Subgraph hosted service launches as The Graph prepares for decentralization
Blockchain data provider Chainstack has launched a hosted service for collections of Web3 data known as “subgraphs,” according to an April 19 announcement from the company. The service, called “Chainstack Subgraphs,” allows developers to create subgraphs and post them for a fee.
We're thrilled to announce the launch of Chainstack Subgraphs, an enterprise-level data indexing solution built for ultra-fast access to #blockchain data in high-performance environments!Read our full announcement on #subgraphs ⬇️ 1/11 https://t.co/mM3IMaM7K7 pic.twitter.com/y0Y3oA7ZhF
This announcement comes after subgraph protocol developer The Graph stated in June that it would be shutting down its hosted service in favor of a decentralized network.
Subgraphs are application programming interfaces (APIs) that query blockchains for data and sort it in particular ways. They are open-source, so once someone in the community creates a subgraph, it can be used by anyone.
Subgraphs became widely used by developers after the launch of The Graph Network in 2020.
The original incarnation of The Graph (GRT) featured some centralized elements, including a free hosted service provided by the developer. However, The Graph team announced that it would eventually require creators to migrate their subgraphs to the decentralized network instead and will shut down the hosted service.
Chainstack Subgraphs intends to provide a convenient way for subgraph developers to migrate their APIs off the old The Graph hosted service, the announcement said.
In a conversation with Cointelegraph, Chainstack CTO Eugene Aseev said the new service will provide three main benefits to users compared to the decentralized network. First, it will provide transparent pricing in fiat
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