The central theses
- Polygon’s blockchain datasets can now be viewed through the Google Cloud BigQuery tool.
- The integration provides useful metrics for analysis such as the most active and popular tokens, contracts and apps on the network.
- The team said the update will be critical to the network’s growth.
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Ethereum’s popular scaling network, Polygon, has announced that its blockchain datasets are now integrated with Google Cloud’s BigQuery tool.
Polygon data available in Google Cloud
Polygon’s datasets are now available in Google Cloud.
Polygon said the integration with the BigQuery service of Google Cloud will help analysts, data scientists, and developers gain useful insights from Polygon blockchain. Polygon operates a scalable bridge network that runs parallel to Ethereum and works like a “commit chain” that is both faster and much cheaper than the Ethereum mainnet.
The Data Insights platform will support the growth of the network with decentralized applications and its use in the corporate environment.
Google’s cloud division has worked with major cryptocurrency projects such as Chainlink and Theta Network in the past. Both projects used Google Cloud for their computing needs.
BigQuery is one of the most popular data analysis platforms in the world. It leverages the capabilities of Google Cloud Platform (GCP), the same infrastructure that supports products like Google Search, Gmail, and YouTube.
It’s a simple but powerful tool for querying all types of records, including those that come from public blockchains. After data sets are processed, the insights are organized using standard SQL syntax. According to Polygon, the tool acts as an “indexer” for both simple and complex queries that are used in on-chain analysis. For example, it can be used to query multiple blockchains and track the activities associated with interoperable tokens.
Polygon is making progress
For Polygon, the integration is useful to analyze metrics such as the most active and popular tokens, contracts or apps on the network.
At the same time, the analysis tool can make it easier for everyone to monitor transactions and help regulators to analyze the polygon chain more effectively for illegal activities such as money laundering and tax evasion. However, this is often the case with all public blockchains.
The availability of Polygon’s blockchain data in BigQuery’s analytics platform is provided as part of Google Cloud’s Public Datasets program, with which the tech giant has made more than 100 publicly available data sets available from various industries.
Polygon has seen explosive growth in daily active users, transactions, and Total Value Locked (TVL) over the past six months. Growth accelerated after large DeFi projects like Aave, SushiSwap, Curve, 1inch Network, and others decided to expand to Polygon, which attracted many Ethereum users and billions of dollars worth of liquidity.
The latest technical update follows the introduction of the highly anticipated Polygon SDK, a suite of software modules that developers can use to deploy their own polygon-based chains.
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