How Nexus Labs Saved 3 Months of Work with Moralis
Nexus Labs is a Web3 platform providing investors with multi-asset portfolio tracking, Web3 data analytics, and launchpad services, empowering users to navigate the complexities of the Web3 ecosystem.
Moralis’ comprehensive API suite has been instrumental in the development of our multi-asset tracker, enabling us to deliver unparalleled data accuracy and reliability across multiple blockchain networks.
Nexus Labs
Joris Langewouters
CHALLENGE
Nexus Labs needed to launch a multi-asset tracker capable of delivering accurate, real-time data across multiple blockchain networks, including Ethereum, Polygon, and Avalanche. The solution required seamless management of ERC20 tokens and native balances, along with scalability and long-term reliability.
SOLUTION
Nexus Labs integrated Moralis’ suite of APIs, with a primary focus on the Token API, to track ERC20 tokens and native balances across multiple chains. The cross-chain compatibility and data reliability of Moralis provided Nexus Labs with the tools necessary to meet their needs, while also enabling future growth.
RESULTS
By adopting Moralis, Nexus Labs saved three months of development time, and Moralis was able to do the work of two full-time positions. The platform now offers a seamless, multi-chain user experience with real-time data accuracy, positioning Nexus Labs to continuously innovate and enhance their service offerings.
About Nexus Labs
Nexus Labs is a platform in the Web3 space that caters to investors. The platform offers features like multi-asset portfolio tracking, Web3 data analytics, and launchpad services, empowering users to navigate the complexities of the Web3 ecosystem with confidence.
Nexus Labs’s Challenge
Nexus Labs wanted to launch a multi-asset tracker capable of providing accurate, real-time data across multiple blockchain networks. To do this, Nexus Labs needed a solution to seamlessly manage ERC20 tokens and native balances across several blockchains, including Ethereum, Polygon, Avalanche, and more. As Nexus Labs sought a long-term solution, Nexus Labs needed a reliable partner that could support its scalability and future growth for a long time.
Moralis APIs
After investigating various offerings, Nexus Labs decided to use Moralis for its blockchain data needs. This decision was based on several factors, including Moralis’ cross-chain compatibility, Moralis’ breadth of features and APIs, and the data reliability of Moralis’ tools.
The most central part of Moralis’ suite of APIs for Nexus Labs is Moralis’ Token API, which allows Nexus Labs to track ERC20 tokens and native balances across chains. However, Nexus Labs already use, or have plans to use, other current and upcoming Moralis features.
Here the full list of Moralis tools Nexus Labs have already or will soon integrate:
- Token API: Enables tracking of ERC20 tokens and native balances across multiple blockchains, ensuring accurate and up-to-date portfolio data.
- NFT API: For offerings insights into the rarity and value of NFTs, enhancing the trading and collecting experience.
- Discovery API: For helping users discover and understand relevant tokens.
- Bitcoin RPC: For expanding asset support, enabling comprehensive tracking of Bitcoin holdings.
- Candlesticks API: For providing detailed, time-series price data for advanced charting and analysis.
Results with Moralis
Using Moralis’ suite of blockchain data tools, Nexus Labs could reap significant benefits. Here’s how Nexus Labs achieved significant time and resource savings, enhanced user experience, and improved platform functionality using Moralis’ APIs.
Time and Resource Savings
With Moralis’ comprehensive blockchain data APIs, Nexus Labs was able to save a full three months of development time, and the equivalent of two full-time resources.
Enhanced User Experience
Nexus Labs users can now track ERC20 tokens and native balances across multiple blockchains with unmatched accuracy, benefiting from real-time data and advanced analytics.
Improved Platform Functionality
Multi-chain support and future API integrations position Nexus Labs to innovate continuously and offer users a seamless, data-rich experience.
About Moralis
Moralis is a leading crypto data provider that helps companies build great user experiences and drive engagement, growth, and revenue in their applications through Moralis’ suite of APIs and Moralis Nodes. These scalable, cross-chain data products – such as the NFT API, Wallet API, Token API, Price API, Blockchain API, Moralis Streams, and Moralis Nodes – seek to bridge the development gap between Web2 and Web3.
About Nexus Labs
Nexus Labs is a comprehensive platform aimed at streamlining investors’ interaction of the Web3 and NFT market. Leveraging cutting-edge technology, the platform offers a suite of functionalities that cover various needs from investors to blockchain gamers, from market data analytics and gaming portfolios to comprehensive tutorials and informational videos.
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