Blockchain

Dune Becomes the Most Comprehensive Onchain Data Hub for Polkadot’s 50+ Parachains

Boston, Mass, September 11th, 2024, Chainwire

 

New Integration Expands Dune’s Coverage Across the Entire Polkadot Ecosystem, Delivering Unmatched Onchain Analytics

Zurg, Switzerland, September 11th 2024 Dune, the leading platform for onchain analytics, announces the integration of 50+ parachains from the Polkadot ecosystem. With this expansion, Dune solidifies its position as the most comprehensive data hub for Polkadot, offering unparalleled insights and analytics for developers, investors, and data enthusiasts alike.

Earlier this year, Dune launched support for Polkadot, Kusama, and six parachains. Now, the platform takes a major step forward by expanding coverage to include the entire Polkadot ecosystem. This integration enables users to explore, analyze, and visualize all onchain activities across Polkadot in real time, making Dune the go-to destination for data-driven decision-making.

Polkadot’s ecosystem, known for its diverse and innovative parachains, generates a vast amount of data. Navigating this complex network can be a challenge. Dune’s expanded support simplifies access to crucial onchain data, empowering users to gain deeper insights into Polkadot’s dynamic ecosystem.

The newly integrated parachains include Moonbeam, which specializes in smart contracts and cross-chain DeFi; Acala, known as Polkadot’s hub for decentralized finance; Phala, which focuses on privacy-first DePIN and AI solutions; and Mythos, a protocol bringing AAA decentralized gaming and hugely popular franchises to Polkadot. These integrations, along with dozens of others, position Dune as the most expansive source for Polkadot’s onchain analytics, allowing users to track transaction flows, analyze DeFi activity, and monitor developments in gaming and NFTs—all within a single, comprehensive platform.

FredrikHaga, CEO of Dune shared, “Polkadot and its Substrate-based chains form a vast and complex ecosystem. With this integration of 50+ parachains, our goal is to make that complexity easier to navigate. We want to give people a clear, accessible view of what’s happening across the network, so they can focus on innovation and building with confidence.”

This milestone integration was achieved through Dune’s partnership with Colorful Notion. Together, the teams developed a streamlined process for integrating new parachains, ensuring Dune’s data remains comprehensive, accurate, and reliable.

Dune’s integration also includes enhanced functionality through the Dune API, allowing users to convert any query into a flexible API endpoint. This feature offers greater flexibility for developers and analysts, enabling them to seamlessly incorporate Dune’s data into their own applications.

To learn more about the latest Polkadot integrations, readers can visit Dune’s Polkadot Analytics.

About Dune 

Dune is a leading data analytics platform that democratizes access to onchain data by enabling users to query, visualize, and share insights across various blockchains. With over 700,000 community-contributed data tables, Dune supports comprehensive analysis of tokens, wallets, protocols, and more. The platform’s recent launch of the Dune API extends its capabilities for automated reporting, alerting, and integration into user applications.

For more information, readers can visit https://dune.com/home

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant, you’re a co-creator with the power to shape its future.

 

Contact

Jonathan Duran
jonathan@distractive.xyz

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Watermelon Ecosystem Partners with Biz2X for Embedded Lending & Invoice Financing to Food & Beverage SMEs

2024-09-19T10:02:00Z

Biz2X’s business lending platform to start delivering capital to Watermelon Ecosystem merchants in the MENA Region

NEW YORK and DUBAI, United Arab Emirates, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Biz2X®, a global fintech headquartered in New York City whose small business finance platform is used across countries like the U.S., India and Australia with over $10 billion USD funded to date, today announced that the technology platform is powering a new SME financing program from food & beverage platform company, Watermelon Ecosystem.

This strategic partnership will pair Biz2X’s leading small business financing platform with Watermelon's digital ecosystem of restaurateurs and other F&B entrepreneurs, a growing sector in the Middle East and North Africa (MENA) region. At its core, this deal expands digital access to financing for SMEs, thereby powering economic transformation in the region and supporting the ambitions of food business owners.

Through the Biz2X® digital platform, food businesses that are part of the Watermelon ecosystem will have access to business financing to fuel their growth. Biz2X will generate funding offers for businesses that use the Watermelon platform.

