DeFi

Wallet Evolution powered by ZettaBlock

Published

9 months ago

7 May, 2024

ZettaBloc

San Francisco, California, May 7, 2024 (GLOBE NEWSWIRE) — Crypto.com is a leading global cryptocurrency platform with over 80 million customers worldwide. Its suite of products includes the Crypto.com app, the Crypto.com prepaid Visa card, a mobile DeFi wallet for asset management and much more. Recently, Crypto.com added Arcade Degen to its DeFi wallet, improving user experience with easy exchange of memecoins and insights into asset balances and on-chain interactions. This feature, aimed at simplifying trading and discovery of trending memecoins, once again demonstrates Crypto.com’s commitment to user-centric innovation, as well as the challenge of real-time data processing faced by wallet providers.

This article provides an in-depth analysis of the essential infrastructure requirements for maintaining robust wallet systems and meeting real-time demands for user balance and holding queries, powered by ZettaBlock.

“ZettaBlock’s prebuilt APIs have been instrumental for Crypto.com in streamlining access to real-time balance and price data, significantly reducing costs and reducing our infrastructure overhead. This solution not only helped us avoid the challenges of data silos, but also improved our user experience. with its low latency performance, leading to improved retention and satisfaction. – Terence Chen, Product, DeFi Wallet @ Crypto.com

Degen Arcade – Revolutionizing Memecoin Trading
Serving more than 80 million customers worldwide, Crypto.com’s focus on high-quality UX is underpinned by advanced and reliable data infrastructure. The platform faces the critical task of providing real-time data updates and accurate visualizations, both essential for enabling users to make accurate decisions. Degen Arcade, a memecoin trading platform, offers a seamless and intuitive experience with fast and reliable data processing. Users can easily monitor wallets, execute quick trades, and earn rewards with the DegenScore points system.

The challenge: developing intuitive, real-time trading functionality
Developing the Degen Arcade feature of the DeFi wallet presented Crypto.com with many challenges. The key was to ensure that data from multiple blockchains was accurately decoded and accessible in real time. Overcoming the high latency of existing data indexing solutions was crucial to providing users with immediate access to their portfolio information. Additionally, integrating data from 38+ chains and 4,000+ tokens, while avoiding data silos and isolation in the Web3 space, proved complex. Creating a scalable, low-latency public API that could grow with the platform’s user base while providing comprehensive, easily understandable metrics was another significant hurdle, involving development and implementation resources. substantial maintenance.

The story continues

The costs of creating an in-house solution that would solve the above challenges would be enormous (with an estimate of over $1 million) and would require hundreds, if not thousands, of hours of development and maintenance.

Solution: ZettaBlock’s robust infrastructure
ZettaBlock’s infrastructure solution plays a central role in enhancing the Crypto.com DeFi portfolio, particularly Degen Arcade. Our scalable and versatile infrastructure ensures easy access to reliable, high-quality data:

High-quality on-chain data for a multiplicity of chains, as well as crucial off-chain data, such as pricing, with the ability to join different data sources.
Automated data pipelines, meaning no management effort is required to create pipelines, while users still have the option to view various different metrics within the DeFi wallet.
Ready-to-use scalable database to store various generated tables.
THE Public API has very low latency and can handle high QPS (multiple concurrent queries executed do not negatively affect the platform), making it very reliable with high availability.

Overall, this solution allows Crypto.com to grow its ecosystem and ensures users get the best Web3 platform experience.

Conclusion: a new era in DeFi trading
The synergy between Crypto.com and ZettaBlock represents a revolutionary advancement in DeFi trading. By integrating ZettaBlock’s innovative real-time data solutions, Crypto.com has enhanced the trading experience with new features such as Degen Arcade, providing improved efficiency and user engagement.

Pre-built APIs to accelerate your time to market 10x
ZettaBlock’s suite of prebuilt APIs, particularly the Price API, plays a crucial role in streamlining the process of developing wallet features such as Degen Arcade. This API provides developers with instant access to the latest price data for any token, eliminating the need for extensive back-end data processing.

By integrating this powerful tool, Crypto.com was able to significantly accelerate the development and launch of new features, ensuring that users always have access to the latest and most accurate pricing information.

Like what you see? Developers looking to create new wallet applications or streamline their current development processes can take advantage of our PreBuilt Wallet and Price APIs. Find out how to create your own portfolio from scratch with our pre-built APIs, sign up for free access to ZettaBlock here.

Join us in shaping the future of DeFi!

CONTACT: natalia.trybala (at) zettablock.com

Fuente

Up Next

More DeFi protocols could snub US users as crypto airdrops explode – DL News

Don't Miss

ChainGPT Pad Launches OMNIA Protocol to Improve and Secure Web3 for DeFi Users via DePIN and MEV

CoinFlix Staff

We are the editorial team of CoinFlix, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on CoinFlix, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

Click to comment

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign