Tag: GRT

The Graph $GRT Enters Phase 3 of Scaling on L2, Introducing New Transfer Tools

by Blockchain News

The Graph ($GRT) has announced the commencement of Phase 3 of its scaling on Layer 2 (L2). The announcement, made via Twitter on August 28, 2023, introduces new L2 Transfer Tools designed to simplify and streamline the transfer of Graph Tokens (GRT) and subgraphs to L2. The move aims to make network participation more accessible and reduce gas fees, a persistent issue in the blockchain space.

“The Graph has officially entered Phase 3 of scaling on L2. L2 Transfer Tools are now live, making it even more simple & seamless to access The Graph on @arbitrum. These tools help all network participants to easily transfer GRT or subgraphs to L2 & begin taking advantage of significantly lower gas fees + faster tx speeds,” the tweet read.

The Graph is an indexing protocol designed to query data from blockchain networks like Ethereum and IPFS. It’s a cornerstone in the DeFi and Web3 landscapes, allowing for the creation of open APIs, or subgraphs, for data retrieval. With a strong community and approximately $25 million in funding, The Graph aims to make blockchain data more accessible and efficient for developers and users alike.

Lower Gas Fees and Faster Transactions

One of the most compelling features of the new L2 Transfer Tools is the promise of “significantly lower gas fees and faster transaction speeds.” This is particularly relevant given the escalating costs of transactions on Ethereum-based networks, which have been a barrier to entry for many users and developers.

Comprehensive Toolset

The L2 Transfer Tools are not just about transferring GRT; they also facilitate the transfer of various other network operations. According to the announcement, the tools make it “simple to easily transfer your: Indexing operation + self-stake; Curation signal; Delegated GRT; Subgraphs”

Encouragement to Move

The Graph is encouraging all network participants to make the transition to L2 to “save magnitudes on gas fees.” This is a crucial step, as high gas fees have been a significant deterrent for broader adoption of blockchain technologies.

Final Step in Scaling Process

The beginning of Phase 3 marks “the final step in the process of Scaling The Graph on L2,” according to the tweet. This suggests that the network has undergone a series of upgrades and is now in its most advanced stage, optimized for performance and accessibility.

Implications for the Ecosystem

The move to Phase 3 and the introduction of the L2 Transfer Tools are likely to have a ripple effect across the blockchain data ecosystem. By making it easier and more cost-effective to participate in the network, The Graph is potentially opening doors for increased data availability and broader adoption of blockchain technologies.

In summary, The Graph’s move to Phase 3 of scaling on L2 and the introduction of new transfer tools aim to address some of the most pressing issues in the blockchain space today—high transaction costs and slow speeds. With these new tools, The Graph is taking a significant step toward making blockchain data more accessible and network participation more feasible for a broader audience.

Image source: Shutterstock

Source

Tagged : / /

XRP, Uniswap (UNI), the Graph (GRT) and Three More Altcoins Approaching ‘Opportunity Zones’: Santiment

by Dailyhodl

Analytics firm Santiment is highlighting possible entry points for half a dozen altcoins amid a general downtrend which has given the crypto markets an extended pullback throughout January.

In its weekly Insights newsletter, Santiment says that while most crypto investors are feeling pain, opportunities exist for those with patience and some handy cash.

The data firm says that the market value to realized value (MVRV) metric, which reveals the average profit/loss for coins in circulation, is helpful when hunting for crypto bargains.

“MVRV is a great metric to gauge how deep traders are into pain or euphoria zones.

We commonly like to look at an asset’s 30-day MVRV, specifically, because it reveals what weekly swing traders can likely take advantage of, as far as mid-term trading goes… Blending in how much pain short-term, mid-term, and long-term traders are experiencing all together, can paint an even clearer picture.”

Looking at the MVRV metric, Santiment names six altcoins that can potentially bounce as traders feel pain.

One crypto asset on the list is open-source digital currency XRP, which the insights firm says is primed for a rally after a strong move down.