Businesses that use the platform to purchase ingredients and inventory for their restaurants or other food business will be prequalified for access to capital to simplify their purchases, increasing average order value and making transactions more efficient. Merchants that are selling inventory and other goods or services through the Watermelon Ecosystem will be able to finance their outstanding invoices, ensuring they can reinvest faster in their business growth.

Platform financing offers are based on Biz2X’s leading underwriting technology using proprietary data about merchant transaction history derived from purchasing behavior by Watermelon’s clients.

“This deal pairs Biz2X’s leading financing technology platform with Watermelon's digital ecosystem of restaurateurs and other F&B entrepreneurs,” said Omar AlShamsi, founder of Watermelon Ecosystem. “Together, we will support digital access to financing for SMEs to power economic transformation and food security in the region while we support the ambitions of business owners.”

“Thanks to our partnership with Biz2X and its award-winning digital lending technology, food business owners in our ecosystem will have unmatched financial resources to support their growth,” he added.

Key benefits of this partnership:

  • Fast Access to Capital for Merchants: Merchants in Watermelon’s ecosystem gain fast access to financing options through Biz2X’s embedded financing platform, with loan processing times as fast as 24 to 48 hours depending on the lender.
  • Data-Driven Finance Offers: The Biz2X® platform uses a merchant’s history of processing transactions with Watermelon to prequalify them for financing, minimizing document requests and expediting approvals.
  • Seamless Invoice Financing Process: Merchants that want to finance outstanding invoices will enjoy a fast and seamless loan onboarding process, facilitated by the integration of Biz2X’s lending solutions within Watermelon’s platform.
  • Multi-Lender Finance Ecosystem: Merchants will be matched with top offers from multiple lenders, including various banks and alternative finance providers.
  • End-to-End Loan Lifecycle Management: Lenders gain access to continuous digital monitoring of their active loan portfolios, enhancing regulatory compliance and minimizing risk exposure.

MENA lenders that partner with Biz2X can now offer financing thanks to this embedded finance partnership. By leveraging Biz2X’s digital underwriting platform, these lenders, including banks, non-bank lenders and fintechs, can establish customized credit parameters and underwriting guidelines. With access to Biz2X’s comprehensive data ecosystem, they can quickly obtain detailed financial transaction data for each applying merchant, expediting precise credit decisions. This is the latest in a series of Biz2X embedded finance partnerships in the Middle East, highlighting the platform’s wide impact globally.

“Embedded finance for SMEs is the future. Through our Biz2X® platform, we provide timely access to capital with less friction so that businesses can purchase the inventory they need with confidence,” said Rohit Arora, CEO of Biz2X, a subsidiary of Biz2Credit. “Business owners no longer have to wait until they have cash on hand in order to purchase things they need to operate and grow.”

“Vertical software companies like Watermelon see the value of delivering a complete client experience that includes access to financing to fuel their clients’ success. Watermelon is a partner with an excellent business in the food & beverage space. We are proud to empower their merchants with financing that fuels growth,” Arora added.

About Watermelon Ecosystem:
Founded in 2020 by Omar AlShamsi, Watermelon Ecosystem is a B2B marketplace that connects buyers with sellers across the F&B supply chain. Watermelon Ecosystem enables food businesses to communicate directly with suppliers, streamline the purchasing processes, prevent delays, reduce waste, cut paperwork, generate purchase orders and invoices, and use the power of data to generate detailed reports for convenient forecasting, inventory management, and financial analysis.

About Biz2X:
Biz2X® is the digital lending platform chosen by successful business lenders, with more than $10 billion USD funded globally to businesses through the company’s innovative technology. The platform has been chosen for business lending at banks and financial institutions around the world. Lenders choose the platform because they want to transform their lending practices digitally. Biz2X makes this possible through best-in-class technology and AI-powered underwriting models. Visit Biz2X.com for more information.

Media contacts
John Mooney, Over The Moon PR, (908) 720-6057, john@overthemoonpr.com
Charles Groome, Vice President of Growth Strategy, Biz2X, (332) 699-2785, charles.groome@biz2x.com


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