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BNB Chain Integrates with The Graph for Better Data Access

source-logo  crypto-news-flash.com 24 June 2024 10:33, UTC
  • BNB Chain completes integration with The Graph, enhancing data access for developers.
  • Recent upgrades to BNB Chain reduce transaction fees by up to 90%, improving user experience.

The Graph is now fully supporting BNB Chain after it successfully finished the Chain Integration Process. With the implementation of indexing rewards at this crucial turning point, The Graph’s global network of indexers is able to provide developers with timely and accurate data.

By enabling developers to easily use improved data services, this connection significantly improves the effectiveness and performance of the BNB Chain.

Thrilled to welcome @graphprotocol to BNB Chain! 🤝 https://t.co/kVTdR77enQ

— BNB Chain (@BNBCHAIN) June 24, 2024

CoinMarketCap data shows that the price of BNB at the moment of writing is $569.07, down 3.64% over the previous day. Over the last seven days, this bearish tendency has decreased by 5.72%. Many things could have an impact on BNB’s recent market performance, including as general market trends and particular changes inside the BNB ecosystem.

Recent Upgrades to BNB Chain

Previously, CNF reported on a major update that BNB Chain had made, which has lowered transaction costs by up to 90%. This update is evidence of BNB Chain’s dedication to improving the user experience and cutting expenses for both users and developers.

It is anticipated that the lower transaction fees would draw in more users and developers to the BNB ecosystem, hence increasing its general popularity and usefulness.

Support for BNB Chain by the Graph is an essential advancement that will give developers better data access and administration. decentralized protocol of the Graph facilitates effective blockchain data indexing and querying, which facilitates application development and maintenance for developers.

Decentralized applications (dApps) can now benefit from strong and dependable data services thanks to The Graph’s worldwide network of indexers.

With BNB Chain still developing, the ecosystem should gain much from the connection with The Graph. Better data services and lower prices will help developers, maybe fostering more creativity and growth inside the BNB ecosystem.

crypto-news-flash.com