“The polarizing project is at its most negative average MVRV level since late June. It was last in positive territory in mid-December, making it a solid candidate to have a price upswing to bring traders some relief.”

Image
Source: Santiment

When it comes to decentralized exchange Uniswap (UNI), the crypto insights firm says,

“Uniswap’s average MVRV is at all-time negative MVRV levels.

An uptick in the general crypto markets may go very well for a mostly respected altcoin like UNI.”

Image
Source: Santiment

Decentralized blockchain indexer The Graph (GRT) is also at MVRV lows, with Santiment noting,

“Its average MVRV was last positive in late November.”

Image
Source: Santiment

Looking at decentralized crypto lending and borrowing protocol Compound (COMP), Santiment says,

“Compound is also at its most negative average MVRV level since late June.”

Image
Source: Santiment

As for layer-2 ZK (zero-knowledge) rollup protocol Loopring (LRC), the analytics firm says LRC still has some upside potential.

“Loopring has already been in the midst of a nice-sized bounce compared to the rest of the altcoin pack over the past week, [but it] is still in a nice, deep negative average MVRV spot.”

Image
Source: Santiment

Last on the list is lending and borrowing protocol Aave (AAVE), which also hasn’t seen much positive price action in more than two months.

“AAVE is sitting at near all-time negative levels, which is great to see if you’re considering buying.”

Image
Source: Santiment

You can read the full report here.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ioat

Source

Tagged : / / / / / / / / / / / / / / /

Second-Largest Ethereum Whale on Record Just Executed a Massive Altcoin Purchase: WhaleStats

by Dailyhodl

The second-largest Ethereum whale in existence is accumulating millions of dollars worth of two ETH-based altcoins.

According to whale-watching platform WhaleStats, the deep-pocketed crypto investor collected $4.2 million worth of layer-2 scaling solution Polygon (MATIC) and $3 million worth of blockchain indexing protocol The Graph (GRT).

The massive address holds just above $3.8 billion in overall crypto assets, including nearly 50,000 ETH worth $1.92 billion, 38.7 million FTX Tokens (FTT) worth $1.47 billion, and 105 million of stablecoin Tether (USDT) worth $105 million, according to ETH search engine EtherScan.

The crypto investor’s newest transaction brings The Graph into the whale’s top altcoin holdings at number nine as the large wallet now holds a total of 32.8 million GRT, worth about $19 million as of writing.

The purchase also pushes Polygon into the whale’s top 20 list at number 17, bringing its total MATIC holdings to 3.3 million worth about $7 million.

MATIC, FTT, and USDT are three of the most popular ETH-based altcoins amongst deep-pocketed investors, according to a WhaleStats heatmap.

Image
Source: WhaleStats/Twitter

About 6% of the top 1,000 Ethereum wallets are comprised of FTT while USDT makes up about 4.5% of the total. MATIC sits at 1.1% while GRT is unlisted.

Other notable crypto assets held by ETH whales include popular dog-themed meme coin Shiba Inu (SHIB) and OKB, the native utility token of crypto exchange platform OKEx Blockchain Foundation.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/I Gede Kenjo Aprideon/Sensvector

Source

Tagged : / / / / / / / / / / / / / /

Ethereum Whale Loading Up on Six Altcoins Amid Bitcoin and Crypto Market Resurgence

by Dailyhodl

A crypto whale known for its Ethereum (ETH) holdings is making a splash by buying big into six different altcoins.

The transaction tracker WhaleStats tweeted out that a whale known as “Light” just bought over $11 million of Wrapped BTC (WBTC), which is an Ethereum token designed to maintain a constant peg to the price of Bitcoin.

“ETH whale ‘Light’ just bought 200 WBTC ($11,352,400 USD).

Ranked #4 on WhaleStats.”

The wallet now has a total value of $5.7 billion, including 362 WBTC valued at $20.2 million. WBTC at time of writing is worth $57,084, the same as BTC.

