Layer-1 Tradfi and DeFi platform Algorand obtained access to SubQuery's data indexing capabilities. This was made known via a recent announcement. It follows from other such achievements- Cosmos, Polkadot and others. 

Data indexing brings a "breath of fresh air" to an industry bogged down with the difficulty of project execution. Developers have to think outside the box to solve problems. SubQuery's open-source SDK, documentation, ongoing support, Developer Grants Programme, and other advantages are now available to Algorand project developers. 

This also includes access to SubQuery's world-class managed hosting service that has a capacity of over 200 million daily requests. As a data indexing leader, SubQuery creates fresh opportunities for developers to do their thing without a data backend. Onboarding DApps via the SubQuery API solves the data issues developers usually have after going live. 

In an industry where data is king, the problems that beset projects usually arise from data handling. There is now no need to deploy third-party servers and face the various security and accessibility issues that come along with that. SubQuery's open infrastructure enables seamless API design, development, and deployment and allows for greater flexibility and functionality. Close-ended APIs frustrate developers who must innovate to remain ahead of their peers. 

Layer-1 Blockchains Thrive With Proper Data Indexing Practices 

Blockchains are constantly inundated with data streams from all sides. Layer-1 blockchains have so many issues-consensus, scalability, gas fees, and more. By creating open interfaces between D'Apps and their corresponding blockchains, many of these issues get resolved without building alternate infrastructure piecemeal. This is one benefit of having an open-source SDK. SubQuery has bridged a gap that previously existed between DApps and their ledgers.

Before now, data indexing took a backseat. Other DApp project components took center stage. Slow transaction speeds, inaccurate results, and an expanded data security footprint were the consequences of these practices, with implications for DApp performance and security. From a multichain perspective, SubQuery opens the door to new possibilities-project expansion and interoperability, Web3 inclusion on all fronts, and plug and improved DApp architecture for better scaling. 

This enhances the end-user experience by allowing seamless business and utility processes to occur within a safe and secure context. As the DeFi and Tradefi space continues to expand, this duality will foster improved access to technologies that will change how people do things. 

SubQuery has also created a new paradigm in onboarding multiple blockchains. The "divide and rule" sentiment that governed previous technology movements is virtually absent in the decentralized industry. The sky is big enough for all the birds to fly. Here, improved data practices with an open-source tool will enable this scenario.