1/ Funded by the Interchain Foundation, PANIC by @SimplyStaking is an open-source monitoring and alerting solution for blockchain infrastructure operators - monitoring your setup and sending multi-channel alerts.
Let's explore the solution and its benefits 🧵
2/ PANIC’s main objective is to provide node operators with insights on the state of their nodes, whilst quickly flagging issues that could degrade their node availability.
4/ Some of the many benefits of PANIC include:
- Built from the perspective of a node operator with a setup that’s quick and intuitive
- Adjustable alerts to suit the operational needs of the user
- 8 different alert channels
5/ The user interface of PANIC prioritises efficiency - giving an intuitive overview of your infrastructure.
A quick sum up of the three key views of the tool: the Dashboard, Alerts and Systems Overview.
6/ The Dashboard is the default view for the node operator. It highlights any issues that might require intervention across all chains that you’ve configured.
7/ The Alerts Overview provides a chronological record of alerts issued by PANIC. The node operator can filter alerts by chain, severity, and date to review the history of incidents.
8/ The Systems Overview provides the operator with a real time picture of the performance of the host systems. Values are colour coded when they exceed predetermined thresholds.
9/ The installation of #PANIC couldn’t be easier, with support through a guided, step-by-step process.
Inter Blockchain Communication (IBC) entered the world with the Stargate upgrade in April 2021. 18 months since then, IBC has rapidly evolved in terms of usage, adoption & new features. Let’s dive into some of the underlying metrics to showcase this impressive 18 month journey!🧵
1/ When IBC launched in Q2 2021, there were initially 8 interconnected chains. Today the Interchain has grown Quarter-over-Quarter (QoQ) to 49 chains!👇
2/ With limited data on Daily Active Addresses/Users (DAU) - defined as the number of addresses associated with a chain that has initiated at least one outgoing IBC transfer on a given day - we see that the number peaked in March of this year at 1.3 million DAU.
3/ Every blockchain caters to one or more specialized use cases. If these use cases cannot be leveraged across multiple blockchains, it severely handicaps their utility.
IBC solves the problem of blockchains existing as silos with limited interaction.
We welcome @delphi_digital’s decision to join the Interchain!
2/ The team at Delphi Labs want to continue focusing on building and innovating on DeFi applications, with a belief that ‘the world will be increasingly multi-chain, and DeFi applications should architect themselves such that they can deploy natively on multiple chains”
3/ In their thorough search for a new platform to host their innovations, the Delphi Labs team evaluated the Interchain against Ethereum and Ethereum Rollups, Avalanche, Solana, Polkadot, Near and Celestia.