After launching the main network on Ethereum in mid-December 2020, The Graph today announced that it is merging Polkadot, NEAR, Solana and Celo.
As mentioned, The Graph is a protocol that enables programmers to create APIs, which they call sub-graphs, that can query and index blockchain data. Seen as an open alternative to existing blockchain analytics tools, it provides an infrastructure for on-chain access to data from multiple blockchain chains, with the broader goal of supporting collaboration and interoperability across the decentralized web.
Eva Beylin, Director of The Graph Foundation, stressed the need to work on making Web 3.0 as suitable for developers as Web 2.0. As the organization notes, using a sub-graph does not require that developers have specialized knowledge of the many unique and different characteristics of a blockchain, for example, their basic smart contract language.
Graph already supports Ethereum blockchain, IPFS and POA and supports InterPlanetary file system – a peer-to-peer network for data storage and sharing. Many of the current sub-graphs, totaling more than 7,000, are already published by popular Web 3.0-based DApp developers. Among them are Uniswap, AAVE, Decentraland, and Synthetix.
Now that Polkadot, NEAR, Solana and Celo are merged, The Graph also aims to expand support to Bitcoin, Cosmos, Avalanche, Binance Smart Chain, Flow, and more. Ethereum will continue to be the standard for the Graph Network and its parent token, Graph Token (GRT) – which developers receive when users inquire about the sub-graph – will remain an ERC-20 token.
Ultimately, the enterprise aims to support all first-tier blockchains and become a widely adopted indexing and query solution for all decentralized internet, making the wealth of blockchain data truly available and actionable. As Beilin said:
“We believe in supporting multiple threads so that all developers can efficiently build decentralized applications and accelerate adoption of Web3. Developers can choose the thread that best suits their needs, and it will also help existing Ethereum developers create interoperable applications.”