Light also scooped up a heaping helping of decentralized blockchain indexer The Graph (GRT).

“ETH whale ‘Light’ just bought 2,000,000 GRT ($1,849,946 USD).”

The Graph is down 6.23% today to $0.93.

The feeding frenzy continued as the whale acquired more than $1.8 million worth of decentralized exchange (DEX) SushiSwap, whose native token SUSHI is currently trading at $7.50.

“ETH whale ‘Light’ just bought 250,000 SUSHI ($1,837,500 USD).”

Next up is ILV, the native token of the open-world role-playing game Illuvium that’s built on the Ethereum blockchain. The whale devoured a thousand ILV for more than $1.75 million.

“ETH whale ‘Light’ just bought 1,000 ILV ($1,753,260 USD).”

ILV is currently up 6.70% on the day and exchanging hands at $1,845.

The DEX feast also featured automated finance protocol Uniswap, with the whale shelling out $1.6 million on the UNI token.

“ETH whale ‘Light’ just bought 79,998 UNI ($1,603,965 USD).”

UNI is up 1.58% on the day to $20.52.

Last on the shopping list is Curve DAO(CRV), the token that powers the Curve Finance DEX. According to DeFILama, Curve has more total value locked up than any other DEX.

“ETH whale ‘Light’ just bought 250,000 CRV ($1,145,000 USD).”

The 86th-ranked crypto is down 2.83% today and priced at $4.67.

WhaleStats also provides insight into the most popular tokens among whales.

Of the top-10 tokens purchased over the past 24 hours, WhaleStats has ETH leading the list with 138 total purchased, followed by three different stablecoins: USDT, Circle’s USDC), and Binance USD (BUSD).

Source: WhaleStats

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/funstarts33/Natalia Siiatovskaia

Source

Tagged : / / / / / / / / / / / / / / / / / / /

Analyst Predicts One Altcoin Will Rally Ahead of the Pack, Says Bitcoin Pullbacks Likely To Be Shallow

by Dailyhodl

A closely followed crypto market trader thinks the Bitcoin (BTC) bull market remains in full swing while predicting an early altseason for one crypto asset in particular.

The pseudonymous trader known as Altcoin Sherpa is bullish on the decentralized streaming platform Theta (THETA). He tells his 145,900 Twitter followers that THETA may be gearing up to rally and precede the rise of many altcoins in the space.

“I think that this one will moon earlier than other altcoins. It’s been in an accumulation range for longer than most and hasn’t pumped really in quite some time.

I expect many alts to look like SNX did back in 2020. V-shaped reversal/accumulation/expansion.”

Image
Source: AltcoinSherpa/Twitter

Image
Source: AltcoinSherpa/Twitter

He adds that THETA tends to move on its own terms, distinct from the rest of the overall crypto market.

“THETA is one that could outperform. It chopped around longer than others AND it also has its own market cycles/does shit on its own usually”

Currently, THETA is trading at $8.06.

Taking a look at Bitcoin (BTC), the pseudonymous trader says that dips may be shallower than those experienced in 2020 as the context surrounding the market is different.

The most recent BTC pullback measured just under 14%, whereas 2020’s pullback before liftoff was 17%.

“BTC: Market structure, context, charts are all different vs. other 20k resistance price action in 2020. With that said, the pullbacks don’t have [to] be that deep when price grinds near ATH [all-time high] levels like this. Up only.”

Image
Source: AltcoinSherpa/Twitter

Image
Source: AltcoinSherpa/Twitter

Sherpa also looks at Algorand (ALGO), noting that it may have trouble outperforming Bitcoin as it struggles to break out of its sideways range.

“ALGO: I think this one continues to chop around a lot. I don’t know if it outperforms BTC, seems unlikely.”

Image
Source: AltcoinSherpa/Twitter

Finally, he takes a look at the blockchain indexing protocol The Graph (GRT). After highlighting that the token is showing signs of accumulation, Sherpa says that GRT might be about to take off.

