In a huge integration partnership, The Graph has chosen Polygon’s ecosystem as the basis for a new billing system.
The Graph protocol (GRT) has positioned itself as the Google of Web 3.0, allowing users to index and query networks including Ethereum, IPFS, Celo, and Avalanche.
A market leading blockchain indexing and query protocol, The Graph has slowly dominated the indexing space, becoming the preferred solution for building decentralised applications and products on Ethereum and IPF.
This has seen the protocol unlock supposed ‘blue-chip’ status among Web 3.0 products, and has in excess of 20,000 developers building subgraphs for Web3 applications
In an exciting integration, the Polygon proof-of-stake ecosystem (MATIC) will be used as the highly-scalable network for the billing solution – Subgraph Studio – which allows developers to build, test, and deploy subgraphs and manage their API keys.
MATIC will also help reduce gas costs for users across The Graph platform.
The generation of query fees through API keys incurs a cost for developers, but now all invoices of Subgraph Studio will be generated weekly in the system.
By building this billing technology on Polygon, querying data through The Graph should be continually seamless and will fuel the development of new dApps without excessively high costs.
Developers from around the crypto world have flocked to Polygon for its technological capabilities, and MATIC has become a first choice over other solutions because it enables near-instant and low-cost transactions for both its users and developers alike.
The network’s high-performance and scalable infrastructure facilitate the development of large-scale ideas and concepts capable of ushering in broader mainstream adoption of blockchain technology.
What is The Graph (GRT)?
Originally founded in 2018 by Edge and Node Ventures Inc – The Graph is the indexing and query layer of the decentralised web (Web3).
Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL.
The Graph currently supports indexing data from 22 different networks including Ethereum, Arbitrium, Avalanche, Celo, Fantom, Moonbeam, IPFS, and PoAa with more networks coming soon.
To date, more than 18,000 subgraphs have been deployed on the hosted service and now subgraphs can be deployed directly on the network. ~20,000 developers have built subgraphs for applications such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, Decentraland, and many others.
The Graph allows applications to efficiently and performantly present data in a UI and allows other developers to use your subgraph too!
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.