GRT General: Web Edition

[Anonymous No.50635119]

News:

>Sixth wave of grants allocated by The Graph Foundation
https://twitter.com/graphprotocol/status/1552699299653451777

>Messari publishes Q2 report for The Graph mainnet
https://messari.io/article/state-of-the-graph-q2-2022

>Advocates DAO launches community-driven grants program
https://twitter.com/OliverZerhusen/status/1551644180375642113

>Indexer Office Hours #68, incl. discussion on epoch block oracle
https://www.youtube.com/watch?v=ncV-wBPlxeA

>The Graph's Community Talk #13
https://forum.thegraph.com/t/the-graphs-community-talk-13

>The Graph Council Meeting #31 Notes - query versioning and epoch block oracle "ready to be prepared for execution on-chain"
https://forum.thegraph.com/t/the-graph-council-meeting-31-notes/

>Core R&D Call #14 Minutes
https://forum.thegraph.com/t/the-graphs-core-r-d-call-14/

>Repo Watch: Experimental migration of subgraphs to L2 through GNS (PR)
https://github.com/graphprotocol/contracts/pull/585

>Indexer Office Hours #65, incl. discussion on substreams
https://www.youtube.com/watch?v=A-ViOaFrUGA

>Indexer Office Hours #64, incl. discussion on shellproofs
https://www.youtube.com/watch?v=MmA6wtCHDoE

>Soulbound Labs demonstrates no-code subgraph generation and deployment in under 90 seconds
https://twitter.com/evabeylin/status/1539328927763533824

Resources:

>Call Calendar
https://calendar.google.com/calendar/u/0/embed?src=[e-mail]

>Network Docs
https://thegraph.com/docs/network

>Network Statistics & Analytics (inc. Indexers)
https://network.thegraph.com/network
https://thegraph.stake-machine.com/
https://web3index.org/thegraph
https://graphscan.io/

>Indexer List
https://thegraph.com/explorer/participants
https://maplenodes.com/graph/indexers/

>Gas Price Tracking & Analytics
https://etherscan.io/gastracker
https://ethereumprice.org/gas/

>Notes on Delegation
https://stakingfac.medium.com/the-graph-staking-guide-5ec1455f4783

[Anonymous No.50635184]

>>50635119
>The Graph Council Meeting #31 Notes - query versioning and epoch block oracle "ready to be prepared for execution on-chain"

False they only speak about the multisig to approve gip.

[Anonymous No.50635661]

>>50635119
So when are we going to see the $40 that the crazy guy keeps talking about? 2025?

[Anonymous No.50635868]

>>50635661
When a bottle of milk goes for $500, yes

[Anonymous No.50635912]

>>50635661
yes

[Anonymous No.50636020]

>>50635661
I'd wager 6-12 trillion queries per month on mainnet, or at least 100x from what the hosted service was serving in December.

It's difficult to forecast or model growth this year since monthly gateway data is no longer published like it was before July 2021.

[Anonymous No.50637381]

>>50636020
do you think 6-12 trillion queries a month is likely to happen my nigga? and if that happens $40 is happening?

[Anonymous No.50637739]

>>50636020
this is because their numbers have been fraudulent since then.

[Anonymous No.50637891]

>>50636020
probably because of >>50637739 or because it dropped like a rock with the bear market

[Anonymous No.50638539]

>>50637381
I wouldn't be accumulating if I didn't believe that kind of volume would one day be the case. If there's a future for Web3, The Graph will lie at the heart of it. Its value to the ecosystem as both an open datasource as well as a general purpose verifiable computation platform cannot be overstated.

It's just a question of what Web3's killer apps will be that distinguish it from its predecessors rather than reinventing wheels, and with each passing day the sector comes closer to discovering them.

>>50637739
The last few glimpses into the numbers suggested a decline in monthly volume this year, which makes sense given the overall decline in crypto/web3 user activity since the bears took over. Less users, less page requests, less queries.

>>50637891
>dropped like a rock with the bear market
Pretty much.

[Anonymous No.50638964]

its over

[Anonymous No.50639371]

>>50638964
link?

[Anonymous No.50639574]

>>50638539
>The last few glimpses into the numbers suggested a decline in monthly volume this year

why dont you try to answer the fucking question next time. the data has been missing since July 2021 (original mainnet release on their roadmap that has since been removed from the internet LMAO). Yaniv burned in their VC money on GEO where you are both the user, the product, and the payer. there are no refunds.

[Anonymous No.50640127]

>>50638964
>this fud again

>>50639371
Context:
https://twitter.com/yanivgraph/status/1490666859473117187

>>50639574
I wasn't replying to a question.

They've been placing less emphasis on hosted service numbers since mainnet went permissionless, and only provide figures in passing every few months now. 38B in September, 60B in December, somewhere in the 40s based on a report earlier this year. Nothing has been "removed from the internet" as far as I can tell.

