Tron blockchain was added a few days ago to the crypto-themed datasets collected by Google Cloud BigQuery service that deals with interactive big data analysis.
This allows BigQuery users to query Google Cloud and its machine learning capabilities to obtain real-time data and projections regarding the Tron ecosystem, such as transactions, smart contract interactions, TRX token flows and community engagement.
That of querying data from the crypto world via AI and data warehouse software, is a growing trend with more and more vendors ready to offer their services and more and more crypto information present in the vast virtual space of the web3.
Full details below.
Summary
Google Cloud adds Tron to crypto data list for BigQuery
Recently BigQuery Studio, a data processing service on Google Cloud, added information about the Tron crypto network and its ecosystem to its public dataset regarding the crypto world.
Google Cloud’s BigQuery is a serverless data warehouse that enables the generation of SQL queries to analyze large datasets in real time by leveraging the power of Google’s infrastructure and its machine learning.
This multi-cloud solution enables developers and practitioners to simplify the analysis workflow in the areas of importing, exploring and visualizing the information itself.
The service also features an AI tool that provides assistance in writing code in SQL and Python by suggesting functions, blocks and fixes.
The strong development of the web3 sector, with the expansion in the number of potentially usable repositories within the various decentralized servers, has led Google Cloud to consider the inclusion of crypto-themed data, classified according to the blockchain to which it belongs.
The context around the Tron ecosystem has become a staple within the decentralized application landscape, the crypto network being second on the list of the chain with the most capital locked within it.
Behind only Ethereum in fact, Tron leads the DeFi market with an TVL of $6.63 billion. With the enormous amount of data processed by the Tron network, the inclusion within BiQuery sets represents an opportunity for all industry experts to obtain in-depth analysis and representations of on-chain data history, trc-20 token flows, interactions to smart contracts and overall user engagement.
All this, of course, is offered without the need to rely on individual nodes or indexers, but simply by turning to the Google Cloud platform.
The tech giant’s service continues to refine itself day by day, storing more and more information, ensuring that data sets remain accurate, and integrating new features under feedback from its users.
Currently in BigQuery we can find a large amount of data related to 10 other blockchains besides Tron, namely Arbitrum, Cronos, Ethereum (Görli), Fantom (Opera),Near, Optimism, Polkadot, Polygon Mainnet and Polygon Mumbai.
Big data analysis and querying in the blockchain world: Nansen, ChatGPT and The Graph
Over the years, the burgeoning development of the Web3 community has led to the emergence of a number of services, both centralized and non-centralized, that intend to perform big data analysis, much as Google Cloud’s BigQuery does, in order to offer developers increasingly high-performance solutions for doing interactive crypto information analysis.
The inclusion of Tron within Google’s data warehouse represents just the latest tip of the iceberg of a world that is evolving at an impressive rate.
Testifying to the development of this trend, we cite the news a few days ago in which Nansen Query, a service that provides reliable programmatic access to blockchain data, added the Near network dataset to expand its reach into the decentralized realm.
In May this year, data from Tron was also integrated within it.
Two days ago, ChapGPT also added a plugin that allows its users to leverage Coinmarkecap’s internal data to query the chatbot and obtain data analysis, reprocessing and export.
This allows even those less “technical” in the area of data analysis to gain interesting insights in real time and conduct in-depth research based on the selected topic.
Beyond the last mentioned integrations, it is worth noting the increasingly strong presence of an open-source software created exclusively to track the activities present in the various blockchain applications, which could put a spoke in the wheels of Google Cloud and its expansion projects.
We are talking about The Graph, an AI cryptographic project that aims to help developers make innovative use of data they deem relevant to improve the efficiency of their applications.
The Graph indexes different data within “Subgraphs,” allowing its users to send query requests while receiving immediate and accurate responses.
Many individuals, called indexers and delegators, help the project process the large amount of information and transmit it to end users under the incentive of a crypto reward from network commissions.
To act as indexers or delegators, it is necessary to stake a sum in GRT, a protocol utility token, which is “forfeited” in case of misbehavior.
This technique, in line with game theory and the mechanism behind block validation in Ethereum’s PoS, ensures that the service works perfectly.
Currently, The Graph is used by famous applications such as Aave, Curve and Uniswap and is based on data from more than 45 thousand projects, relying on more than 200 indexers.
Within The Graph it is not yet possible to get data from Tron and the cryptos orbiting within it, but we can count an integration of more than 40 crypto networks.
