data Amberdata provides to trade, research, and analyze before making decisions. Informed decisions can help you stay on the better side in mitigating market volatility and minimizing or avoiding losses.
Avalanche is a smart contract platform known for its speed. time to final decision Maximum number of validators on board. Validators primarily protect the activities of participants in the Proof of Stake protocol.
Avalanche Network users can secure better deals at lower costs. green Prioritize your goals. Smart contracts deployed on Avalanche are known to outperform other players in the industry.