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Since 2018, The Graph (GRT) has been the go-to tool for blockchain analysts and developers to access, index and query historical data on Ethereum (ETH) and several other Ethereum virtual machine (EVM)-compatible chains. It's even been dubbed "the Google of blockchains" to signify its prominent role in on-chain data analytics. However, The Graph has relatively limited coverage outside of EVM-compatible chains. Additionally, most of its key architectural elements, such as the query engine and database, are kept under the same monolithic module, limiting the protocol's applicability to some specific use cases.
Subsquid Network is an emerging alternative to The Graph. It uses a much more flexible modular approach that lets you index on-chain data across various blockchain networks. Subsquid also boasts innovative features like a decentralized data lake, a cloud-based data querying solution and a Typescript-based query development framework — Squid SDK.
Key Takeaways:
Subsquid Network (SQD) is an innovative decentralized data lake and query engine that facilitates the access and retrieval of blockchain data held on more than a hundred Layer 1 and Layer 2 platforms.
Subsquid has several advantages over The Graph’s older protocol for on-chain data query, including a wider coverage network and access via the cloud.
All data processing and storage capacity on Subsquid is decentralized, using special worker nodes.