“GRT: This coin seems to be showing some signs of accumulation. Some nice volume coming in. I wouldn’t mind scaling in here for a passive trade.”

Image
Source: AltcoinSherpa/Twitter

At time of writing, GRT is trading at $1.18.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Art Furnace/Sensvector

Source

Tagged : / / / / / / / / / / / / /

Analyst Jason Pizzino Unveils Top Altcoin Picks, Says Several Cryptos Primed To Hit All-Time Highs

by Dailyhodl

Digital asset analyst Jason Pizzino thinks a handful of altcoins have the potential to surge to new peaks.

In an interview with the YouTube channel Crypto Tips, Pizzino says he’s bullish on DOT, the native asset for smart contract platform Polkadot. DOT is trading at $40.48 at time of writing and hit its all-time high of $49.35 in May, according to CoinGecko. Pizzino predicts DOT will surge to $53.

ADVERTISEMENT

 

Next on the trader’s list is ADA, the native token for smart contract platform Cardano.

Pizzino says,

“I think [it] will get to a new all-time high eventually, but at the moment it’s still got this trend to finish and then break out of.”

ADA is trading at $1.94 at time of writing, down more than 11% in the past week.

The trader is also bullish on MATIC, the native token for the Ethereum (ETH) scaling solution Polygon. MATIC is trading at $1.90 at time of writing, up more than 24% in the past week.

Pizzino says MATIC could be on its way to a new all-time high. The asset’s current ATH is $2.62, which it hit back in May.

Next on the analyst’s list is GRT, the native asset for the indexing protocol The Graph. Pizzino says GRT is “finally starting to make its move” with consistently higher lows.

The crypto asset is trading at $0.93 at time of writing, up 6.6% in the past week. According to Pizzino, traders looking for a “safer entry” should watch to see if the crypto asset makes it above $1.10.

The analyst also mentions the lending and borrowing protocol Aave. Pizzino doesn’t quite view the protocol’s native asset AAVE as a strong play yet, though he says it could be in the early stages of making a move.

“Of course, the lower you are down, the higher risk it is.”

AAVE is trading at $325.82 at time of writing, up 2.8% in the past seven days. Pizzino says traders should watch to see if the crypto asset breaks above the $360 range.

[embedded content]

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

ADVERTISEMENT

 

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal/Vladimir Sazonov

Source

Tagged : / / / / / / / / / / / /

Top Crypto Trader Predicts End of Dogecoin’s Bear Trend, Says One Sleeping Giant Could Be Ready To Surge

by Dailyhodl

A high-profile trader says that Dogecoin (DOGE) and one other asset are preparing for liftoff as Bitcoin edges toward $45,000 and Ethereum reclaims $3,000.

In a tweet to his 156,000 followers, Smart Contracter predicts that Dogecoin will break out of its bear trend and skyrocket to as high as $0.41.

ADVERTISEMENT

 

“Woof woof, DOGE ironically looking primed and breaking key downtrend, is meme [season] back?

Looking like one of the slow movers but not for long [in my opinion].”

Source: Smart Contracter

At time of writing, DOGE is up 22.4% in 24 hours according to CoinGecko.

Smart Contracter also says that indexing protocol The Graph (GRT) might turn bullish after sitting in a prolonged accumulation phase.

“GRT got smoked from the top, -85% peak to trough but has some really nice accumulation going on on the daily timeframe on the USD pair, plus the BTC pair has done a clean 5 wave up from the lows. This one gets sent [in my opinion].”

Source: Smart Contracter

The pseudonymous trader also says that he is rotating profits he’s made off CryptoPunks, which are some of the first non-fungible tokens (NFTs), or digital art, minted on the Ethereum blockchain. Smart Contracter says he’s purchasing Meebits, a new NFT project, as trading volume in the sector soars.

“Just sold a punk for +50% what I paid at the start of the month, gonna roll those profits into some Meebits next.