Edge & Node's efforts are divided across a number of different projects and initiatives, Geo a small part of it, and they're far from burning their cash reserves. They're aggressively expanding the team right now, which is not something a cash-strapped organization would do. There's also the ecosystem fund which I doubt could be spent in less than a few years.

>where you are both the user, the product, and the payer
That's the case when you do any sort of transacting on public ledgers, and if there's any takeaway from conversations in SF, it's the beast of modern industry at large in ways most consumers and even many tech professionals are totally unaware of.

[Anonymous No.50640358]

>>50640127
thanks, seems reasonable enough in context

[Anonymous No.50640539]

>>50640127
this is a huge wall of text that does nothing to address the delay in mainnet, or the missing query information for something that is should be public on a decentralized permission less chain.

how much do the pay you to shill here?

[Anonymous No.50640928]

>>50640539
>does nothing to address
You didn't ask about them.

Full migration depends on a number of different prerequisites, the major ones being the epoch block oracle for non-eth-mainnet indexing rewards and settling on a definitive solution to indexing offchain data from sources like IPFS in a manner which provides for indexing rewards.

The epoch block oracle should be out soon. Concerning offchain DA, I would not be surprised if GraphOps' gossip network ends up being adopted as a stopgap solution for this, but this is purely speculative. Might be worth asking about.

>missing query information
Shellproofs are still being peer reviewed. There's been fud about it not just being dropped on the public before it's fully integrated into protocol infrastructure, but strategically speaking, initial exclusivity makes sense in order to preserve a first mover advantage with bleeding edge technology. Also, unlike most software, cryptographic innovations need thorough professional review before use. Use of homecooked crypto without review is considered very bad form in the field.

[Anonymous No.50641035]

Is this going to be another Link where everyone uses it but the token never goes up? What's price target here? I'm pretty close to buying in but don't wanna wait ten years to see some profit

[Anonymous No.50641271]

>>50641035
GRT is where price speculators go to die anon. Our interest is in long-term staking revenue. Personally though, I don't believe the current range will be tenable when the hosted service is sunset.

[Anonymous No.50641316]

when $10?

[Anonymous No.50641340]

>>50641271
Thanks. I'm gonna hold off. Don't care about staking or the tech

[Anonymous No.50641457]

>>50641340
>>50641271
It's pretty dumb to say stuff like their price isn't going to go insane eventually.

People don't know about subgraphs, even most developers. Let alone how to build them. Assemblyscript is a horrific language to program in if you are coming from anything. But when you do learn how to build them and now to manage the quirks of the language, it is an infinitely better and more enjoyable tool than any other provider could possibly offer.

If shell proofs become viable and we get verifiable queries back on chain, this allows the graph to function as an L2, and provide a new paradigm for smart contract building in which events, which cost no gas, can be used as primitives for deriving data off chain, and then encoding data back on chain. The possibilities there are absolutely absurd.

[Anonymous No.50641638]

Feeling shy

[Anonymous No.50641734]

>>50641457
Total niceness guaranteed

[Anonymous No.50641777]

>>50641457
>It's pretty dumb to say stuff like their price isn't going to go insane eventually.

My point was that even by boomer metrics, GRT in its current range will be undervalued after migration, but that attempting to predict its price action has not panned out well for many anons.

But yes, you're absolutely correct about the enhancements and value the protocol brings to both developer experience and the broader ecosystem.

I'm convinced that AS is going to become the C to Solidity's ASM in blockchain development and that higher levels of abstraction in data processing will be unlocked in the future as the protocol's capabilities mature and scale up.

I can't even imagine what verifiable queries are going to make possible when fed back onchain or elsewhere. The potential applications are mind boggling and it's going to pose an existential threat to a lot of projects, businesses, industries.

[Anonymous No.50641781]

>>50640928
HUGE WALLS OF TEXT
CANT READ CONTEXT CLUES
PLAYS DUMB ABOUT SEMANTICS

FUCK OFF YANIV

[Anonymous No.50641949]

>>50641777
Trips. Truth. Booyaka Babylon.

[Anonymous No.50642012]

>>50641457
The last part sounds absolutely huge. Can you expand on it? Which events, you mean blockchain txs? Those cost gas. What do you mean to use them as primitives for deriving data off chain? Please explain as if I have brain damage
>I do because I bought at 40c

[Anonymous No.50642229]

>>50642012
The best way to use the graphs network is by doing some computation on an event. Which is basically a log of some information you write within the smart contract so you can more easily access that data off chain. Such as a transfer event that gets emitted when you transfer an ERC-721 token. Events cost zero extra gas to emit as they aren’t changing blockchain state, they are derived state, which can’t be used for anything at the smart contract level. But you can actually store a pretty huge amount of data in events for free, and if we have verifiable queries you can use events as a data source, that is on chain, but pay zero gas to use that data, and from your subgraph bring that data back on chain, closing the loop effectively. Allowing you to offload heavy computation to the graphs network where you don’t need to pay for gas, then bringing the results of the computation back on chain for use in your smart contract.

