Blockchain Startup The Graph Now Using Polygon For Its Billing System
The Graph, the decentralized indexing and querying protocol for the decentralized web (Web3), has expanded its presence by using Polygon network for its billing technology, Subgraph Studio.
The Graph is the indexing and query layer of 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.
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 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.
In a press release, the Graph said that it 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.
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