The Graph Network Promotes Web3 Values in Dapp Development

🕸️ Web3's data backbone?

By The Graph
Jul 4, 2024, 6:37 PM
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The Graph Network is being promoted as an investment for decentralized application (dapp) developers to ensure their data needs are consistently met.​ The network is described as a low-cost, transparent, consistent, scalable, and permissionless solution for building applications that align with web3 principles.​ This approach is presented as a way to maintain the core values of decentralization in dapp development, offering developers a reliable infrastructure for their data requirements.​

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Read more about The Graph

The Graph Launches Two Foundational Stores for Ethereum and Solana Developers

The Graph has released **Foundational Stores for Substreams**, offering developers two initial data stores to streamline blockchain development. **What's Available:** - **Token Metadata Store**: ERC-20 data across supported EVM chains - **Solana SPL Store**: SPL tokens and wallet relationships **Key Benefits:** - **Speed**: Skip costly eth_calls with millisecond lookups instead of RPC round-trips - **Cost Efficiency**: Process once, use everywhere - shared datasets reduce redundant computations - **Scalability**: Built for production with block-level versioning and fork-aware rollbacks The Solana store already contains **500 GB of preindexed data**, eliminating the need for developers to reprocess common datasets. More Foundational Stores are planned for release soon. [Learn more about Foundational Stores](https://thegraph.com/blog/substreams-foundational-stores/)

The Graph Develops New System to Replace Thousands of RPC Calls with Shared Lookups

**The Graph is developing a new system** that could revolutionize how blockchain data is accessed. The innovation aims to **replace thousands of individual RPC calls** with a more efficient shared lookup system for common queries. Key benefits: - Reduced network congestion from repetitive calls - More efficient data retrieval processes - Streamlined blockchain data access This development builds on The Graph's existing infrastructure that already **processes millions of queries daily** across the decentralized web. The new system could significantly improve performance for dApps and developers who currently rely on multiple RPC endpoints for basic blockchain data lookups.

🔧 Solana Devs Waste Time

**Solana developers face a persistent data problem** that's slowing down the ecosystem. Simple tasks like finding which wallets hold specific tokens require developers to: - Crawl through program accounts manually - Parse complex SPL data structures - Recompute the same relationships repeatedly **Every development team builds identical parsing and caching systems from scratch.** This creates redundant work, introduces errors, and wastes valuable development time. The irony is clear: Solana was built for speed, but **account data access has become a major bottleneck** for builders. This foundational infrastructure problem affects the entire developer experience on what should be one of the fastest blockchains.

Ethereum Developers Waste Millions on Redundant RPC Calls Daily

**Ethereum's infrastructure inefficiency is costing developers time and money.** Millions of redundant RPC calls happen daily on Ethereum, with each call being: - Slow and expensive to execute - Often returning identical data from previous days - Requiring teams to rebuild the same caching and parsing systems **The current approach creates unnecessary waste:** - Development teams duplicate efforts building similar infrastructure - Infrastructure costs balloon without added value - Builders face slower development cycles Fetching basic data like balance information and token metadata involves excessive eth_calls, complex code parsing, and error-prone caching systems. **A more efficient solution for shared, foundational datasets could eliminate this redundancy** and provide developers with faster, more reliable access to blockchain data.

The Graph Token API Beta Launches Spam & Scam Filtering

The Graph Token API Beta Launches Spam & Scam Filtering

**The Graph Token API Beta** has launched its spam and scam filtering feature, automatically protecting users from malicious content. **What gets filtered:** - Junk tokens - Airdrop spam - Malicious NFTs **Benefits for developers:** - **Safer user experience** - Users protected from scams - **Cleaner wallets** - No more cluttered interfaces - **Smarter apps** - Built with trusted, verified data The filtering happens automatically, requiring no extra effort from developers. This builds on previous releases that introduced spam/scam scoring v0.1.0 across Ethereum and Base networks. Developers can now build applications with confidence, knowing their users won't encounter malicious tokens or NFTs through the API. [Get started with Token API Beta](https://thegraph.com/token-api/)