Chainstack, a blockchain data provider, has launched a new service called “Chainstack Subgraphs” that allows developers to create subgraphs and post them for a fee. Subgraphs are open-source application programming interfaces (APIs) that query blockchains for data and sort it in particular ways. The new service will offer three main benefits to users compared to the decentralized network: transparent pricing in fiat currency instead of GRT token, integration with many blockchain networks, and easy indexing and discovery for mid-tier or small-tier subgraphs.
Chainstack’s CTO, Eugene Aseev, stated that the company is not a competitor to The Graph and GRT token and will participate in The Graph network once the new service is launched. The Graph team stated that the hosted service will not be shut down soon and will only be shut down “once we reach feature parity with the decentralized network.”