Evolution of the ZettaBlock-powered wallet

Zetta Block

San Francisco, CA, May 07, 2024 (GLOBE NEWSWIRE) — Crypto.com is a leading global cryptocurrency platform with over 80 million customers worldwide. Its product suite includes the Crypto.com App, the Crypto.com Prepaid Visa Card, a DeFi mobile wallet for asset management, and more. Recently, Crypto.com added Arcade Degen to its DeFi wallet, enhancing the user experience with easy memecoin trading and insights into asset balances and on-chain interactions. This feature, aimed at simplifying trading and discovering trending memecoins, further demonstrates Crypto.com’s commitment to user-centric innovation, as well as the real-time data processing challenge faced by wallet providers.

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

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

Degen Arcade – Revolutionizing Memecoin Trading
Serving over 80 million customers worldwide, Crypto.com focuses on delivering a high-quality user experience by leveraging an advanced and reliable data infrastructure. The platform faces the critical task of providing real-time data updates and accurate visualizations, both of which are essential to support users’ accurate decision-making. The Degen Arcade, a memecoin trading platform, offers a smooth and intuitive experience with fast and reliable data processing. Users can easily monitor portfolios, execute quick trades, and earn rewards through the DegenScore point system.

The challenge: develop an intuitive, real-time trading functionality
Developing the Degen Arcade feature of the DeFi wallet presented Crypto.com with many challenges. The key was ensuring 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. Building a scalable, low-latency public API that could grow with the platform’s user base while providing comprehensive and easily understandable metrics was another significant hurdle, involving substantial development and maintenance resources.

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The costs of creating an in-house solution that would solve the above challenges would be enormous (estimated at 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 vital role in enhancing Crypto.com’s DeFi portfolio, especially Degen Arcade. Our scalable and versatile infrastructure ensures easy access to high-quality and reliable data:

• High quality on-chain data for a multitude of chains, as well as crucial off-chain data, such as prices, 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 ability to view different metrics in the DeFi wallet.

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

• THE The public API has extremely low latency and can handle high QPS (executing multiple queries simultaneously does not negatively affect the platform), making it very reliable with high uptime.

Overall, this solution enables 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 step forward in DeFi trading. By integrating ZettaBlock’s innovative real-time data solutions, Crypto.com has enhanced the trading experience with new features like Degen Arcade, delivering improved efficiency and user engagement.

Pre-built APIs to speed up your time to market by up to 10x
ZettaBlock’s suite of pre-built APIs, especially the Price API, plays a crucial role in streamlining the development process for wallet features like 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 most up-to-date and accurate pricing information.

Like what you see? Developers looking to build new wallet apps or streamline their current development processes can take advantage of our pre-built wallet and pricing APIs. Learn how to create your own wallet 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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