[Anonymous No.50642348]

>>50641457
>just use a proprietary software language that's awful with almost no history and a non-positive userbase.
is Charles shilling GRT now?

choosing to die in the AS hill is stupid as shit. actual ML will be too accessible by the public by the time AS has any meaningful development. it's like putting all your money on betamax while using Mp4 in daily life.

[Anonymous No.50642371]

>>50642229
you cant make a system thats both consistent and complete. if they run with this they are effectively signing on for a ticking time bomb.

[Anonymous No.50642462]

>>50642371
Are you retarded or just baiting. Do you know what a verifiable query is? It’s a type of snark that allows you to mathematically prove that whatever computation you did in the subgraph is valid and didn’t change the input data that comes from the chain. This isn’t a ticking time bomb it’s just an application of cryptography.

[Anonymous No.50642505]

>>50642229
The events themselves aren't exactly free, and they tend to be encoded in a manner which conserves space as such, but they can be used to reference larger amounts of data offchain. This offchain data can even be pulled and stored in subgraphs, but it might be offputting to indexers or result in far more expensive queries if excessive, so use discretion.

Still way cheaper than doing everything onchain though.

>>50642348
What does this have to do with ML?

>>50642371
Elaborate.

[Anonymous No.50642527]

>>50642229
OK I think I get the event log idea, but how does that relate to onchain data sourcing? How can subgraphs, which are basically read only, "bring that data back on chain"?

[Anonymous No.50642552]

>>50642527
The graph is working on verifiable queries to the network via a smart contract. So you can query a subgraph via a contract and use that data within it.

[Anonymous No.50642580]

>>50642552
Oh
Oh fuck
Oh shit
Wow
That's actually insane, $40 EOY might actually very well be FUD
Thank you anon

[Anonymous No.50642598]

>>50642505
If it’s a high leverage subgraph with big applications on chain, definitely will be worth indexers to index. But yeah events aren’t “free” because they still require a transaction to fire to use them. But you can store decent chunks of data in them. Especially compressed data.

[Anonymous No.50642619]

>>50642580
Always anon. Happy to spread some info on some exciting stuff.

[Anonymous No.50642738]

gongle of blorgchen

[Anonymous No.50642803]

>>50638539
>>50640127
>>50640928
>>50641271
>>50641777
>>50642505
There is literally over 6 billion grt’s in supply. it doesn’t matter how great this project is, at the end of the day, any coin with this much supply will never increase all that much in price unless some substantial burning mechanic is put in place, and it doesn’t look like there will be one implemented any time soon. You’ll br lucky to see $4 eoy at this rate

[Anonymous No.50643138]

>>50642552
Being able to verifiably use subgraph data in smart contracts will be very powerful, though the real magic imo lies in the cross-chain interoperability it facilitates, and that's even before composability comes into play. Abstract constructs will emerge which transcend networks and which are unfathomable, expensive, and risky with today's technology. Every chain and parachain a strand in the spider's web.

>>50642803
see
>>50641271
Not interested in price granted there's stability, only revenue growth, even though I could begin to think about semi-retirement at $4, or at least quitting my job to work in Web3 full time without worries about stability.

[Minoosh No.50643439]

Hey Sirs.
What's every body doing this week end?

Hope to hear from you,
Minoosh

[Anonymous No.50643645]

>>50642803
there already is a burn mechanism. every time an indexer gets slashed and when a curator signals i believe a percent is burned. the protocol will eventually become deflationary.

[Anonymous No.50643901]

>>50643439
Party tonight, hacking this weekend.

>>50643645
Yep. 2.5% slashing though part of that's distributed to fishermen, 0.5% delegation, 1% curation, 1% query fees.

[Anonymous No.50645189]

When coin reach 2.80 again sirs. My village is hungry

[Anonymous No.50645512]

>>50645189
4.20

[Anonymous No.50647068]

Good morning sirs

[Anonymous No.50647309]

>>50647068
is that you minoosh? how is the weather in mumbai?

