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After launching on ETH, The Graph, which is a Blockchain data indexing protocol, is now considering Polkadot, Bitcoin, and Binance Smart Chain among others after flourishingly opening a Blockchain project on Ethereum in December.
It was also revealed by The Graph foundation on February 16, that it is also going to consider combining Near Protocol, Polkadot, Avalanche, Celo, Cosmos, and Binance Smart Chain.
Also, it should be noted that the protocol that was launched on December 17, 2020, is already running on Ethereum and it also supports a peer-to-peer network for safely storing and sharing data, which is called the InterPlanetary File System.
Recently, the Graph has also combined with several Defi protocols involving Gnosis, Synthetix, Uniswap, AAVE, Decentraland, and Balancer.
The Graph: Chain Combination is the key to Unlock Next Wave of Innovation
It was announced in July 2018, that The Graph is allowing programmers to build APIs to extract the Blockchain data for all the decentralized applications build on Web 3.0. The primary goal of the project is to allow the developers to comfortably access on-chain data and create dApps.
Eva Beylin, the founding director of The Graph recently stated that though the protocol now supports IPFS and ETH, it is a Blockchain skeptic. In addition to this, it was said that they are really looking forward to adding even more developers to their community.
While it is already built on Ethereum, they also believe in unifying the whole ecosystem making it convenient to create and use Web3.
The Graph Statistics
Till now, over 7000 subgraphs have been emplaced by over 10,000 active developers. The fees of query and rewards on this protocol come in their native ERC-20 Graph Tokens, which also went live with its launch.
Since the beginning of this month, Graph Tokens have surged over 215%, and at the time of writing this article, GRT was trading up 19% at $2.20.