How SmartWhalesAI Reduced RPC Maintenance Costs by 5X with Blocklith

Overview

SmartWhales simplifies crypto trading by allowing users to copy the strategies of top traders, or “whales,” across various EVM blockchains. It automatically tracks whale trades in real-time, enabling users to make similar moves quickly. This approach opens up trading to beginners by providing a direct way to learn and benefit from the expertise of successful traders without needing deep market knowledge. The platform is designed to be straightforward to use, lowering the barriers for newcomers to start trading in the crypto market. SmartWhales focuses on making trading accessible to everyone, offering a chance to grow their investments by following proven strategies.

SmartWhales leverages the Blocklith Streams API to offer its users a platform for copying trading strategies across multiple blockchains such as Ethereum, Arbitrum, and Optimism. Initially facing challenges with efficient blockchain event monitoring, SmartWhales found a solution in using Blocklith Streams to provide the necessary real-time blockchain data.

The Challenge

Monitoring on-chain events accurately and affordably was a significant hurdle for SmartWhales. Their bespoke system was not only costly but also demanded continuous upkeep, posing a risk of downtime, which could adversely affect their trading platform.

The Solution with Blocklith

SmartWhales found the all-in-one solution for their real-time EVM event listening needs in Blocklith’ Streams API. Using Blocklith Streams allowed them to move away from building a challenging, in-house event bus using multiple third-party APIs and libraries. Instead, Blocklith’ comprehensive Streams API for on-chain events significantly simplified Smart Whales’ operations.

Results Achieved

The adoption of Blocklith Streams API brought with it some transformational benefits for SmartWhales:

Cost Reduction: The switch to Blocklith resulted in substantial savings, with SmartWhales experiencing a fivefold cost reduction for its on-chain event monitoring.

Maintenance Reduction: Using Blocklith eliminated the need for continuous system and server maintenance, allowing SmartWhales to focus on product enhancements.

Reliability: Blocklith’ robust Web3 API for real-time data ensured uninterrupted service, which is crucial for a trading platform.

Operational Simplification: Blocklith’ cross-chain support enabled SmartWhales to easily scale their services across various blockchains without adding operational complexity.

Conclusion

SmartWhales’ use of Blocklith Streams API underscores the impact of selecting a solid technology partner. This collaboration both streamlined SmartWhales’ processes as well as enhanced the user experience by providing reliable, real-time blockchain data.

Explore how Blocklith can transform your blockchain project: moralis.com.

Discover the future of on-chain trading with Smart Whales: smartwhales.ai