Blockchain indexing protocol The Graph launches on mainnet

Startups • December 17, 2020, 12:00PM EST
UPDATED: December 18, 2020, 10:55AM EST
The Block

Crypto startup The Graph has launched its mainnet, the team behind the indexing protocol announced on Thursday. 

The indexing protocol organizes all the information on the blockchain enables developers of Ethereum-based applications to more efficiently run their frontend operations. It also increases accessibility to decentralized applications through public and open APIs called subgraphs, according to The Graph.

The Graph’s indexing tool can be used to find and retrieve data from Ethereum, similar to the way other indexing tools can be used to do the same for traditional, centralized databases.

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"It feels surreal that after years of hard work, our vision for a global decentralized indexing and API layer for Web3 has become real," said project lead and The Graph co-founder Yaniv Tal. "We really believe in decentralization and the launch of The Graph Network is a major milestone for enabling humans to cooperate and organize in a decentralized way."

Founder of Uniswap Hayden Adams said The Graph has been instrumental in making smart contract data easy to monitor and use. 

"Subgraphs are powering some of the most used analytics tools in the space — Uniswap being one of them. The design of the new system will attract more developers to build their own subgraphs, leading to better access to information. Once we know more, we can build better," he said. 

Coinbase has also added support for The Graph and Uniswap's tokens.

About Author

Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.