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Indexers in the New Era: The Graph's Expanded Roles and Endless Potential

7/31/24

By:

Emma Thompson

Indexers in the New Era: The Graph's Expanded Roles and Endless Potential

Indexers in the New Era: The Graph's Expanded Roles and Endless Potential

Expanding Roles, Endless Potential: Indexers in the New Era of The Graph


The Graph is expanding to serve more of web3’s data needs by introducing new data services ranging from Firehose and Substreams to AI services like LLMs and more. This growing ecosystem will open up opportunities to provide new types of data services, especially for Indexers.


Expanding the Role of Indexers


Today, Indexers operate nodes on The Graph Network, indexing subgraphs (open source APIs) that organize blockchain data. A subgraph enables you to extract data from the blockchain, process it, and store it so that it can be easily queried, similar to a traditional database.

As The Graph evolves, Indexers will have the opportunity to explore new possibilities beyond indexing subgraphs. The Graph’s innovative roadmap enables Indexers to engage in new data services, expanding their capabilities beyond their current focus.


World of Data Services


As laid out on its roadmap and explained in GIP-0042, The Graph is continuously evolving to meet the growing demands of the blockchain ecosystem and serve the world’s web3 data needs.


Firehose


Firehose will provide real-time data streams, allowing applications to react instantly to blockchain events, thus enhancing the immediacy and responsiveness of blockchain data access.


Substreams


Substreams will offer more granular data access, enabling developers to pinpoint precisely the data they need for their applications, making data retrieval more efficient and tailored.


Artificial Intelligence


The Graph is actively developing AI capabilities, which will enable developers to deploy AI models and create AI-driven dapps. The Graph’s Indexer community will support the computational needs of these emerging AI services, promising enhanced utility for advanced AI applications.


The Evolving Role of Indexers


As The Graph broadens its data services, Indexers will have more opportunities to choose how and where they want to operate. They can concentrate on delivering services that tap into their strengths and cater to the varied needs of data consumers.


Specialization Opportunities


Expanding data services introduce new opportunities for Indexers to specialize and custom-tailor their indexing operation. Indexers can potentially provide any of the new data services coming to The Graph Network, including Firehose, Substreams, LLMs, and non-deterministic data sources.


Collaboration Among Indexers


Collaboration within The Graph's ecosystem will enhance the protocol and bring benefits to all Indexers. By working together, Indexers can share insights, strategies, and resources, leading to a more robust and efficient indexing process.


The Role of Core Development Teams


Core development teams play a crucial role in shaping the future of The Graph. They work in parallel to add new data services, further supporting and influencing the role of Indexers.


Preparing for the Future


To prepare for their evolving role, Indexers can adopt several strategies: staying informed, adapting and specializing, and engaging with the community. Developers, Indexers, and core development teams are all essential contributors to this dynamic ecosystem.


Final Thoughts


The Graph's expansion of data services is bringing new opportunities, and the role of the Indexer is in transition as a result. If Indexers adapt, collaborate, and specialize, they will thrive in this evolving landscape. This transformation enhances the scope of services Indexers can offer and significantly boosts their potential for higher earnings through increased query volume and specialized offerings.

#TheGraph #Blockchain #DataServices #AI #DePINWorld

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