Graph Foundation Awards A $12.5 Million Grant To Messari

Messari subgraph grant

Messari has been awarded the first ever subGraph developer grant. This grant totals $12.5 million according to an update by Florent Moulin, the Product Director at Messari. The June 2 statement said that the grant will enable Messari use its developer talent pool in contributing “high-quality, accurate, complex, and standardized protocol subgraphs”. These are open protocols that will be built and migrated to the Graph decentralized network.

About Graph

In describing Graph, Moulin said that it is an indexing protocol for the organization of blockchain data. The release said that applications query open API using GraphQL.

It added that the Graph grant will enable Messari to extend its expertise in the leadership of a subGraph workgroup. It will also play active roles in development of standardized protocols for the community and help in maintaining best practices for projects.

The update added that Graph has been a leader in the curation of neutral on-chain data. API’s called subgraphs can easily be built and published on the Graph platform.

“Over the last 3 years, The Graph has invested in indexing and infrastructure upgrades, with core developers such as Figment and StreamingFast leading the charge.”

 

Making On-Chain Data Accessible

The post maintained that the Messari team is working on the Graph subgraph project due to their belief that on-chain data should be easily available and accessible for common good.

What makes Graph unique is that unlike most aggregators of on-chain data, Graph is a decentralized platform that doesn’t use centralized RPC endpoints. It adds that it does not determine and set its own adapters.

The Messari team stated that the industry needs subgraphs and that the team will work on making data of all protocols easily available after aggregating them through the subgraph system.

Areas of Messari Expertise

Some of the focus of Messari will be:

“Fundamental aggregate data such as revenue, user count, trading volume, total value locked, and liquidations;

Pool & vault data such as liquidity, APR, APY, LPs, swaps, deposits, and withdrawals;

On chain governance proposals, votes, and delegations; and

Account holdings, investments, and debt positions.”

The benefit of building on the subgraph is that developers will be able to expose more data by incorporating additional entities.

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Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.

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