Project highlights
Chainsight is an advanced on-chain data hub that aggregates data from various markets and makes it accessible on-chain. Any data can be accessed from smart contracts, including data that can be retrieved from HTTPS endpoints on the web, results calculated from huge amounts of data, and states from other chains.
Web3 advantages
All data is on-chain and the threshold signature allows data to be synchronized to other chains without an off-chain bridge. This means that applications on the on-chain, such as DeFi, can refer to the data, which is difficult to achieve with applications that store data on Web2.
How is it built
Chainsight combines multiple canisters to create a data pipeline, which allows the necessary data to be operated efficiently.
- Indexer: stores data to be indexed on-chain. You can select any data source according to your purpose, such as Ethereum Node, and a http endpoint. Collecting raw data is the responsibility.
- Lens: processes data to be another information, with calculation, combination, or formatting. You can add any logic in Rust with exiting libraries.
- Relayer: syncs data to the destination chain at any time-interval. In the synchronization, we don’t need to use a bridge but to sign it directly with Threshold ECDSA to be secure.
These components can be built from YAML files to WASM by the Chainsight CLI and deployed. This CLI is written in Rust.
Internet Computer superpowers
HTTPS Outcalls are used to retrieve and store data on-chain, and Threshold Signature Scheme is used to synchronise that data with the external chain.
Go-To-Market strategy
We provide clients with customized data to meet the demands of Oracle. Many projects in emerging chains are seeking reliable, affordable, and flexible data sources, and we offer valuable solutions for this demand. In fact, some customers have already begun using our oracles in their production environments. The sales data provided is indexed on Chainsight, making it even more efficient by network effects.
Monetization
We monetize the oracle development and the subscription to some tools for analyzing the indexed data.
Resources
LP: https://chainsight.network/
X: x.com
Discord: Chainsight
Future Plans
The back-end has been optimized to efficiently provide oracles while keeping costs in mind. Additionally, we are implementing a signature component to allow data to be provided outside of EVMs, such as Solana.
Meanwhile, the data available on Chainsight is increasing daily and includes not only RWA data, but also quantitative stablecoin rating scores, as well as volatility indicators and other data for risk assessment of assets.