PARSIQ is a platform that allows developers to process real-time and historical data from the blockchain. It acts as a search engine for blockchain data, providing quick and easy access to valuable information. The company has been focused on data since its inception in 2018 and has developed various products to meet the needs of its clients.
One of these products is Tsunami, which is a data index API that stores data in databases reflecting the structure of the data. This allows for faster and larger data retrieval. Another product is Data Lakes, which provides access to specific data of a particular protocol. PARSIQ also offers custom web3 APIs for developers who need customized solutions.
The blockchain industry needs PARSIQ’s solution because accessing web3 data can be challenging and time-consuming. By indexing and organizing the data, PARSIQ simplifies the process and saves time for developers and enterprises. Additionally, the cost of similar services can be high, but PARSIQ offers a more affordable option.
PARSIQ has over 250 clients and partners, including Polygon and Beefy Finance. They constantly receive feedback from these clients to improve their products and scale with them. In terms of their roadmap, PARSIQ plans to add new chains, develop infrastructure, expand their Tsunami API and data lakes, and improve existing products.
Non-technical individuals can benefit from PARSIQ by participating in price speculation of the token. Compared to its competitor The Graph, PARSIQ has a smaller market cap, which presents an opportunity for potential growth. The company is working on gaining attention from the industry organically and believes that its offerings will be valued.
The main difference between The Graph and PARSIQ is that The Graph is a decentralized protocol with open-source subgraphs. However, PARSIQ believes that there is room for both companies to coexist in the market.
In conclusion, PARSIQ provides a valuable solution for accessing and processing web3 data. With its range of products and focus on data indexing, the company is well-positioned to meet the needs of developers and enterprises in the blockchain industry.
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