The State of Web3 Indexing

Indexing is the unglamorous backbone of every serious Web3 product. The real question is whether you’re managing indexers - or starting with finished data.

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  • No infrastructure to manage
  • Enterprise SOC 2 Type 2
  • Multi-chain support

The Challenge

Building Indexers Is Hard. Maintaining Them Is Harder.

Whether you're building a wallet, DeFi dashboard, tax engine, or analytics stack, you're solving the same problem: turning noisy onchain data into fast, reliable, queryable datasets.

  • Backfills

    Backfills are slow and painful.

    Re-indexing large amounts of historical data takes time and compute, and becomes increasingly hard to manage as schemas and requirements change.

  • Operational ownership

    Managing indexing infrastructure is a full-time job.

    Running indexers across multiple chains means owning nodes, pipelines, scaling, monitoring, and ongoing maintenance.

  • Analytics Overhead

    Indexing isn’t the end of the data pipeline.

    Analytics and BI teams still need indexed data reshaped into warehouse-friendly tables before it’s usable.

See how Moralis solves this

The Indexing Ecosystem

Two Approaches to Web3 Data

  • DIY Indexer Frameworks

    Your team owns schemas, indexing logic, infrastructure, backfills, and reliability.

    1. The Graph

      Decentralized subgraph protocol

    2. Ponder

      TypeScript-native indexer framework

    3. Subsquid

      ETL-style indexing + data lakes

    4. Envio HyperIndex

      Ultra-fast EVM indexer

    5. SubQuery

      Multi-ecosystem indexer toolkit

  • Managed Data Products

    Schemas, decoding, infrastructure, scaling, and reliability are handled for you.

    • Pre-built schemas & mappings

      No indexer configuration required

    • Decoded & enriched data

      Ready to use immediately

    • Production-ready infrastructure

      SLAs, monitoring, scaling included

    • Custom indexing available

      Managed backfills and warehouse delivery when you need it

How Do They Stack Up?

A detailed comparison of indexing solutions across key factors that matter to your team. Choosing the right data provider determines how much infrastructure your team has to run.

Feature Moralis Data APIs Moralis
Data Indexer
The Graph The Graph Ponder Ponder Subsquid Subsquid Envio Envio SubQuery SubQuery
Schema Design Ownership Pre-built by Moralis Defined with Moralis (you specify target schema; Moralis operationalizes it) You define subgraph entities You design the database schema You design the squid schema You define event mappings You define project schema
Setup Requirements API keys only (no schema or infrastructure) API access (schema defined with Moralis) Schema design + infrastructure provisioning + pipeline configuration Schema design + infrastructure provisioning + pipeline configuration Schema design + infrastructure provisioning + pipeline configuration Schema design + infrastructure provisioning + pipeline configuration Schema design + infrastructure provisioning + pipeline configuration
Infrastructure Ownership Fully managed by Moralis Fully managed by Moralis Typically your team (self-hosted or hosted services) Typically your team (self-hosted or hosted services) Typically your team (self-hosted or hosted services) Typically your team (self-hosted or hosted services) Typically your team (self-hosted or hosted services)
Backfill Responsibility Pre-indexed Managed large-scale backfills Team runs and monitors backfills Team runs and monitors backfills Team runs backfills (Archives available for batch ETL) Team runs and monitors backfills Team runs and monitors backfills
Multi-Chain Support Multi-chain via unified APIs Multi-chain; scope defined per project Varies by subgraph/network deployment Varies by implementation EVM chains EVM focused Multi-ecosystem (Polkadot, Cosmos, EVM)
Bring-Your-Own Schema Not applicable (pre-defined schemas) Yes (with Moralis) Yes Yes Yes Yes Yes
Data Enrichment Built-in decoding & enrichment Available via managed pipelines Requires custom enrichment pipelines Requires custom enrichment pipelines Requires custom enrichment pipelines Requires custom enrichment pipelines Requires custom enrichment pipelines
Enterprise SLAs & Compliance SOC2, uptime SLAs included SOC2, uptime SLAs included Depends on indexer operator and deployment Depends on hosting model and operator Depends on hosting model and operator Depends on hosting model and operator Depends on hosting model and operator
Data Warehouse Delivery Available via data export Native Snowflake/BigQuery/S3 Requires custom ETL You build the pipeline Possible via custom output Requires custom work Requires custom work
Maintenance Responsibility No indexer maintenance Minimal oversight required Requires dedicated team Requires dedicated team Requires dedicated team Reduced if hosted Reduced if hosted
Typical Use Cases Wallets, dashboards, dapps Enterprise data teams DeFi protocols with GraphQL needs TypeScript teams wanting full control Analytics-heavy workloads High-performance EVM indexing Polkadot & multi-ecosystem

Ready to skip the complexity? Try Moralis

Full Data Products, Not Just Indexers

Data API

Cover application data needs without building or operating custom indexers

A unified API layer across multiple chains that gives you instant access to wallet data, token positions, NFTs, transfers, and decoded transactions - fully production-ready.

  • No schema definition Pre-built, maintained, and optimized for you
  • Decoded & Enriched No raw log parsing - get structured data instantly
  • Enterprise-Grade SLAs, rate limits, monitoring, and 24/7 support

Data Indexer

Custom indexing, without owning indexing infrastructure.

For the 10-20% of cases where you need custom pipelines and warehouse-native tables - we handle the indexing, backfills, and streaming. You get data in your Snowflake, BigQuery, or S3.

  • Define events/contracts with our help
  • We run historical backfills at scale
  • Real-time streams kept in sync
  • Delivered to your data warehouse
  • SOC 2 Type 2 certified, with custom SLAs & enterprise support

Choose Your Path

DIY Indexer Frameworks


Best For:

  • Full control over schemas
  • Niche/experimental protocols
  • Dedicated infra teams

Tradeoffs:

  • Slow backfills
  • Ops overhead
  • Maintenance burden

Tools: The Graph, Ponder, Subsquid, Envio, SubQuery

Moralis Data APIs

Best For:

  • Wallets & dashboards
  • Fast time-to-market
  • Multi-chain support

Benefits:

  • No indexing infrastructure to operate
  • Production-ready
  • Instant setup

Covers 80 - 90% of use cases

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