The Graph Collaborates with Coinbase for Testnet Launch of New L2: Base
TL;DR: The Graph makes public data easily accessible for developers with support for subgraphs on Base, a new Layer 2 incubated by Coinbase, starting today with the release of Base testnet.
The Graph makes it easy to access data across a growing number of blockchains and networks, empowering developers to build fast decentralized applications with performant front ends. Today, The Graph Foundation is excited to announce the integration of a new network: Base, a brand new layer 2 incubated by Coinbase to scale web3. In addition to serving as Coinbase’s on-chain home for its products and users, Base aims to establish an open crypto ecosystem for third-party wallets, dapps, and developers.
The Graph is among Coinbase’s collaborators supporting the launch of the Base testnet. The need to index data is inherent in the creation of L2, and The Graph solves for this need as it has with countless existing dapps, protocols, and chains in the web3 ecosystem. In fact, many of the web3 projects that will be supporting Base’s launch are already using The Graph.
The Graph supports web3 developers and data consumers alike with subgraphs—open APIs which efficiently organize data and plug into applications, seamlessly serving the data to user interfaces. Starting today, developers can build applications on Base testnet, deploy smart contracts, and neatly record data emitted by those smart contracts using subgraphs.
The Graph supports Base Testnet from Day One
The Graph is supporting Base’s testnet starting from day one. Anyone can build a subgraph indexing Base testnet data and deploy it using Subgraph Studio. For those ready to hack in person—ETHDenver next week is among the first hackathon opportunities to begin building Base dapps powered by subgraphs. In addition to building on an exciting new layer 2, hackers at ETHDenver are eligible to win bounties sponsored by The Graph Foundation and Coinbase for leveraging Base subgraphs in their projects.
The Graph’s support of Base testnet also lays the foundation for full support across Subgraph Studio and The Graph Network when Base mainnet goes live. Developers can familiarize themselves by building Base subgraphs on testnet now to prepare for the launch of Base mainnet, so they can continue using subgraphs to query mission-critical dapp data in a decentralized way using The Graph Network.
Like The Graph, Base is powered by open source code and decentralized infrastructure. Base is secured by Ethereum and built on the OP Stack in collaboration with Optimism. In addition to relying on subgraphs for data organization, Base has tapped into a broad ecosystem of open web3 protocols and infrastructure—learn more in Coinbase’s official Base announcement article.
“We are so excited to see Coinbase taking a step towards decentralization with the launch of Base, built on open-source technology in collaboration with Optimism. The Graph is excited to be part of this launch as the decentralized indexing and query layer of their tech stack. The Graph serves the needs of Base developers by making it easy to access public data and build performant decentralized application front ends. We cannot wait to see the subgraphs that entrepreneurs and developers build on top of Base. This is a further step towards decentralization and speaks volumes of the trend we will continue to see where centralized companies launch decentralized infra powered by The Graph.”
Expanding access to web3 with The Graph
In order for web3 to onboard its next billion users, it must be built in a permissionless, interoperable, and easy-to-use way. The Graph makes it easy for developers building on Base to serve Coinbase’s 110m+ users with fast and responsive dapps whose front ends load in milliseconds. From day one, developers can reliably access public data on Base testnet permissionlessly by building subgraphs in Subgraph Studio.
As Base progresses from testnet to mainnet, it aims to progressively decentralize and become more interoperable across a variety of chains and L1 ecosystems. As web3 continues to move towards the multi-chain future, The Graph likewise continues to add multi-chain support to build subgraphs for a wide variety of ecosystems, including over 35+ different chains.
Together, The Graph and Base make it easier to build a web3 that is fast, resilient, and more accessible to a new generation of visionaries who are improving the world with decentralized technology. This is only the beginning of a vibrant, decentralized future that’s made better for everyone when built in the collaborative spirit of web3.
Start building on Base with subgraphs
Developers can begin building Base testnet dapps with data organized by subgraphs starting today! Start querying efficiently organized Base data with subgraphs by following along in the documentation.
Have any questions, or in search of others to build with? Introduce yourself in The Graph Discord and start innovating.
About The Graph
The Graph is the indexing and query layer of web3. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from over 39 different networks including Ethereum, NEAR, Arbitrum, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, IPFS, Cosmos Hub and PoA with more networks coming soon. To date, 74,000+ subgraphs have been deployed on the hosted service. Tens of thousands of developers use The Graph for applications such as Uniswap, Synthetix, KnownOrigin, Art Blocks, Gnosis, Balancer, Livepeer, DAOstack, Audius, Decentraland, and many others.
The Graph Network’s self service experience for developers launched in July 2021; since then over 500 subgraphs have migrated to the Network, with 180+ Indexers serving subgraph queries, 9,300+ Delegators, and 2,400+ Curators to date. More than 4 million GRT has been signaled to date with an average of 15K GRT per subgraph.
If you are a developer building an application or web3 application, you can use subgraphs for indexing and querying data from blockchains. The Graph allows applications to efficiently and performantly present data in a UI and allows other developers to use your subgraph too! You can deploy a subgraph to the network using the newly launched Subgraph Studio or query existing subgraphs that are in the Graph Explorer. The Graph would love to welcome you to be Indexers, Curators and/or Delegators on The Graph’s mainnet. Join The Graph community by introducing yourself in The Graph Discord for technical discussions, join The Graph’s Telegram chat, and follow The Graph on Twitter, LinkedIn, Instagram, Facebook, Reddit, and Medium! The Graph’s developers and members of the community are always eager to chat with you, and The Graph ecosystem has a growing community of developers who support each other.
The Graph Foundation oversees The Graph Network. The Graph Foundation is overseen by the Technical Council. Edge & Node, StreamingFast, Semiotic Labs, The Guild, Messari and GraphOps are seven of the many organizations within The Graph ecosystem.
- Graph Protocol
- The Graph Foundation
- February 23, 2023
The Graph Foundation
February 23, 2023