Using Ethereum Nodes

You need an Ethereum node for strategies that trade on Ethereum-based decentralized exchanges, such as Radar Relay, Bamboo Relay, and Dolomite.

Run command config ethereum_rpc_url to use your Ethereum node with Hummingbot.

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Which Ethereum node would you like your client to connect to? >>>

Below, we list different ways that you can access an Ethereum node.

Option 1. Hosted Node

a. Infura

Infura provides free and the most widely used Ethereum nodes.

  1. Sign up for an account on infura.io
  2. Click on Ethereum and Create a project.
  3. Name your project and click Create.
  4. In Keys section and under Endpoints you'll find your Ethereum node as shown in the highlighted area.
  5. The websocket address is below the Ethereum node that starts with wss://

b. QuikNode

QuikNode is a popular and high-performance node service.

  1. Sign up for an account on QuikNode.io
  2. Click on CREATE NODE after verifying your e-mail address.
  3. Select LAUNCH plan as it'll give you free trial (you can upgrade later according to your needs), then choose ETH as chain, select Mainnet as network, click on CONTINUE TO BILLING and complete the billing process.
  4. Under the Nodes section you'll find your new node, click on the node and open the node dashboard.
  5. In Get Started option from left-vertical menu you can find websocket address under WSS Provider starting with wss://, you can simply copy and use it.

c. Alchemy

Alchemy Supernode is the most widely used Ethereum API.

  1. Sign up for an account on Alchemyapi.io after clicking on Get started for free.
  2. Enter your Team name and App name then select Mainnet and click on Create App.
  3. Select the plan according to your need and complete the billing process.
  4. Now you'll see the dashboard of your app.
  5. The websocket address starting with wss:// is below the http address in the Update Configuration section.

Option 2. Run your own local node

The most decentralized way to access an Ethereum node is to run your own node!

Running your own node may require dedicated storage and compute, as well as some technical skills. These are the two most widely used Ethereum clients:

Note

These may require several hours to days to sync and may require some troubleshooting when first running.

Option 3. Dedicated blockchain hardware

Get dedicated hardware for your Ethereum node. Ethereum nodes are meant to run constantly 24/7 and use up a material amount of computational resources (CPU, RAM, and storage). For more serious users, it may make sense to use dedicated hardware.

Software

  • DAppNode is software that automates the installation and operation of Ethereum (as well as other blockchains) on dedicated hardware.it easier to start and operate an Ethereum node and can run other blockchains.

Hardware