Kyber Integrates The Graph For Data Analytics

Kyber Integrates The Graph For Data Analytics

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An extremely capital efficient liquidity protocol, The Kyber DMM maximizes the use of capital, optimizing returns for liquidity providers. To better provide accurate data when it comes to liquidity and transaction data, Kyber is building the Kyber DMM analytics page by using a subgraph by The Graph. 

An Introduction To The Graph 

The Graph is described as the indexing and query layer of the decentralized web, allowing developers to deploy open APIs, known as subgraphs. Applications can query subgraphs using GraphQL. 

Currently, The Graph supports indexing data from IPFS, PoA, and Ethereum and will also see more additions from other networks. So far, the Graph has deployed more than 16,000 subgraphs created by over 20,000 developers, including for applications by Kyber. 

Working With The Graph 

Kyber’s DMM Analytics provides information about the following.  

  • Value locked 
  • Trade volume
  • Transactions
  • Amplified liquidity
  • Price changes
  • Top Tokens
  • Liquidity Pool Details 

Collaborating with The Graph and using the subgraph service helped Kyber set up Kyber DMM’s analytics page, helping liquidity providers, dApps, aggregators, and traders who use Kyber gain the required insights. 

Data is currently tracked on Ethereum, and Kyber will soon be able to track data on Polygon (Matic) as well, thanks to their recently announced partnership with Polygon. 

Liquidity Pool Information 

The creation of liquidity pools for token pairs on Kyber DMM is fairly simple and can be completed in no time. Once a pool is created, liquidity providers can start providing liquidity for tokens, earning a fee. 

Kyber’s partnership with The Graph will help provide accurate Kyber DMM data, including liquidity providers, traders, and dApps. 

The Indexing Protocol For Querying Networks 

The Graph allows developers to build and publish open APIs, which are known as subgraphs. Applications can query these subgraphs using GraphQL. Currently, The Graph supports indexing data from Ethereum, PoA, and IPFS. Developers have created over 16,000 subgraphs for applications such as Gnosis, Balancer, Uniswap, Synthetix, Aragon, Livepeer, AAVE, DAOstack, Decentraland, and many more. 

Using The Graph, applications can present data efficiently, which other developers can also use. They can also deploy a new subgraph or query existing ones in The Graph Explorer. The Graph Foundation oversees the Graph Network. 

Delivering Sustainable Liquidity 

The Kyber Network is a liquidity hub connecting liquidity from an array of sources. It can connect to liquidity from various protocols, giving the best rates to dApps, DeFi platforms, aggregators, and retail users. 

Kyber allows developers to build applications that include ERC-20 payment flows, Instant token swapping, and financial dApps. dApps can easily integrate different protocols based on their liquidity needs. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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