SubQuery Network Excited to Announce its Launch on Acala
- A SubQuery is excited to announce its launch on the Acala parachain.
- A major factor for SubQuery’s decision was Acala’s upcoming EVM+ launch.
- Both have a common vision to grow the Polkadot ecosystem.
A leading data indexing solution in Polkadot, SubQuery is excited to announce the launch of SubQuery Network on the Acala parachain. SubQuery and its SQT token will be the first external application and token to launch with Acala.
Furthermore, Acala is an Ethereum-compatible smart contract platform optimized for DeFi and scaling DApps to Polkadot. SubQuery considered a variety of options before electing to deepen its existing partnership with Acala by launching its leading DeFi protocol built on Polkadot.
Accordingly, the three main reasons for the launch with Acala were community access, domain/technical excellence, and the existing robust relationship. A major factor for SubQuery’s decision was Acala’s upcoming EVM+ launch. SubQuery puts its community first, both developers building future SubQuery projects, and investors that want to be a part of the decentralized data revolution.
Acala’s EVM+ users can also link their Ethereum addresses with their Polkadot addresses overcoming the need to manage multiple accounts.
The SubQuery will work together with the core Acala development team to help deploy the first version of the SubQuery Network as a smart contract in Acala’s EVM+. During the incentivized test network launch SubQuery is pushing Acala’s EVM+ to the limit with performance and load testing to ensure that it will scale to billions of daily API requests.
Even more, the Founder and CEO of SubQuery, Sam Zou, mentioned,
“ We have ambitious growth plans, but our home will always be Polkadot. By partnering with Acala, the best DeFi platform on Polkadot, we have absolute confidence in their ability to help us not only in our token launch but also in future areas such as micropayments for indexers across networks”.
Both SubQuery and Acala have a common vision to grow the Polkadot ecosystem. And help the world move towards a decentralized future. SubQuery and Acala are natural partners having established a trusted relationship from the genesis of SubQuery till now.
Eventually, Acala Co-Founder, Better Chen mentioned, “ Acala will play the role of DeFi hub for Polkadot and a landing pad that aggregates assets and liquidity from a variety of blockchains. We are excited to be able to continue our close relationship with SubQuery and launch the SQT token and SubQuery smart contracts on our platform.”
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
