SubQuery launches Web3 data indexing on Ethereum to challenge The Graph
TL;DR SubQuery, the global Web3 data indexing toolkit, has recently added support for Ethereum (ETH) to its beta version. SubQuery is 1.85 times faster than The Graph and provides Ethereum developers with another decentralized option with the imminent launch of the SubQuery Network. Developers can use SubQuery's proprietary API to quickly organize and query on-chain data for their protocols and apps.
Support for Ethereum (ETH) has been added to the beta version of SubQuery, the global Web3 data indexing toolkit. SubQuery has already shown that it is quicker than The Graph (GRT) and provides Ethereum developers with another decentralized option with the imminent launch of the SubQuery Network.
Instead of developing indexing solutions, developers can concentrate on product development and user experience thanks to SubQuery’s proprietary API, which abstracts the backend and frees users from the burden of designing their own indexing systems, as per information about its Web3 data indexing launch shared with Finbold on April 5.
In particular, the decentralized data indexing solution gives developers the tools they need to quickly organize and query on-chain data for their protocols and apps. Avalanche, Flare, Cosmos (Ethermint), and Polkadot (FrontierEVM) are among the networks that will benefit from this new integration, which expands on SubQuery’s current support for the Ethereum Virtual Machine (EVM) for other networks.
SubQuery is actively working on making the protocol decentralized and tokenized so they may launch the SubQuery Network. From the get-go, the SubQuery Network will be able to index Ethereum projects, as well as those from any other supported Layer-1, and provide services to the worldwide community based on this data.
“Ethereum has been on our radar since day one. Our experienced engineering team has put a lot of hard work into this integration, so that we can guarantee Ethereum developers will have a smooth and seamless experience indexing with SubQuery’s open-source SDK, tools, and documentation. We can’t wait to collaborate with teams building on Ethereum with the power of our fast, flexible, and universal indexer.”
SubQuery is 1.85 times faster than The Graph
Third-party services like The Graph for Ethereum ecosystem developers had previously met data indexing needs. However, SubQuery is already 1.85 times quicker than The Graph for common projects like the default Ethereum Name Service project, with just beta support.
SubQuery can decrease the number of costly database writes by using multi-threading and optimizing the store. Developers may reduce the time between iterations and the release of new features by shortening the sync times.
Unlike The Graph, SubQuery will not be sunsetted. It improves upon existing decentralized indexing solutions by giving developers more freedom to host their own projects and more control over those by supporting large-scale projects in its managed service, which hosts large-scale infrastructure and processes millions of daily requests.