The Graph Foundation has collaborated with Coinbase to bolster NFT transfer indexing capabilities on Base, an Ethereum Layer 2 platform. This integration leverages The Graph’s multi-chain indexing technology to accelerate decentralized application (dApp) development by enabling rapid deployment of subgraphs—specialized data indexes—within ten minutes. These subgraphs efficiently track NFT transactions and smart contract events, enhancing Base’s scalability while improving developer engagement.
Early indicators reveal heightened developer activity on Base, with real-time data querying now supporting dApps requiring precise NFT transfer information. Historical trends from The Graph’s prior integrations with Layer 2 solutions like Arbitrum and Optimism suggest potential growth in utility for The Graph’s native token (GRT) and ecosystem expansion on Base. While the partnership strengthens Base’s position within the Ethereum landscape, immediate market impacts on GRT or Ethereum liquidity remain subdued.