Larvalabs NFTs are the only NFTs I’ve ever made money on so [probably] gonna just stick with them.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

ADVERTISEMENT

 

ADVERTISEMENT

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Source

Tagged : / / / / / / / /

Avalanche Incorporates The Graph to Advance Its Querying and Indexing

by Btcmanager

The indexing and query layer of the decentralized web, The Graph,  is now integrated with Avalanche to expand querying and indexing on the platform. Developers building on Avalanche can easily query custom on-chain data requests without running a full node via subgraphs, which are indexes of specifically defined blockchain data.

Building Towards the Future 

More than 9,000 subgraphs have been deployed as of February this year, with more coming online as The Graph expands support across significant layer one blockchains.

John Wu, President of Ava Labs, said that decentralized, reliable data is at the core of high-quality Web3 applications. The Graph’s data suite and tooling bring better options and opportunities for developers building on Avalanche.

Graph’s subgraphs

dApp developers will now query Avalanche’s on-chain data directly from their applications through The Graph’s subgraphs following the integration. The Graph currently underpins indexing data from Ethereum, IPFS, and PoA.

With The Graph integration on the hosted service, developers building on Avalanche can easily query custom on-chain data requests without running a full node via subgraphs, which are indexes of specifically defined blockchain data.

Avalanche explained the union’s advantages stating that developers on Avalanche will tap from the power, efficiency, and simplicity of The Graph. Avalanche-based dApps will appreciate fast transaction speeds, which boasts thousands of transactions per second.

Web builders using The Graph’s customizable queries will achieve total control over their use of on-chain data. The Graph has a large and diverse set of subgraphs that will help seamless interactions with other blockchains. In January 2021, The Graph’s hosted service saw queries increase to more than 11 billion, with 100x growth last year alone.

Vision Accomplishment

The growth is also reflected in Avalanche. Since Avalanche-Ethereum Bridge (AEB)  came alive on February 8, 2021, smart contract activity on Avalanche has boomed, with transactions having increased by 2,007% to over 1,140,000 and unique wallets increasing by 2,834% to top 63,000.

Avalanche and The Graph desire a transparent, decentralized future for internet applications. Better developer infrastructure and tooling will ultimately lead to the fulfillment of this vision, with increased benefits for dapp developers and end-users.

The Graph is a decentralized web project whose protocol enables querying networks like Ethereum (ETH) and InterPlanetary File System. The protocol does the querying and takes data secure and trustless without any interaction with a third party. Applications can query the subgraphs using GraphQL.

Related posts:






Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source

Tagged : / / / / /

The Graph Expands to Polkadot, NEAR, Solana, Celo

by Cryptobriefing

Key Takeaways

  • The Graph will soon support Polkadot, NEAR, Solana, and Celo.

  • The protocol saw a massive boost in queries during the month of January.

  • The foundation says that it is exploring adding support for other Layer-1 blockchains like Bitcoin and Cosmos.


Share this article



The Graph is adding support for Polkadot, Solana, and other Layer-1 blockchains.

The Graph Expands

The Graph will soon be adding support for Polkadot, NEAR, Solana, and Celo. The Graph Foundation announced the update in a blog post yesterday. According to the post, the four chosen blockchains were selected based on ease of integration, number of developers, applications, and community input. The service already supports Ethereum, IPFS, POA Network.

Polkadot, NEAR, Solana, and Celo developers and community contributors will now be eligible for The Graph Grants Program, which rewards those supporting The Graph ecosystem’s development.


The Graph uses Application Programming Interfaces called subgraphs. These can be created by any user, who earn a fee when developers use their subgraph. These subgraphs help developers index, query, or publish data from the blockchain. The highest-ranked subgraphs are used by many protocols, including Ethereum staples like Uniswap, Synthetix,  and Aave.

