3 Things You Can Learn from EigenPhi Adopting Google Cloud to Faciliate Transaction Analysis
How EigenPhi Utilizes Google Cloud to Simplify Complex Blockchain Transactions and Foster Innovative Strategies in DeFi
As the pioneer of DeFi transaction analysis and strategy exploration, EigenPhi enjoys the honor of being selected into the Google for Startups Cloud Program. Recently, our CEO, Mars Cheng, got the chance to be interviewed by Google and dive deep into the program, outlining the transformative role of Google Cloud in our operations.
Here are the 3 things we have learned during the beautiful ongoing journey.
Streamlined Focus and Rapid Market Delivery: Leveraging Google Cloud's infrastructure allowed EigenPhi to remain focused on its core value offerings - providing market-leading transaction analytical tools and crafting research that enables DeFi stakeholders to comprehend complex blockchain behaviors and affiliations between entities. The company honed in on building out analytical tools to measure MEV as an entry point of liquidity trading, cutting down its deployment time by an impressive 90%. This decision fast-tracked its products and services, facilitating swifter responses to market needs.
Data Processing Proficiency and Financial Viability: EigenPhi's transition to Google Cloud enables real-time processing and comprehension of vast trading data volumes. The incorporation of Google Cloud's data management and analytics tools, which include BigQuery, Bigtable, Cloud Spanner for data storage, DataFlow, and Pub/Sub for data processing, empowered EigenPhi to explore complex smart contract interactions more thoroughly. Using these sophisticated tools, EigenPhi succeeded in untangling dozens or hundreds of transfers within individual transactions. We achieved this while slashing operational costs by an impressive 70% - a crucial saving for a rapidly expanding startup that needs to demonstrate investor success and financial responsibility. Furthermore, the financial advantage of Google for Startups Cloud Program translated into less pressure on EigenPhi during its expansion phase, aiding in cost reduction while accelerating growth.
Flexibility in Global Scope and Emphasized Security: Positioned across several countries, EigenPhi needed an IT solution that would provide extensive geographic coverage while guaranteeing first-rate security. The practical need for an infrastructure that supports a global audience motivated their decision to migrate systems to a cloud-based provider. The subsequent reduction of a whopping 60% in costs and a twofold increase in efficiency allowed EigenPhi to cater effectively to audiences across Asia, Europe, and North America without compromising their small team's collaborative efforts.
To understand more about how EigenPhi built its Web3 blockchain analysis platform on Google Cloud, visit the post on Google Cloud’s blog post.
Using Google Cloud, our latest MEV Evaluation service is getting more attention from major Order Flow Originators and Order Flow Auction providers. Download the MEV Evaluation booklet to determine how much value your order flow is worth.
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