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Open Indexer Benchmark

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An open, honest, and objective benchmark for blockchain indexers. All results are publicly verifiable, all code is open, and contributions are welcome.

This repository is maintained by Envio but aims to be objective and fair. If you want to add a new use case, indexer, or correction, open an issue or pull request.

All benchmark data referenced on the Envio landing page and in the Best Blockchain Indexers in 2026 comparison article comes from this repository.


Featured Indexers

Indexers included in this benchmark (alphabetical order):


Methodology

Backfill speed: each indexer runs for exactly 1 minute. We measure how many blocks and events were indexed per second. Results are sorted by the most efficient indexer in each category.

All benchmarks run on standardised hardware. RPC provider: Alchemy Growth tier when built-in RPC support is unavailable.

You can enter the cases directory to see code, setup instructions, and run the benchmarks yourself.


Results

ERC-20 Transfer Events

Results of indexing the Rocket Pool ERC20 token contract on Ethereum Mainnet. Stores decoded event logs and aggregates account balances. Inspired by the benchmark used on the Ponder landing page.

Indexer Blocks (blocks/s) Events (events/s) vs Envio
Envio 4,630,634 (77,177/s) 599,038 (9,984/s) baseline
SQD 780,390 (13,007/s) 97,631 (1,627/s) 5.9x slower
Envio RPC 245,999 (4,100/s) 29,529 (492/s) 18.8x slower
rindexer 163,812 (2,730/s) 12,435 (207/s) 28.3x slower
Ponder 30,131 (502/s) 2,663 (44/s) 153.7x slower
SubQuery 13,566 (226/s) 1,320 (22/s) 341.3x slower

See the full breakdown in ./cases/erc20-transfer-events/README.md.


Sentio Benchmark Cases

Six real-world indexing scenarios covering events, blocks, transactions, and traces on Ethereum Mainnet.

Case Description
case_1_lbtc_event_only Simple event indexing of LBTC token transfers. No RPC calls, write-only.
case_2_lbtc_full Complex indexing with RPC calls for token balances and point calculation. Read-after-write.
case_3_ethereum_block Block-level indexing of Ethereum blocks and metadata extraction.
case_4_on_transaction Transaction gas usage indexing.
case_5_on_trace Uniswap V2 transaction trace analysis. Swap decoding from execution traces.
case_6_template Uniswap V2 factory template benchmark. Pair creation and swap event analysis.
Case Sentio Envio HyperSync Envio HyperIndex Ponder Subsquid Subgraph Sentio Subgraph Goldsky Subgraph
case_1_lbtc_event_only 8m 3m 1h 40m 10m 3h 9m 2h 36m
case_2_lbtc_full 6m 1m 45m 34m 1h 3m 56m
case_3_ethereum_block 18m 7.9s 33m 1m 10m 15m
case_4_on_transaction 17m 1m 26s 33m 7m N/A
case_5_on_trace 16m 41s N/A 2m 8m 1h 21m
case_6_template 19m 8s 21m 2m 19m 10m 20h 24m

See the full breakdown in ./sentio-benchmarks-may-2025/README.md.


Uniswap V2 Factory, May 2025

Indexer Time to complete vs HyperIndex
Envio HyperIndex 1 minute baseline
Subsquid 15 minutes 15x slower
The Graph 2 hours 23 minutes 143x slower
Ponder 2 hours 38 minutes 158x slower

Benchmark originally run by Sentio in May 2025. Full breakdown in ./sentio-benchmarks-may-2025/README.md.


Background

This project started in May 2025 as a fork of Sentio's research on blockchain indexer performance. The original repository was later closed and only the fork remained. Envio has since reopened and extended the benchmark to cover new use cases and keep results current as indexers evolve.

We are not affiliated with Sentio. A few changes were made to the original codebase to make Envio usage more idiomatic. The SQD team made similar adjustments for their implementation.

Even though this benchmark now lives under the Envio organisation, the goal is objective and fair comparisons. Contributions from any indexer team are welcome.


Running the benchmarks

See the README in each case directory for setup instructions and requirements:


Contributing

Contributions are welcome. Open an issue or pull request to add a new indexer, add a new benchmark scenario, report a result that looks incorrect, or improve methodology.


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