The protocol has witnessed massive growth since its mainnet launch in December. The number of queries on the protocol hit over 11 billion in January. Eva Beylin, Director at The Graph Foundation, said of the expansion:

“With over 8,000 subgraphs already deployed for Ethereum, IPFS, and POA, we’re excited to unlock this next phase of ecosystem growth with multi-blockchain support, enabling a truly open data economy.”

The foundation mentioned that it is looking at integrating Bitcoin, Cosmos, Avalanche, Binance Smart Chain, and Flow.


Ethereum will remain the standard for The Graph Network, and GRT will remain an ERC-20 token. Currently, GRT Token is being traded for $2.18 and has a $2.68 billion market cap.

Disclosure: At the time of writing, this author held Ethereum (ETH).

Share this article



The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.



Acala Opens Up Details of Its Polkadot EVM

One of Polkadot’s main parachains, Acala, has unveiled a key update that will bridge both projects with Ethereum. Ethereum-Compatible DeFi on Polkadot  Acala already exists as a DeFi hub and…

Looking Back on 2020 and 2021 Predictions

Happy New Year from all of us at Crypto.com Research! 2020 was an unprecedented year for the world and for crypto. Before we fully plunge into 2021 predictions, we will…

Gamified Trading Platform Hxro Will Launch on Solana

Hxro, a crypto options trading platform, has announced that it will extend its derivatives trading service to the Solana blockchain. Hxro Credits Solana’s Performance Hxro currently offers time-based options markets…

World’s First Polkadot ETP Launching on Swiss Exchange

After adding Polkadot to its crypto index, 21Shares is launching an exchange-traded product (ETP) for the Web3 network’s currency.  Polkadot Gets an ETP  Investment product provider 21Shares is launching an…



Source

Tagged : / / /

The Graph (GRT) Looks Into Integrating With L1 Blockchains Bitcoin, Polkadot, Solana, Cosmos

by Btcmanager

The Graph protocol, which launched its mainnet on Ethereum last December 17, 2020, is looking into adding eight more L1 (Layer-one) blockchains, which will include Bitcoin, Binance Smart Chain, Polkadot, NEAR, Cosmos, Solana, Avalanche, and Celo.

The Plan to Add More Layer-1 Blockchains

The Graph, a decentralized protocol for indexing data from blockchains, had recently integrated with other DeFi projects like AAVE, Synthetix, Uniswap, and many more. The new L1 blockchains under review, if chosen, will be integrated with The Graph’s current list of supported chains, which would enable data sharing across multiple networks in The Graph’s ecosystem for developers to work on interoperably as they please.

For instance, the Polkadot integration would allow developers working on layer-2 Polkadot projects to get access to data they might need from Bitcoin or other layer-1 chains. 

The Integration Will Aid the Development of Web3 Ecosystem

This development will make it possible to build apps using the best features from the other blockchains. The Graph Foundation Director, Eva Beylin, said that this is aimed to speed up the growth of the web3 ecosystem. 


The startup proposes to launch new layer-1 integrations in the coming months depending on the engagement and level of involvement of the community. Beylin believes that the integration will unlock the next big innovations in the decentralized network. In addition, the added blockchains will allow developers to enjoy the best of both worlds when they want to execute cross-chain projects.

The protocol also aims to be a one-stop-shop for developers and users. The platform had earlier stated in 2018 that it would allow programmers to build APIs to retrieve data from a blockchain for web3 apps.

In line with this, the protocol will enable developers to have easy access to data across chains to build apps. Currently, more than 10,000 developers have successfully deployed subgraphs on the protocol. The native token (GRT), which was also launched alongside the mainnet in 2020, is used for rewards and Query fees on the protocol. After the token had risen by over 215% over the course of the month, certain marketers are predicting that the token might hit the $15 mark before the year runs out.


Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source

Tagged : / / / / / / / /
Bitcoin (BTC) $ 43,294.60 1.15%
Ethereum (ETH) $ 2,354.00 5.44%
Litecoin (LTC) $ 74.07 2.31%
Bitcoin Cash (BCH) $ 246.97 0.94%