The Graph Network reported 1.95 billion monthly queries in July 2024, signifying an 11x growth from July 2023 due to its shift to complete decentralization.
The transition from a hosted service to a fully decentralized network is part of The Graph's 'Sunrise of Decentralized Data' initiative, launched in October 2023.
Subgraphs—open APIs making blockchain data accessible—have increased by 361% since Q1 2024, highlighting the rapid developer adoption of decentralized indexing.
With over 60 supported blockchains, the technical migration improved indexing capabilities, query performance, and ensured cross-chain compatibility for developers.
Collection
[
|
...
]