Real-Time Data for Web3 Applications
Imagine building decentralized applications that can access real-world data as fast and reliably as traditional web services - but with the security and transparency of blockchain technology. The Morpher Data Oracle makes this possible by providing real-time price feeds and market data at a fraction of the cost of traditional oracles.
Why Choose Morpher Oracle?
- Lightning Fast Updates: Get access to real-time market data without the typical blockchain delays
- Cost Effective: Pay only for the data you actually use, with no subscription fees or minimum commitments
- Secure & Reliable: Built on proven blockchain technology with multiple data providers ensuring reliability
- Easy Integration: Simple to integrate into both new and existing decentralized applications
Decentralized Data Providers
A network of diverse and decentralized data providers, enhancing security and decreasing trust dependencies.
Economic Alignment
Built-in on-chain pay-per-use model for seamless and barrier-free usage with on-chain settlement.
ERC-4337 Extension
Our innovative architecture is an extension to ERC-4337 account abstraction, building on existing infrastructure.
Unlimited Data Sources
From New York Stock Exchange to crypto pairs to cross-blockchain state queries.
Easy Access
Pay-per-use in real time without the need for registration or API keys.
Insured Data
A decentralized model for trust using a unique reputation system with insurance built-in.
How It Works
The Morpher Oracle uses an innovative approach to deliver real-time data to blockchain applications. Instead of the traditional method of storing all data on-chain, which can be slow and expensive, we use a hybrid system that provides the perfect balance of speed, cost, and security:
- Real-Time Updates: Data providers continuously monitor and validate market prices and other data points
- On-Demand Delivery: Your application only requests and pays for data when it’s actually needed
- Verified Accuracy: All data is cryptographically signed and verified before use
- Cost Optimization: Smart bundling of transactions reduces gas costs and improves efficiency
ERC4337 Extension
HIGH LEVEL
How the Protocol Works
At its core, the Morpher Data Oracle protocol operates by intertwining user operations with necessary oracle data within a single transaction bundle. Here’s a high-level overview of the process:
- User Interaction: An end user interacts with a DApp client built using the modified AbstractionKit.
- Data Requirements Fetching: The client retrieves the data requirements from the DApp’s data-dependent smart contract.
- User Operation Creation: Based on these requirements, the client creates a data-dependent user operation.
- Bundling: The modified bundler estimates gas limits and ensures the user operation’s validity, including the associated oracle data consumption.
- Transaction Execution: The bundler packages the user operation alongside a storeData operation and sends the bundle to the ERC-4337 entrypoint.
- Data Handling: Within a single transaction, the oracle data is stored and consumed, enabling the end user to perform actions such as minting stablecoins.
Developer Tutorial
We have created a full step-by-step developer tutorial with a working NFT DApp using the Morpher Oracle. If you are looking for a thorough introduction into the Oracle and see it in action, then this is for you!