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I had configured db-sync and it is synchronizing. I had also started the Cardano-graphql. However, the message seems to be struck at

"msg":"Initializing. This can take a few minutes..."

Will this proceed only after db-synch is fully synchronized?

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Yes, it should as soon as the cardano-db-sync is synced. It depends generally on the available resources. It takes usually few days to complete.

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