While the native token of The Graph is experiencing a potent downswing, the project has continued to advance its developments. Keeping up with recent trends in the crypto space, The Graph has increased its support for Web 3.0, and has even ventured into the exploding NFT space.
By combining Web 3.0 protocols, developers can now build dApps with powerful new features on The Graph. To build on this momentum, The Graph Foundation allocated over $1.5 million more to its Wave3 grant project on October 14th. Waves 1 and 2 have so far allocated over $7.5 million to different projects.
The $1.5 million of Wave3 grant will be committed into fleshing out The Graph protocol, building dApps, and growing the community. The Wave3 grant has allocated $335k to community building, $230k to dApps and subgraph projects, $99k to tooling, and $98k to projects.
As the popularity of The Graph increases, Huobi has announced GRT to Crypto Conversion. Users can now directly trade the GRT coin against USDT on Convert, or buy GRT with their RUB/UAH/KZT/BRL balance.
On October 19th, The Graph announced its integration into the Moonriver network, further expanding its reach into the Polkadot ecosystem. Moonriver is a layer 1 Ethereum-compatible parachain that is connected to the Kusama network. The integration of The Graph into Moonriver will enable developers to build, publish and use subgraphs in a Kusama-based environment.
Earlier this year, the Graph protocol announced integration onto Moonbeam (GLMR). According to The Graph’s developers, increasing compatibility with the indexing protocol was “one of the most commonly requested integrations in the Moonriver community.”
The Graph has also begun supporting Arweave in October. Arweave is a leading decentralized protocol that allows users to permanently and sustainably store data with a one-time upfront fee.
By integrating The Graph’s technology, Arweave will access indexed data from open APIs powered by The Graph, called subgraphs. These subgraphs will read data stored on the Arweave protocol, allowing for quicker and more efficient access.