Ethereum layer 2 scaling solution Polygon, in an effort to make cryptocurrency data more transparent, has made its data freely available on Google’s BigQuery tool.
BigQuery is one of the most popular data analytics platforms worldwide. The platform makes it simple to query on-chain data in a simple, organised manner on the cloud using standard SQL syntax. The platform enables you to perform the same or similar queries on multiple blockchains at once and compare them, or track cross-chain activity on interoperable tokens.
Some of the key figures that can be determined using BigQuery:
- Track gas costs over time
- Monitor a smart contract’s calls and activity
- Check the number of monthly active addresses on the Polygon Chain blockchain
- Integrate with traditional financial record processing systems
- Determine the most active/popular tokens, contracts, or applications on Polygon
- Audit groups of transactions
This public dataset is included in BigQuery’s 1TB/month of free tier processing. This means that each user receives 1TB of free BigQuery processing every month, which can be used to run queries on this public blockchain dataset.
By making this data set freely available, it allows any individual to carry out specific analysis with on-chain data to derive custom insights. In the bigger picture, by having this data available it shows clear transparency to what the state of the blockchain is and the various important performance metrics that one might want to use to gain insight into the ecosystem.
Polygon Carving Out Their Spot
Formerly known as Matic, Polygon has seen explosive growth in the last six months in daily active users, transactions, and total value locked (TVL). The growth accelerated after major DeFi projects like Aave, SushiSwap, Curve, 1inch Network, and others decided to expand to Polygon – attracting plenty of Ethereum users and billions of dollars worth of liquidity. The platform was also recently the recipient of an undisclosed investment from billionaire entrepreneur Mark Cuban.
Google’s Cloud division has collaborated with other cryptocurrency projects like Chainlink and Theta Network in the past. Both projects used Google Cloud for their computing needs.
