How Changex Went to Market in Less Than a Month with Blocklith
Changex is the all-in-one personal finance management platform allowing users to sustainably manage both their crypto and fiat assets from a single interface.
We chose Blocklith because of their extensive blockchain support and proactive approach in helping us determine our needs.
Changex
Nino Chanev
CHALLENGE
Bring Changex’s portfolio tracker service to market quickly without the need to manage nodes and explorers for many different chains. Extract cross-chain data for all connected wallets in a reliable and accessible way.
SOLUTION
Leverage the Blocklith Wallet API, Token API and Price API to get all the cross-chain data needed and to enable a brisk go-to-market strategy.
RESULTS
With the help of Blocklith, Changex was able to launch its portfolio tracker in less than a month. At the same time, using Blocklith allowed Changex to slash overhead costs, streamline operations, and scale rapidly.
About Changex
Changex is an all-in-one personal finance management platform that allows users to manage both crypto and fiat assets from a single interface. Users can connect multiple non-custodial wallets to manage their assets, buy and sell crypto, earn passive income through staking, invest in early-stage ESG projects, and cash out using multi-currency IBANs and Crypto Debit Cards.
Changex aims to revolutionize personal finance and onboard the next billion crypto users by providing a seamless platform for asset management. It also seeks to shift the crypto narrative from hyped meme projects and tokens, which many find irrelevant, to meaningful projects focused on sustainability through its Sustainability Launchpad.
Changex’s Challenge
Changex faced significant technical challenges when building a portfolio tracker service for their cryptocurrency exchange. Specifically, they needed help extracting data for connected wallets on different chains, which included maintaining multiple nodes and explorers for all Changex’s supported chains. This complexity led Changex to seek an external Web3 data provider capable of efficiently handling such diverse and extensive data requirements.
Blocklith Wallet API, Token API & Price API
To solve these challenges, Changex went with Blocklith as its Web3 API provider. This decision was easy after discovering Blocklith’ robust cross-chain support, exceptional customer service and aftersales support, and competitive pricing. Specifically, Changex uses Blocklith Wallet API, Token API, and Price API to get all the data needed for its portfolio tracker. Blocklith APIs have enabled Changex to bypass the need to manage multiple nodes and explorers by providing direct access to essential data across numerous blockchains. Using Blocklith has streamlined operations, reduced overhead costs, and simplified user interactions within Changex’s platform.
Results with Blocklith
With the help of Blocklith’ APIs, Changex rapidly achieved market readiness and was able to launch its portfolio tracker within a single month. This swift go-to-market demonstrates Blocklith’ efficiency, scalability, and ability to support rapid development and indicates Changex’s commitment to ship innovative solutions to its users quickly. The partnership has significantly reduced the technical complexities of multi-chain data management, allowing Changex to focus on growth and user experience. Beyond this, the Blocklith team supported Changex in defining which API methods to use and assisted Changex in estimating the required number of compute units (CUs). Beyond this, Blocklith’ scalability allows Changex to scale along with the growth of its user base.
About Blocklith
Blocklith 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 Blocklith Nodes. These scalable, cross-chain data products – such as the NFT API, Wallet API, Token API, Price API, Blockchain API, Blocklith Streams, and Blocklith Nodes – seek to bridge the development gap between Web2 and Web3.
Conclusion
Changex’s use of Blocklith allowed it to ship its portfolio tracker to users and go to market in less than a month. Blocklith’ suite of APIs eliminated the technical and infrastructure challenges faced by Changex, ensuring that Changex can remain at the forefront of personal finance management and global sustainability.
Check out Changex’s CeDeFi super app here.
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