The Graph to add support for Polkadot, NEAR, Solana and Celo
February 18, 2021, 12:00PM EST
1 min read
Crypto startup The Graph has announced that it will offer support for four additional Layer 1 blockchains: Polkadot, NEAR, Solana and Celo.
The four blockchains will join The Graph's currently supported chains Ethereum, IPFS, and POA. According to the startup, the new chains were chosen based on several key characteristics, which included ease of integration, the number of developers and applications as well as community input. The Graph's hosted service saw queries increase to over 11 billion in January 2021, according to a press statement shared with The Block.
“The Graph adding support to these Layer 1 blockchains is an important milestone in the evolution of Web3," said Eva Beylin, director of The Graph Foundation. "Developers can choose whichever chain best suits their needs and it will also help current Ethereum developers build interoperable applications.”
The Graph's indexing protocol aims to organize all the information on the blockchain in a more efficient way and helps developers of Ethereum-based applications run their front-end operations. The protocol 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.
The Graph first announced it had begun exploring providing support for additional first-layer blockchains, including Bitcoin, Polkadot and NEAR, in January.
From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.