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Home DeFi Web 3

Uncovering the Optimal Method for Streaming On-Chain Data – Moralis: The Premier Web3 API Platform for Developers

David Olsson by David Olsson
July 12, 2024
in Web 3
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Uncovering the Optimal Method for Streaming On-Chain Data – Moralis: The Premier Web3 API Platform for Developers
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Are you searching for the best alternative to QuickAlerts? Look no further! In this guide, we introduce Moralis’ Streams API—your ultimate solution for setting up Web3 data pipelines. In doing so, we’ll explore the benefits of the Streams API and compare them to QuickAlerts, highlighting why our service stands out as the industry’s #1 real-time Web3 data solution. Eager to dive in? Check out the comparison chart below: 


For a detailed analysis of the chart, continue reading as we break down the specifics for you!

Want to start using Moralis’ Streams API right away? Sign up with Moralis today and gain instant access to our powerful nodes and comprehensive API suite!

Overview

QuickNode’s QuickAlerts is a real-time Web3 data solution for setting up alerts. However, while it’s a relatively solid solution, it has some significant limitations to consider. Firstly, QuickAlerts restricts you to just one blockchain when setting up alerts. Additionally, it lacks a native recovery mechanism, meaning that if your decentralized application (dapp) experiences downtime, you must manually recover any lost events. Fortunately, there are several prominent alternatives to QuickAlerts, with Moralis’ Streams API topping the list.

Moralis Streams API

Moralis’ Streams API allows you to effortlessly set up Web3 data pipelines with just a few clicks. But how does the Streams API work, and what makes it the best alternative to QuickAlerts? If you’re looking for answers to these questions, join us in this guide as we explain everything you need to know. Let’s get started!

What is QuickAlerts?

QuickAlerts is QuickNode’s alert service designed for monitoring on-chain data changes. This tool allows developers to create custom expressions to target specific blockchain data and events. When changes are detected, notifications with payloads are promptly sent to a designated webhook destination in real-time. As such, with QuickAlerts, it’s possible to monitor DeFi activities, smart contract interactions, NFT events, and much more.

What is QuickAlerts?

What can you track with QuickAlerts?

NFTs: Set up notifications for NFT events, including transfers, mints, etc.

Tokens: Stay informed about changes to tokens, liquidity pools, and more.

Wallets: Monitor transactions to and from specific wallet addresses.

Smart Contracts: Set up alerts for smart contract activities, including transfers, deployments, and other updates.

Now that you have an overview of QuickAlerts, let’s explore some of the service’s limitations.

The Limitations of QuickAlerts

While QuickAlerts offers a solid service for streaming on-chain data in real-time, it has significant limitations that make it less than ideal. Here are the three main drawbacks of QuickAlerts:

Single Chain Monitoring: One of QuickAlerts’ primary limitations is its lack of cross-chain support. Each alert can monitor only one blockchain, requiring you to set up separate alerts for each chain you wish to track. This can quickly become time-consuming and resource-intensive.

No Recovery Mechanisms: QuickAlerts lacks mechanisms for seamlessly recovering undelivered events. As such, if your application experiences downtime, retrieving the missed data becomes both challenging and time-consuming.

Limited Data Payloads: QuickAlerts provides data payloads that are quite limited and contain only basic information. For example, when monitoring tokens, the alerts do not include logos, decimals, or other valuable data.

Given these major limitations, let us introduce you to Moralis’ Streams API—the ultimate tool for setting up Web3 data pipelines to stream real-time data!

The #1 QuickAlerts Alternative – Introducing Moralis’ Streams API

The Moralis Streams API is a top-tier real-time Web3 data solution, offering unparalleled ease of use and functionality. With its intuitive interface, you can effortlessly establish Web3 data pipelines with just a few clicks. In return, you’ll instantly receive updates on wallet or contract events through Web3 webhooks as soon as they occur!

Moralis Streams landing page.

The Streams API delivers exceptional scalability and provides the industry’s most comprehensive real-time Web3 data service, encompassing all major networks, including Ethereum, Polygon, BNB Smart Chain (BSC), Optimism, and more.

Moreover, the Streams API enables you to configure streams for a wide array of events, tokens, wallets, and smart contracts, ensuring the flexibility to accommodate diverse use cases. This guarantees that you have all the real-time on-chain data you need readily available, no matter what platform you’re building.

With this introduction to Moralis Streams, let’s delve into the key benefits of our cutting-edge service!

