Blocknative brings transaction transparency to Fantom
We are excited to announce that the Web3 infrastructure company Blocknative has launched beta support for the Fantom Network, enabling the tracking of transactions moving from initiating wallets or smart contracts to the point of consensus validation.
Blocknative tools offer unprecedented granular-level visibility into mempools, which are the “waiting rooms” for transactions not yet included in a block. Mempools are where transactions are organized, gas fees are prioritized, and general block construction begins.
Transactions in the mempool are ordinarily invisible ‒ on block explorers or wallet interfaces, they usually show as pending.
But gaining visibility into what goes on in mempools offers a range of benefits. For example, developers can use the Blocknative platform to monitor network operations and gauge smart contract operation. Developers can even monitor transaction behavior to find exploits before they cause real damage.
Mempool access allows traders to identify when they are being front-run or priced out of a trade by a competing, higher gas fee. For all users, Blocknative can signal when a wallet is stuck, when transactions fail, or when a node rejects transactions. Blocknative’s extensive blog offers further, detailed discussion of the advantages of tracking mempools.
Blocknative tools are customizable to offer real-time transaction event streams and send triggered alerts. The Fantom mainet beta release supports the Blocknative API and SDK, Mempool Explorer, Onboard, and Notify. Future enhancements will include support for Fantom Testnet, Transaction Preview and Simulation, and Gas Platform Fee Estimate.
Fantom users can get started immediately on Blocknative by signing up for a free account.
“Blocknative’s Transaction Orchestration platform levels the playing field for all Fantom users by delivering transparency to all stages of the transaction lifecycle. We are excited to bring our real-time capabilities to the Fantom ecosystem.” ‒ Matt Cutler, Blocknative CEO & Co-Founder
“Blocknative tools will play an important role in helping developers identify vulnerabilities in their smart contracts and enhancing user experience. By tracking transactions as they move through the mempool, Blocknative fulfills blockchain’s promise to bring increased transparency and functionality to user transactions.” ‒ Michael Kong, Fantom CEO
Blocknative is the real-time Web3 infrastructure company, enabling dynamic user experiences and better decisions via pre-chain insights. Blocknative democratizes access to mempool data across multiple chains, including Ethereum, xDai, Polygon, Binance Smart Chain, and Bitcoin, empowers users to see what is happening and what will happen next on public blockchain networks. Founded in 2018, Blocknative powers many forward-thinking Web3 developers, Defi protocols, and infrastructure projects, including Curve, Compound, Synthetix, Balancer, Bancor, Yearn, Badger, Gitcoin, Optimism, Aavegotchi, and the Ethereum Foundation.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.