After a successful mainnet launch on Ethereum in December, The Graph is exploring the integration of eight additional Layer 1 blockchains, including Bitcoin.
On February 16, the Graph Foundation announced that it was also considering integrating Bitcoin, Polkadot, Near Protocol, Cosmos, Solana, Avalanche, Binance Smart Chain, and Celo.
The protocol is already running on Ethereum after it launched on December 17, 2020, and supports the InterPlanetary File System – a peer-to-peer network for storing and sharing data. The diagram has also recently been incorporated into several DeFi protocols including Uniswap, AAVE, Decentraland, Gnosis, Balancer, and Synthetix.
Announced in July 2018, the diagram will allow programmers to create application programming interfaces (APIs) called subgraphs to extract blockchain data for decentralized applications based on Web 3.0. The main goal of the project is to enable developers to easily access on-chain data and create dApps.
Graph Foundation director Eva Beylin stated that further chain integrations are an integral part of unlocking the next wave of innovation in the decentralized internet, adding:
“Although the protocol now supports Ethereum and IPFS, The Graph is blockchain independent. We look forward to adding more developers and Layer 1 chains to our community. While The Graph is based on Ethereum, we also believe in uniting the ecosystem in a multi-blockchain future to make Web3 easier to develop and use. “
So far over 7,000 sub-graphs have been provided by over 10,000 active developers.
Inquiry fees and rewards for the log are provided in the native ERC-20 graph tokens (GRT), which also went live when the mainnet launched. At the time of writing, GRT is up 19% in the past 24 hours to $ 2.20 after gaining 215% since early February.
