The Graph Announced that It Plans to Integrate BTC, BNB, DOT, and Many More

News • 2021/02/16 • by

Following its successful integration with Ethereum, the Blockchain data indexing protocol, the graph looks into doing the same for other cryptocurrencies

Launched on Ethereum's network in December as an indexing protocol of blockchain data, the Graph is looking into integrating eight other Layer-1 cryptocurrencies. It announced this on February 16th and stated that it was interested in foremost crypto BTC and seven others, including DOT & BSC, as well as Celo, Near Protocol, Cosmos, Solana, and Avalanche.

Major Signals

An Indexing protocol of blockchain data, the Graph is looking into integrating eight other Layer-1 cryptocurrencies.

It signified interest in foremost crypto Bitcoin and seven others, including Polkadot.

Recently, it was incorporated with other DeFi protocols such as Uniswap, AAVE, etc.

The Graph is a relatively new kid on the crypto block. It started in December 2020. It is an indexing protocol and global API for organizing blockchain data. Their GraphQL makes this readily available. The primary purpose of The Graph network is to create a decentralized next-generation web3 layer that cannot be dominated.

The protocol's network eases the work of developers building decentralized apps by overseeing smart contract data on Ethereum blockchain called subgraphs. The native token of the protocol is GRT. It was trading at USD 0.17 as at the time it entered the market in December. It is currently trading under USD 3.

Recently, it was incorporated with UNI, AAVE, SNX, and other DeFi protocols. Eva Beylin, the Graph foundation's director, said that The Graph is blockchain agnostic even though the protocol currently supports Ethereum and IPFS.

The company said they are enthusiastic and interested in increasing the number of developers and Layer 1 chains in our community. They revealed that although the Graph is built on the ETH network, they also put great stock in unifying the ecosystem under a multi-blockchain future, making it easy to develop and use Web3.

We are not yet sure of the full impact of this integration on the crypto sphere. But we do know that this heralds great leaps in innovation for blockchain and digital currencies. We look forward to the impact of this innovation in the selected cryptocurrencies.

Comments (7)

Guest

atikarani14

6 years ago

Good 👍

bellagita_

6 years ago

Nice

jalansultan

6 years ago

⭐⭐⭐⭐

nurhotimah

6 years ago

👍👍👍

anniexan

6 years ago

Intervention by the graph is timely ,it will unify all blockchain, making it assesible

okem1988

6 years ago

Nice

visiblemoney

5 years ago

Although the Graph is built on the ETH network, they also put great stock in unifying the ecosystem under a multi-blockchain future, making it easy to develop and use Web3.