Ethereum L2 Blockchain Scaling Solutions: PARSIQ Launches Tsunami API on Arbitrum One

PARSIQ has launched its “blazing” fast Tsunami API on Arbitrum One.

The Layer-2 Ethereum scaling solution has already “attracted a strong community of users and developers — with Tsunami API, builders can access instant real-time and historical data providing advanced querying functionality and vital monitoring solutions across the ecosystem.”

No longer will it take hours or days “to access and collect data, and no longer will it take weeks to restructure that data.” With PARSIQ, the process “is instantaneous.” Accessing the data for all of Arbitrum has “never been as fast and efficient as it is with the Tsunami API.”

With impressive growth in popularity as an Ethereum L2 optimistic rollup scaling solution — as well as the speed and cost-efficiency of its transactions — Arbitrum One has already “built a thriving DeFi ecosystem.”

A thriving user base and builder friendly ethos makes Arbitrum a great fit for the PARSIQ Network Integration, and they’re “looking forward to working with key players within the ecosystem.”

The Tsunami API “provides users with raw data from the entire Nitro chain. It also provides the ability to apply filtration mechanisms, allowing for the querying of the whole of the blockchain history, for example, by sender, receiver, contracts it interacted with by topic, etc.”

Providing raw data — both real-time and historical — “enables platforms to track any kind of events, metrics, or statistics they desire, such as TVL, liquidity, current and historical token prices, APR, APY, ROI, user balances, and more.”

Speed has always “been a challenge for projects needing to make calls on historical data, revise and update their metrics, analyze the relation of past events, etc.”

As developers will know, this data can often “take a long time to process — from several hours even to days.” With the Tsunami API developers can “query over 33 billion blockchain events in under 1 second redefining what it means to quickly and easily access Web3 data.”

A.J. Warner, Chief Strategy Officer at Offchain Labs, said:

“With the addition of PARSIQ on Arbitrum One, our ecosystem will now have access to real-time and historical data, allowing developers to work intelligently and efficiently. Having obtainable data is a crucial component to any web3 development, and with the addition of PARSIQ, our community will have customizable data packages available throughout the development cycle.”

Tom Tirman, CEO at PARSIQ, stated:

“The explosion of the Arbitrum user base and builder community is nothing short of impressive. At PARSIQ we are thrilled to contribute by introducing our game-changing Tsunami API and an array of powerful indexed data solutions for data aggregators, DEXs and DeFi platforms. We’re excited to play our part pushing forward innovation by tooling Arbitrum builders with all of their data requirements keeping their focus on product and innovation.”

As noted in the update, Offchain Labs is “a venture-backed and Princeton-founded company that is developing Arbitrum, a suite of secure scaling solutions for Ethereum.”

Arbitrum claims it is “the leading layer 2 scaling provider and has two live blockchains — Arbitrum One, an Optimistic Rollup solution and leading choice for DeFi dApps, and Arbitrum Nova, an AnyTrust solution and home for gaming and social dApps including Reddit’s community points.”

Arbitrum’s technologies instantly “scale dApps, significantly reducing costs and increasing speed, without sacrificing Ethereum’s security.”

Porting contracts to Arbitrum “requires no code changes or downloads as Arbitrum is fully EVM compatible.”

In 2022, Arbitrum upgraded “to its new Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM which significantly increased throughput capacity of the network while meaningfully decreasing transaction costs.”

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