MultiversX (formerly Elrond): Incorporating Blockchain Data on Google BigQuery
There’s an exciting development for MultiversX, previously known as Elrond. The crypto has now embedded its blockchain data on Google BigQuery, making it easily accessible to all users with a Google account. This integration is a significant milestone that simplifies access to blockchain data.
With MultiversX’s data streams now available on Google, users can obtain information about the network. The MultiversX dataset page provides sample queries for quick use, allowing users to explore details about the latest blocks, daily transaction counts, largest EGLD transfers within a specific period, and the most used smart contracts.
Empowering Developers and Projects with MultiversX on Google BigQuery
This integration is particularly beneficial for developers and projects utilizing MultiversX for their operations. With the help of Google BigQuery, they gain access to a valuable tool for analyzing user behavior and determining product development priorities.
The CIO of the MultiversX Foundation, Lucian Mincu, recognizes the potential of data analysis in improving dApps. He states that having Google solve a significant portion of this problem is a crucial step in making dApps more useful and appealing to the masses.
The integration is made possible through MultiversX ETL, a tool developed by the central team of the Layer 1 smart contract platform. It extracts, transforms, and feeds blockchain data into Google BigQuery at hourly intervals.
MultiversX’s Collaboration with Google Cloud
MultiversX also collaborates with Google Cloud on various Web3 acceleration initiatives dedicated to startups, developers, and hackathons. The project is a partner at the Google Cloud booth during GITEX Global in Dubai 2023.
EGLD Price
As of now, EGLD is valued at $53.41, representing a middle ground between its Christmas 2023 highs above $72 and the October 2023 lows when it reached $22. The price of MultiversX has been volatile in the past month, fluctuating between $59 and $46.
EGLD currently holds the 51st position in terms of market capitalization, with a total market cap of $1.4 billion. Trading volumes have increased by 12% in the last 24 hours.
In November 2023, EGLD was ranked 48th in terms of popularity despite having a price of $40.31 at that time. During that month, MultiversX announced its plans to establish its own hub in Seoul, South Korea.
Hot Take: Embracing Google BigQuery for Enhanced Data Analysis
MultiversX’s integration with Google BigQuery marks a significant step forward for the crypto industry. By incorporating blockchain data into a widely used platform like Google, it becomes easier for users to access information about the network.
Developers and projects leveraging MultiversX can now utilize Google BigQuery to gain valuable insights into user behavior and improve their product offerings. This collaboration between MultiversX and Google Cloud demonstrates the commitment to advancing Web3 technologies and supporting startups in the crypto space.
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