There’s a Subgraph for that Swap Platforms #UNI #SUSHI # CAKE #GRT
Time for the next edition of there’s a subgraph for that. This one will be for the traders and how #GRT could play into platform completion and how traders may use it to find the best platform for their needs and even how new coins could use it to determine the best listing structures.
There are subgraphs for most DeFi trading platforms to include some of the most well-known currently like Uniswap, Sushiswap, Pancake swap, and others. More will probably get added as growth comes to DeFi trading. People may wonder why subgraphs and GRT even matter to trading. Can’t technicals and fundamentals just answer all your questions? Isn’t that how trading works? Is it just based on sentiment and hype? To a point that may be correct. There have been great articles on how social signals play into trading and how amazing it can be. Will all this is good the key in Subgraphs for Swap platforms is the usability of the data and being able to automate strategies and focus your trades.
In crypto something is always pumping or dumping but how do you know where to invest how do you find the data to compare. The place to start is researching trading platforms and the backbone to getting the data from these platforms is the graph protocol and the subgraphs. Subgraphs ties to swap data allow for algos to be built for large traders, they allow for bots and can also give people the info needs to disrupt or spot bots when trading. This can play a big role in timing a trade. The data provided by the subgraphs is key to the dApps that could be built off of it. For example, do you want the get the best gas rate on your trade then a dApp can pull fee data across swap graphs run a comparison, and get you the lowest fee? Another example do you want to get as close to the bottom and top for a trade? Will, you could have a dApp that queries swap buy vs sell sentiment to show the best time to expect a low entry and high exit. These are just some ideas so take it for what it’s worth. In the next article, I will be doing a deep dive into real-world use cases and future subgraphs. Also keep an eye out for my article on the data tidle wave coming to blockchain and how utility tokens will dominate the data revolution later in the month.