Benefits of Moralis Streams

Why is Moralis the superior alternative to QuickAlerts? To answer this, let’s explore the main benefits of Moralis Streams:

Comprehensive Chain Support: Moralis Streams supports over 30 blockchain networks, enabling you to effortlessly set up data pipelines for all major chains.

Cross-Chain Monitoring: With Moralis, you can monitor multiple chains within a single stream, eliminating the need for separate data pipelines for each network you interact with.

Guaranteed Delivery: In the event of downtime, Moralis ensures all payloads are securely backed up and fully replayable, guaranteeing 100% delivery.

Fully Enriched & Decoded Data: Moralis Streams offers the most comprehensive data responses in the industry, including token logos, decimals, address labels, balance details, spam indicators, and more.

Unparalleled Scalability: Moralis Streams are designed for scalability, allowing you to manage from one to over 100 million addresses in a single stream without performance degradation.

These features highlight the superiority of Moralis Streams. Now, let’s compare our service to QuickAlerts to underscore the primary differences!

Full Comparison: Moralis Streams Vs. QuickAlerts

Here’s a chart highlighting the main differences between Moralis Streams and QuickAlerts:

Moralis Vs. QuickAlerts comparison chart.

Let’s elaborate on the chart a bit further:

Cross-Chain Monitoring: With Moralis, you can efficiently monitor multiple chains through a single stream, significantly simplifying your workflow. In contrast, when using QuickAlerts, you’re required to configure a new alert for each chain, which can be time-consuming and labor-intensive.

Most Comprehensive Responses: The Moralis Streams API delivers the most comprehensive responses in the industry, providing more data within enriched payloads. For example, Moralis Streams offers significantly more detailed information when monitoring USDC events than QuickAlerts. Moralis’ responses include useful metadata such as token logos, symbols, decimals, and more, ensuring you have all the data you need at your fingertips:

Moralis Streams Response:

    ...
    {
      transactionHash: '0x3858c26ad521b041e0550c90bfd39149131eca657de0a48361b5b7f3f0a6e23f',
      logIndex: '395',
      contract: '0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48',
      triggered_by: [Array],
      from: '0x3fc91a3afd70395cd496c647d5a6cc9d4b2b7fad',
      to: '0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640',
      value: '2361961560',
      tokenName: 'USD Coin',
      tokenSymbol: 'USDC',
      tokenDecimals: '6',
      logo: 'https://logo.developers.moralis.com/0x1_0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48_e6ec22e3ef954a7f9eda04f294938f4d',
      thumbnail: 'https://logo.developers.moralis.com/0x1_0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48_e6ec22e3ef954a7f9eda04f294938f4d',
      possibleSpam: false,
      verifiedCollection: true,
      valueWithDecimals: '2361.96156'
    },
    ...

QuickAlerts Response:

[
  {
    blockHash: '0xfdcb335579a835e4d4cac866ca0777c640c12ad7fe70ae2c33137d45604e4772',
    blockNumber: '0x1356357',
    contractAddress: '',
    cumulativeGasUsed: '0x49b432',
    effectiveGasPrice: '0x1f6f80822',
    from: '0xae2d4617c862309a3d75a0ffb358c7a5009c673f',
    gasUsed: '0xb615',
    logs: [ [Object] ],
    logsBloom: '',
    status: '0x1',
    to: '0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48',
    transactionHash: '0xa42f679bc0753371022810462cc4df117a7596f1387568c5710c41b5fa7dfd35',
    transactionIndex: '0x21',
    type: '0x2'
  },
  ...
]

Unparalleled Reliability: Moralis Streams stands out with its robust native recovery mechanism for undelivered events, ensuring 100% delivery reliability. Any undelivered events are logged under the “Logs” tab, where you can easily replay each event:

Moralis Streams recovery mechanism.

In summary, Moralis Streams offers a superior solution compared to QuickAlerts in terms of cross-chain monitoring, response comprehensiveness, and reliability!

Tutorial: How to Set Up Web3 Data Pipelines with Moralis

When leveraging Moralis’ Streams API, you can easily set up customized Web3 data pipelines at the click of a few buttons. To highlight the accessibility of this interface, we’ll now show you how to monitor USDC transactions in eight straightforward steps:

Step 1: Create a Moralis account, log in, click the “Streams” tab, and hit “+ Create Stream”:



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Tags: APIdataDevelopersMethodMoralisOnChainOptimalPlatformPremierStreamingUncoveringWeb3
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