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The Graph to use Polygon for its billing system

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Singapore, Singapore, 28th July, 2021,

Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world. Its focus on solving scalability and fostering new ideas and concepts has attracted the most promising talent. The Graph, the decentralized indexing and querying protocol for the decentralized web (Web3) that queries networks including Ethereum, IPFS, Celo, and Avalanche expands its presence by using Polygon network for its billing technology, Subgraph Studio.

Developers from all over the world continue to flock to Polygon for its technological capabilities. The network’s high-performance and scalable infrastructure facilitate the development of large-scale ideas and concepts capable of ushering in broader mainstream adoption of blockchain technology. The Graph’s team is excited to use Polygon for its billing ecosystem to help reduce gas costs for users on The Graph.

As the preferred solution for building decentralized applications and products on Ethereum and IPFS, The Graph, as a blue-chip Web3 protocol, has over 20,000 developers building subgraphs for Web3 applications. The Graph has now expanded its use case by launching its billing solution on the Polygon network. Subgraph Studio, The Graph’s billing solution allows developers to build, test, and deploy subgraphs and manage their API keys. Polygon is a choice over other solutions because it enables near-instant and low-cost transactions for both its users and developers alike.

The generation of query fees through API keys on The Graph incurs a cost for developers. All invoices of Subgraph Studio are generated weekly in the system. By building this billing technology on Polygon, users of The Graph will benefit from near-instant and low-cost transactions for users and developers. Querying data through The Graph becomes seamless and will fuel the development of new dapps without worrying about high costs.

This move by The Graph marks another milestone where Polygon is used as a preferred scaling solution of Ethereum. Its lower fees, higher efficiency, and native compatibility with Ethereum dapps make Polygon popular among developers and users.

About The Graph

The Graph is the indexing and query layer of the decentralized web (Web3). Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from 22 different networks including Ethereum, Arbitrium, Avalanche, Celo, Fantom, Moonbeam, IPFS, and PoAa with more networks coming soon. To date, over 18,000 subgraphs have been deployed on the hosted service and now subgraphs can be deployed directly on the network. ~20,000 developers have built subgraphs for applications such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, Decentraland, and many others.

If you are a developer building an application or Web3 application, you can use subgraphs for indexing and querying data from blockchains. The Graph allows applications to efficiently and performantly present data in a UI and allows other developers to use your subgraph too! You can deploy a subgraph or query existing subgraphs that are in Graph Explorer. The Graph would love to welcome you to be Indexers, Curators and/or Delegators on The Graph’s mainnet. Join The Graph community by introducing yourself in The Graph Discord for technical discussions, join The Graph’s Telegram chat, or follow The Graph on Twitter! The Graph’s developers and members of the community are always eager to chat with you, and The Graph ecosystem has a growing community of developers who support each other.

The Graph Foundation oversees The Graph Network. The Graph Foundation is overseen by the Technical Council. Edge & Node and StreamingFast are two of the many organizations within The Graph ecosystem.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ dapps, ~350M txns, and ~13.5M+ unique users.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dapp, get started here.

Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram

 

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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