We are excited to announce that Subsquid, the most developer friendly way to build and deploy custom GraphQL APIs for blockchain use cases, will now be available for developers to build faster and better dApps on Reef Chain.
Subsquid brings a reliable and amazing indexing solution to Reef Chain that will provide developers access to high-quality data, to help build faster and better dApps.
Subsquid, which was founded in late 2021, has developed Squids, a new standard for extracting and utilizing Web3 data. A Squid allows dApp developers to retrieve Web3 blockchain data in a fast, easy, reliable and cost-effective way, and use it to build next-gen blockchain applications with advanced features like live data updates with GraphQL subscriptions.
Reef Chain is a Layer-1 EVM (and soon Multi-VM) compatible blockchain, designed to make Web3 accessible to the next billion users. Reef provides unparalleled speed, security and scalability, all at extremely low gas fees. Reef also supports on-chain governance, and scheduled forkless updates which enable technical updates to be rolled in without disrupting any dApp deployed on Reef Chain.
Reef is open-sourcing indexing code on Squid to community and dApps - https://github.com/reef-defi/reef-subsquid-processor. This way any dApp can deploy its own Squid with one line of code and get access to its own instance of indexed data. For even simpler usability, we are also offering a public GraphQL endpoint where users can test and start integrating dApps at no cost. Check out https://squid.subsquid.io/reef/graphql.
With this integration, Reef users will be able to easily access and use on-chain data, track various functionalities, and stay updated with the progress of Reef Chain. They will also be able to analyse how the ecosystem is flourishing, draw useful insights from on-chain data, and estimate its growth potential in the upcoming years from a long-term perspective.
As for developers, they will now be able to develop and deploy custom GraphQL APIs for advanced blockchain use cases. GraphQL is a query language that prioritizes giving clients exactly the data they request, and makes APIs fast, flexible, and developer-friendly. This integration will enable developers on Reef Chain to access and use on-chain data easily.
Being EVM compatible, Reef already offers an extremely low barrier of entry to developers. Now, developers building dApps on Reef will easily be able to parse on-chain information and build more sophisticated applications. This will further boost the adoption of Reef Chain among both blockchain developers and enthusiasts.
As part of the updated roadmap of 2023, Reef will soon launch a dApp store. The dApp store will use Subsquid for querying and indexing various information related to the available dApps, helping users stay up-to-date with the latest dApps being deployed on Reef. Moreover, NFT enthusiasts who visit the marketplace will be able to search through on-chain information regarding any NFT’s past history, and make an educated investment choice.
Denko Mancheski, the CEO & Founder of Reef, said, “This is a big step forward for us in offering more value and utilities to the Reef community. 2023 is a big year for us, and we are looking forward to making giant strides. Subsquid will offer a new dimension to the on-chain activity of Reef Chain, opening new avenues to developers limited only by their imagination.”
Subsquid is the team behind Squids, a new standard for Web3 data extraction and transformation. Squid SDK is a complete indexing toolkit and hosted service for the next generation of dApps, on-chain analytics, and revolutionary blockchain technology. Squids already powers hundreds of applications across dozens of EVM, Substrate, and WASM-based chains. With modular architecture and a host of advanced features, Subsquid offers the most resource-efficient and developer-friendly way to build, test, and deploy customized APIs for blockchain-facing applications.
Reef is an EVM-first blockchain designed to make Web3 accessible for the next billion users. Reef offers high scalability, affordable transactions, and utilizes Nominated Proof of Stake, extensible EVM, and on-chain upgradability. Reef is the future blockchain for NFTs, DeFi, and gaming. It can easily accommodate the needs of the future of Web3 development. Reef is an ideal blend of old and new, a trait that makes it eternal and timeless.
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