The Graph Adds Polkadot, Solana, NEAR and Celo

The Graph has announced support for four important blockchains onto its indexing network: Polkadot, Solana, NEAR and Celo.

 

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 (GRT) is the decentralized version of Google’s search engine. Today, there's so much data out there that we need to be able to categorize and index it in a decentralized manner without just one central indexer with all the power like Google. 

 

The Graph has been in the news recently given their launch on Coinbase and their recent token sale to the public in October which raised $12 million.

 

It has huge institutional backing. On June 30, 2020, the project raised $5 million in a token sale with Framework Ventures, Coinbase Ventures-- which is probably why it got listed recently on Coinbase and shot up--, CoinDesk parent Digital Currency Group, Multicoin Capital, DTC Capital and others. This is in addition to the $2.5 million it received back in January 2019 from Multicoin Capital. This could be great for popularity and making the coin more mainstream and trusted.

 

The Graph CEO Yaniv Tal said “thousands” of developers already use the startup’s tools, including the teams behind the decentralized exchange (DEX) Uniswap and the token-fueled Aragon project. 


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