GRT Query Fees are coming!!

[Anonymous No.49487463]

If we’re already seeing this many queries fees now…

[Anonymous No.49487479]

>>49487463
Wow bag holders are making 3 cents per day!

[Anonymous No.49487510]

>>49487463
How are indexers closing allocations on the hosted service when the entire excuse for not closing allocations was fees/L2, when neither of these are fixed on host. what changed other than GRT devs faking their numbers again?

[Anonymous No.49487541]

>>49487479
Not even 1% of sub graphs are active on main net.

Once the hosted service has been sunset. We might see something like 500k grt a day in query fees.

[Anonymous No.49487606]

>>49487541
500k grt a day in query fees is 30 million in revenue a year. But now image that in 5 years from now when we have 100,000 more dapps that need the use the graph

[Anonymous No.49487621]

>>49487463
Can any GRT holders explain to me what sort of queries are actually made using GRT? Thinking of buying around 1m GRT this year as a long-term hold

[Anonymous No.49487700]

>>49487621
also wondering if i should do this but i think i might take a more conservative approach and pick up 100k-200k

[Anonymous No.49487716]

Is 10k GRT still make it status?

[Anonymous No.49487738]

>>49487479
If web 3 keeps growing, I think that 3c could turn into $3000 a day within a few years.

[Anonymous No.49487744]

>>49487621
nothing meaningful or valuable. youll see anons shilling that GRT queues are up 3/4/5x, when it indexes defi data. Defi activity has slowed dramatically, but somehow we're supposed to believe indexed activity is up a couple orders of magnitude. projects that formerly used GRT are building their own proprietary indexes to agreed upon industry specifications. their newest marketing push is to suggest/expect a web browser
the user has to pay for will solve world hunger and homelessness.

[Anonymous No.49487768]

>>49487510
The hosted service is free.

Mainnet query fees are skyrocketing right now, so the odds of an indexer here or there paying extra gas to claim some of those fees increases. It's still a small portion of the total fees being collected, more of which will be seen after L2.

[Anonymous No.49487811]

>>49487768
nothing in host/mainnet is being settled or paid out right now. these "fees" just total what "would" be collected if the product actually works. which it doesn't.

[Anonymous No.49487824]

>>49487768
that screenshot is also from the hosted service epochs, not mainnet

[Anonymous No.49487866]

>>49487621
>interact with smart contract
>smart contract interaction emits events
>the graph indexer listens for onchain events
>uses subgraphs to convert event metadata into different entity types based on dev specification
>end users query subgraphs for these entities and their relationships

Oversimplified explanation, but it's something like that.

[Anonymous No.49487881]

>>49487744
But what does it mean to query defi activity? That's what I'm trying to understand. Why is this important? DeFi is all scams too so that's not a good foundation for a bullish case. People made the same argument for LINK and it crashed for a year straight

[Anonymous No.49487913]

>>49487881
link works

[Anonymous No.49487926]

>>49487744
You can go into the hosted service on the graph’s site and check out all the subgraphs being made (approx. 100 new subgraphs a day).

A lot of these subgraphs link to their projects GitHub repo’s - so you can go through them and see that DeFi, DAOs and NFT projects are certainly not dead.

Which shows that there are dozens of new projects are popping up and integrate grt in their dapps - every single day!

[Anonymous No.49487945]

>>49487811
wrong

>>49487824
there are no hosted service epochs.

>>49487744
this is the worst fudding i have ever seen

[Anonymous No.49487949]

>>49487913
It was also down 90%. I just don't understand what the end goal of "blockchain indexing" is.

[Anonymous No.49487953]

>>49487824
The screenshot is from main net. You are the worst fudder ive ever seen. They only have to go the the graphs site to see for themselves hahahahaha

[Anonymous No.49487978]

>>49487926
fuck off omega maker. subgraphs created on host are meaningless if the product doesn't work and data doesnt have a use case. even if the product did work small or at scale. which it doesn't.

[Anonymous No.49488016]

>>49487978
Lol the proof is in the pudding

Every dapp ever created will use the graph. Deal with it.

[Anonymous No.49488022]

>>49487978
stay mad

t. omegakeker

[Anonymous No.49488027]

>>49487945
>there are no hosted service epochs

these anons are straight up lying to you, you can see for yourself

thegraph
com/explorer/network/epochs

[Anonymous No.49488061]

>>49488027
Are you serious?

Those are the main net epochs

There are no hosted service epochs. The hosted service is free… no query fees are paid on hosted…

[Anonymous No.49488071]

>>49488027
the explorer is literally for fucking mainnet, and it has been since last summer

hosted service info lives in https://thegraph.com/hosted-service/

[Anonymous No.49488085]

>>49488027
You know nothing. All your fud is therefore disregarded. Nice work.

[Anonymous No.49488201]

>>49488085
this anon is lying to you. their product doesn't work.

[Anonymous No.49488230]

>>49488201
you had months to fud and accumulate

nothing can stop what's coming

[Anonymous No.49488247]

here are your "largest subgraphs" with less than 30k at stake

thegraph
com/explorer

[Anonymous No.49488260]

>>49488230
It’s time!

[Anonymous No.49488289]

If you're too much of a brainlet to understand how a database works and what its function is, a basic idea of how to program at least a simple one (and hence learned why you would want to use something like SQL for performance) you should just buy dog shitcoins instead of The Graph.

[Anonymous No.49488406]

>>49488289
My only complaint about The Graph as a developer is that its current specification doesn't include joins in query time like SQL. Yet.

Where is the composability Alexandre!

[Anonymous No.49488510]

>>49487881
GRT is used for querying the blockchain, a query might return the name of a token from the contract address, or return the last hour worth of 5 minute candles for your chart. The thing is though you can query the blockchain directly without GRT, and a lot of dapps do this. GRT simplifies some types of queries, like getting candlestick chart data, or determining when a contract was created, which you can also do without GRT but they require several requests instead of one. But contact details and transactions and current prices and live data streams are all easy with just using web3.js or similar and querying the blockchain directly. GRT also introduces a latency overhead because you're querying GRTs cached data instead of querying the blockchain directly. You also need to maintain a subgraph, which may or may not be easier depending on what you're building. Uniswap uses GRT for their price and pool data last time I checked and also their charts. P00coin uses Bitquery for their historical chart data and regular web3.js requests to the blockchain for everything else including making their own candlesticks from price data. Pinksale has about a dozen custom contracts and they use direct blockchain requests for everything

[Anonymous No.49488576]

>>49488510
So it's like Chainlink if the Token Not Needed fud were true?

[Anonymous No.49488648]

>>49488510
>>49488576
Using The Graph for simple balances, tickers, and contract dates is like using a bazooka to hunt rabbits.

[OmegaMaker !i6apW.sJiU No.49488951]

Mooning

[Anonymous No.49489666]

>>49488648
this would be true if the bazooka cost 1.2b and didnt work but this anon is essentially correct

[Anonymous No.49489727]

>>49488951
1 million grt in fees per day eoy

[Anonymous No.49489995]

>>49489727
This is not an unreasonable target, especially at the current price.