[Anonymous No.50647445]

>that pump
>that volume
Are we back? I'm about to fomo back in

[Anonymous No.50648509]

[Anonymous No.50648517]

[Anonymous No.50648521]

[Anonymous No.50648531]

[Anonymous No.50648539]

>>50642803
yes, we will be lucky indeed to see $4 eoy

[Anonymous No.50648567]

You lot are fucked. Jump whilst there's still the opportunity. GRT is slow as fuck and the tokenomics are fucked as well

[Anonymous No.50648669]

>>50648509
>>50648517
>>50648521
>>50648531
>>50648567
Damn, that's big news. Is that why PRQ pumped so much with everything else? Oh, it didn't? Damn.
Thanks for the bumps btw

[Anonymous No.50648711]

>>50648669
Patience is the name of the game my friend

[Anonymous No.50648734]

>>50648711
Just two more weeks bro, you'll get your pump once you get a proper T1 listing.
Wait, you did and the price dumped? Damn. But that's bullish right? Trust the plan.

[Anonymous No.50648840]

>>50648509
>>50648517
>>50648521
>>50648531
>>50648567
>>50648711
You seem scared. As you should be.

[Anonymous No.50649166]

>>50648539
That’s a huge increase and would be nice desu

[Anonymous No.50649214]

morning sirs. it's over

[Anonymous No.50649886]

>>50649214
Why didn't you heed his advice, /biz/?

[Anonymous No.50650473]

>>50635119
>Messari publishes Q2 report for The Graph mainnet
>https://messari.io/article/state-of-the-graph-q2-2022

40k$ revenue for a 1 billion market cap crypto in Q2 lmao

[Anonymous No.50650713]

>>50650473
Damn, almost like... It's still early? Nonono it's better to buy in when the revenue shoots up to a cool million dollar a month and beyond, I'm sure the price won't be affected at all my good sir. Do NOT buy the GRT.

[Anonymous No.50651028]

>the nintendo of blockchain
>the duckduckgo of kentucky fried chicken
>the opposable thumbs of fingers
>the uber of mushrooms
>the blockchain of google
>the double-decker of party favors
>the plug of butts
>the barloid of the garloid
>the askjeeves of bike locks
>the yahoo of door handles
>the backbone of defi
>the google for web3
>the google of crypto
>the bitcoin of cryptocurrency
>the catholicism of finance
>the sausage of hotdog
>the garlic bread of money
>the API for APY
>the sanrio of blockchain
>the mahatma ghandi of these cocaine calisthenics.
>the zippo of crypto
>the lamborghini of ferrari
>the doordash of runscape
>the uniswap and coingecko
>the yoo-hoo of chocolate drinks
>the sasha grey of anal porn
>the thai ladyboy of trannies
>the starbucks of coffee
>the katrina of hurricanes
>the never of womanhood
>the strawberry milk of roofing tiles
>the blacked of pornhub
>the anal fissure of ass problems
>the bag of hodling of bags
>the tranny of blockchain
>the bing of chainlink
>the chai latte of iraq
>the chicken of barnyard animals
>the kerrygold of butter
>the big up to your chest
>the pnd of /biz/
>the xenophobe of xenogeny
>the squat plug of web search engines
>the sneed's of seed and feed
>the dyson of vacuums
>the fly of stink
>the pappy van winkle of bourbon
>the grey goose of vodka
>the rinnegan of visual prowess
>the torn condom of my love
>the malena morgan of lesbians
>the toyota of cyberspace
>the yahoo of sickening losses
>the amazon of worker exploitation
>the amazon of blockchain
>the orange man of the democrat party
>the yandex of yolo
>the 4chan of reddit
>the red robin of APIs
>the epstein of pedophiles
>the Epstein of kids
>the morton's of sea salt
>the dd cup of bra sizes
>the apocalypse now of war movies
>the white person of people
>the quadroon of niggers
>the white of supremacy
>the mcdonalds of blockchain
>the webcrawler of rock&roll
>the pajeet scam of crypto
>the walmart of tokens
>the corona of viruses
>the chainlink of arby's

[Anonymous No.50651600]

>>50649214
>>50649886
if I would have listened to minoosh I could have multiplied my stack many times over

[Anonymous No.50651640]

The Second Life of Metaverse

[Anonymous No.50652475]

The Graph of shitcoins

[Anonymous No.50652699]

>>50642462
Some unsolicited advice for you…not sure if you followed Link but this kind of attitude isnt conducive for attracting investors.

99.9% of people dont know wtf youre talking about. You need to be able to explain this project to someone in common English. One of the biggest mistakes the link community made was thinking they could ride strictly on fundamentals. Biting everyones head off who asks questions about the project might just cost you the next bullrun

[Anonymous No.50652736]

>>50652699
just tell people it's the google of blockchain. you know how google indexes web 2? well the graph indexes web 3. don't you wish you could go back in time and buy google super early? retail normies will eat that shit up

[Anonymous No.50652750]

>>50652699
>implying /biz/ has any kind of perceivable impact on anything but sub 100m mcap dogcoins
lmao, and also lol
rofl, even

[Anonymous No.50653205]

>>50652699
I don't think the anon he was responding to was posting in good faith to begin with.