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Keep moving forward @irys_xyz
There are contradictions in the DeFi industry
Although the trading process has already achieved decentralization
The core data supporting trading decisions
And the ecological development is still firmly controlled by centralized platforms
On-chain data seems open and transparent, but it is not
① PumpFun's trading records
② Uniswap's trading volume
③ Aave's lending information transformed into usable analytical strategies or application models
Developers' dependence on centralized platforms that control API access and impose limits leads to an imbalance between decentralized trading and centralized data, which long-term restricts the development of the DeFi ecosystem
The collaboration between SQD and Irys provides a path to solve this problem
It is not just a simple technology overlay, but through reconstructing the underlying logic of DeFi data, transforming platform-exclusive closed data into public infrastructure that participants can access equally, providing a clear path to solve the aforementioned issues
Specifically, SQD's core role is data structural processing:
Transforming scattered and unordered raw on-chain data into standardized data that includes dimensions such as timestamps, trading volume, and K-line trends, giving the data direct usable value
Irys is responsible for the permanent storage and security of the data: deploying this structured data on a high-performance data chain, eliminating the need to rely on third-party APIs, avoiding access throttling, and mitigating the risk of data loss due to platform shutdowns, achieving data independence and long-term availability
Points to note
The solution provided by SQD and Irys is not exclusive to PumpFun, but a universal model applicable to the entire DeFi field:
① HyperLiquid liquidation
② Curve liquidity pool data
After standardization by SQD and on-chain storage by Irys, it can break free from centralized intermediaries, helping DeFi achieve full-process decentralization of "trading-data-application," rather than just staying at the trading stage
From the perspective of ecological value, the "flywheel effect" of this model is effective
Once data transitions from platform barriers to public resources, creators can profit through authorization and monetization mechanisms, high-quality data attracts developers to create applications, enriching scenarios and generating more data demand, driving more processors to participate, forming a positive cycle of data appreciation-value return-ecological expansion
In summary: The core of the collaboration between SQD and Irys is to transform "data from platform private property" into "ecological cornerstone developers free from API integration troubles," allowing creators to directly harvest value with standardized data, promoting DeFi to break through the limitations of tool innovation. In the future, DeFi will shift from "where to find data" to "how to create value with data."
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