The Graph, the leading blockchain data provider for Uniswap and other platforms, recently crossed 500 subgraphs. The platform announced the achievement over its Twitter along with a guide on migrating the Ethereum subgraph.
Subgraphs are APIs (application programming interfaces) that allow software programs to collaborate. Regarding The Graph, its subgraph process, store, and pull data from the network for quick access.
According to the latest tweet by the data provider, hundreds of developers are using a decentralized framework to develop quality dApps. The primary reason behind this growth can be accounted to the 24/7 queries served by the Indexers.
This is not the first time that The Graph has surprised the market with its performance. The data provider started 2022 by gaining subgraphs with the help of Graph Grants. With more projects transitioning to Web3, the demand for reliable data has become pivotal.
The Graph is a protocol that leads the implementation of blockchain technology with data retrieval and management. It does so by creating open APIs, which have gained popularity worldwide.
Several industries have openly welcomed the use of subgraphs, especially when venturing into the crypto ecosystem. These domains include music, NFTs, wallets, art, dApps, social media platforms, and video streaming services.
The Graph is leveraging and promoting the shift with initiatives like The Graph Grants. As the name suggests, The Graph Grants releases funding to interested parties trying to enter the decentralized mainnet. This covers gas fees, migration expenses, marketing, and technical education.
In addition, solutions engineers from The Graphs community also lend their expertise to the migrating protocols. That is why the latest growth accumulated by the platform seems natural. As more projects enter the Web3 scenario, The Graph is also expected to rise in stature.