Polygon APIs to Soon Deploy on Web3 Indexing Service The Graph

The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It makes it possible to query data that is difficult to query directly.

AccessTimeIconDec 1, 2022 at 1:11 p.m. UTC
Updated Dec 1, 2022 at 3:57 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Indexing service The Graph will soon add support for the Polygon blockchain.

Polygon-based applications can soon run on fully decentralized application programming interface (API) run on The Graph, away from the current hosting service.

Joining Web3 The Graph Network will allow Polygon developers to find the data they need to improve the efficiency of their dapps, according to a Thursday post. Polygon node operators can play a role by becoming indexers for Polygon to serve the decentralized applications (dapps) running on the network. Indexers earn rewards and query fees for the subgraphs they serve.

An API is a way for two or more computer programs to communicate with each other. The Graph’s hosting service allowed dapps to index and query user data from multiple blockchains, regardless of the network they were based on.

Projects with complex smart contracts like Uniswap store data on the Ethereum blockchain, making it very difficult to read anything other than basic data directly from the blockchain. This meant developers could face complexities or delays in querying data from other dapps for use in their own products.

Services like The Graph solve this infrastructural problem by indexing blockchain data through the creation of "subgraphs,” which function similarly to an API and can be queried with a standard GraphQL API, an open-source data query computer language for APIs.

Polygon is the second-biggest supported chain by usage after Ethereum and followed by Gnosis.

The integration of Polygon is part of a broader plan to cease The Graph’s hosted service, which now supports 39 networks, in favor of The Graph’s bespoke decentralized network Gnosis.

Polygon's MATIC token was recently trading above $.09 cents, up more than 5% gain over the past 24 hours.

UPDATE (Dec. 1, 2022, 15:57 UTC): Adds MATIC price.


Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.