As anyone that understands cryptocurrency on a fundamental level, the oracle layer has vast potential to be “the next big thing” in the world of crypto.
That’s why we are excited to announce that Ankr and DIA are setting up a partnership to extend provision of blockchain data across a multitude of chains. DIA will leverage Ankr’s node operation infrastructure in order to make a wide range of data points available via its open-source Oracle suite.
As the DeFi ecosystem grows to new heights, the demand for transparent and auditable data also extends to breadth of coverage. DIA and Ankr will work together to meet this demand and efficiently set up nodes across a wide range of chains.
But whats more, this partnership will help us further improve our B2B product offering and create the very best solutions to specifically meet the DeFi ecosystem’s growing demand for oracle-based data delivery.
Financial instruments, both in CeFi and DeFi, rely on accurate and up to date information. The need for useful data in a trustless environment is paramount, especially when billions of USD in TVL rely on protocols to function as expected.
“We realize that the decentralized oracle market is heavily dependent on reliable on-chain data, which can easily be fetched by oracle providers through running full nodes on Ankr. DIA will not only be an Enterprise client for us, they will also help us better understand the needs of oracle providers, so we can cater to the needs of this emerging market.” said Chandler Song, CEO of Ankr
Leveraging Ankr’s full node solutions to power oracles
DIA will begin operations by setting up nodes for Bitcoin and Dash to read out and make available via oracles data points including circulating supply, block sizes, block height, hash rates, transaction sizes, transaction volumes among others. Further nodes will be set up in the future to provide broader data coverage.
“We are excited to work with teams like Ankr that enable us to expand our data offering quickly, on-demand and without large overhead”, Samuel Brack, CTO of DIA says. “The large range of nodes and the full service support offered is very attractive for projects that are looking to scale fast.”
Operations will begin soon, with Dash and Bitcoin blockchain metadata available via DIA’s oracle suite, as will be documented in DIA’s documentation.