Wallet Evolution powered by ZettaBlock

ZettaBloc

San Francisco, California, May 7, 2024 (GLOBE NEWSWIRE) — Crypto.com is a leading global cryptocurrency platform with over 80 million customers worldwide. Its suite of products includes the Crypto.com app, the Crypto.com prepaid Visa card, a mobile DeFi wallet for asset management and much more. Recently, Crypto.com added Arcade Degen to its DeFi wallet, improving user experience with easy exchange of memecoins and insights into asset balances and on-chain interactions. This feature, aimed at simplifying trading and discovery of trending memecoins, once again demonstrates Crypto.com’s commitment to user-centric innovation, as well as the challenge of real-time data processing faced by wallet providers.

This article provides an in-depth analysis of the essential infrastructure requirements for maintaining robust wallet systems and meeting real-time demands for user balance and holding queries, powered by ZettaBlock.

“ZettaBlock’s prebuilt APIs have been instrumental for Crypto.com in streamlining access to real-time balance and price data, significantly reducing costs and reducing our infrastructure overhead. This solution not only helped us avoid the challenges of data silos, but also improved our user experience. with its low latency performance, leading to improved retention and satisfaction. – Terence Chen, Product, DeFi Wallet @ Crypto.com

Degen Arcade – Revolutionizing Memecoin Trading
Serving more than 80 million customers worldwide, Crypto.com’s focus on high-quality UX is underpinned by advanced and reliable data infrastructure. The platform faces the critical task of providing real-time data updates and accurate visualizations, both essential for enabling users to make accurate decisions. Degen Arcade, a memecoin trading platform, offers a seamless and intuitive experience with fast and reliable data processing. Users can easily monitor wallets, execute quick trades, and earn rewards with the DegenScore points system.

The challenge: developing intuitive, real-time trading functionality
Developing the Degen Arcade feature of the DeFi wallet presented Crypto.com with many challenges. The key was to ensure that data from multiple blockchains was accurately decoded and accessible in real time. Overcoming the high latency of existing data indexing solutions was crucial to providing users with immediate access to their portfolio information. Additionally, integrating data from 38+ chains and 4,000+ tokens, while avoiding data silos and isolation in the Web3 space, proved complex. Creating a scalable, low-latency public API that could grow with the platform’s user base while providing comprehensive, easily understandable metrics was another significant hurdle, involving development and implementation resources. substantial maintenance.

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The costs of creating an in-house solution that would solve the above challenges would be enormous (with an estimate of over $1 million) and would require hundreds, if not thousands, of hours of development and maintenance.

Solution: ZettaBlock’s robust infrastructure
ZettaBlock’s infrastructure solution plays a central role in enhancing the Crypto.com DeFi portfolio, particularly Degen Arcade. Our scalable and versatile infrastructure ensures easy access to reliable, high-quality data:

• High-quality on-chain data for a multiplicity of chains, as well as crucial off-chain data, such as pricing, with the ability to join different data sources.

• Automated data pipelines, meaning no management effort is required to create pipelines, while users still have the option to view various different metrics within the DeFi wallet.

• Ready-to-use scalable database to store various generated tables.

• THE Public API has very low latency and can handle high QPS (multiple concurrent queries executed do not negatively affect the platform), making it very reliable with high availability.

Overall, this solution allows Crypto.com to grow its ecosystem and ensures users get the best Web3 platform experience.

Conclusion: a new era in DeFi trading
The synergy between Crypto.com and ZettaBlock represents a revolutionary advancement in DeFi trading. By integrating ZettaBlock’s innovative real-time data solutions, Crypto.com has enhanced the trading experience with new features such as Degen Arcade, providing improved efficiency and user engagement.

Pre-built APIs to accelerate your time to market 10x
ZettaBlock’s suite of prebuilt APIs, particularly the Price API, plays a crucial role in streamlining the process of developing wallet features such as Degen Arcade. This API provides developers with instant access to the latest price data for any token, eliminating the need for extensive back-end data processing.

By integrating this powerful tool, Crypto.com was able to significantly accelerate the development and launch of new features, ensuring that users always have access to the latest and most accurate pricing information.

Like what you see? Developers looking to create new wallet applications or streamline their current development processes can take advantage of our PreBuilt Wallet and Price APIs. Find out how to create your own portfolio from scratch with our pre-built APIs, sign up for free access to ZettaBlock here.

Join us in shaping the future of DeFi!

CONTACT: natalia.trybala (at) zettablock.com

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