According to CoinDesk, The Graph Network, a decentralized indexing layer for blockchain data, has announced its expansion to over 40 blockchains, including Arbitrum, Avalanche, Base, and Celo. This expansion allows developers building on these chains to leverage The Graph's network for lower costs and competitive syncing times. Tegan Kline, CEO of Edge & Node, a project developer, expressed excitement over The Graph Network's multichain evolution, stating that more chain ecosystems now have open access to blockchain data, empowering people to control the data they need on their own terms.
The Graph collects, processes, and stores data from various blockchains to present to users. Its decentralized nature means it is governed by core developer teams, with Edge & Node being the main one. The Graph's native token, GRT, has experienced significant growth since the beginning of the year, rising nearly 150% from $0.15 in January to its current value of $0.45.