2021 was a big year for blockchain technology. A new generation of blockchain innovations emerged across major industries and we saw a rise in the adoption of blockchain-driven business solutions. The tremendous growth of digital assets based on blockchain led to reconsidering their investment potential and to a shift in the perception about their role in our world.
Millions of people joined the crypto ecosystem and the number of transactions with digital assets soared. Enterprises and institutions started realizing the benefits of integrating blockchain solutions to support their core operations effectively. New protocols and tokens emerge every day and we see more diverse blockchain-inspired trends like Metaverse and NFTs taking over the world.
2021 was big for Crypto APIs, too, because our blockchain infrastructure development platform evolved as well. We revamped our architecture, fixed all bugs, increased the performance, added multiple new improvements, and expanded our technology stack to create the ultimate suite of data, tools and services for blockchain development.
Crypto APIs now has a robust auto-scalable infrastructure, offers support for more than 160 unified endpoints,+30 networks and runs at a lightning fast speed. It also features a multi-currency wallet as a service functionality, protected with the highest cryptographic security protocols and keyless signing verification.
We wanted to create a product that is not just better and faster than the previous, but to offer something unique to our clients that can be easily tailored to their business needs. By utilizing Kubernetes and the OpenAPI V3 specification we are now able to offer the most comprehensive infrastructure for blockchain data, tools and notifications. It has 25 ms average execution time, unified endpoints, auto-scalability and unlimited customization options.
We understand that businesses and institutions wanting to integrate blockchain into their operations need to rely on stable network architecture, data and tools, strong technical expertise and advanced security. Our solution can now serve over 25,000 requests per second without any changes in the execution time. It can be scaled to any size without compromising the integrity and performance of the whole system.
We stress tested our infrastructure multiple times by running tens of thousands requests per second and they were handled with ease and had no effect on the response time.
Crypto APIs has processed over 1.5 billion requests, sent over 10 million callbacks and performed over 1 million HD wallets xPub syncs since its launch in March 2021. And this is just a fraction of our infrastructure’s capability.
We are now able to better serve the needs of the crypto and blockchain development industry and to enable more businesses, organizations and institutions to take part in building the foundations of the Web 3.0 ecosystem.
We end the year with a full product suite including Wallet as a Service, Blockchain Data, Blockchain Events (Webhooks), Blockchain Tools, Blockchain Automations and Market Data, while we keep working on multiple new integrations. Our solutions are used by hundreds of companies, including market leaders such as Ledger, CoinStats, CoinSwitch Kuber, Nexo, Enjin and many more.
As this is just the beginning. The global blockchain market is projected to grow to over $67 billion by 2026, according to a recent report. This decentralized blockchain-based ecosystem would need to rely on a stable infrastructure to operate and scale easily. We are here to provide it and we are ready to take on a leading position as a reliable technology provider.