How does @graphprotocol work?
Let's unpack its supply and demand!
Demand is king 👑
- The Graph serves demand for on-chain data from blockchains, storage networks, p2p networks
- Data consumers (apps & devs) pay to query on-chain data
1/n 🧵
Supply:
- Indexers operate nodes and receive indexing rewards & query fees
- Delegators help secure the network and delegate tokens
- Curators signal valuable data to be indexed
Participation on The Graph ecosystem continues to increase QoQ @GRTCrypto @edgeandnode
2/n 🧵
The number of subgraphs launched to the mainnet has been growing since 2021.
As of today there are 535 subgraphs incl. @Livepeer, @UMAprotocol, @SushiSwap, @AaveAave, @synthetix_io, @LidoFinance, @HopProtocol, @MakerDAO, @compoundfinance, @ensdomains and more
3/n 🧵
Revenue from usage:
- Demand-side revenue from query fees increased ⬆️42% in GRT terms QoQ (up ⬆️3% in USD terms)
- With more subgraphs migrating to the mainnet, query fee activity should continue to increase
4/n 🧵
Read more about The Graph’s performance 📊 in our in-depth quarterly update
👇
messari.io/article/state-…
@MessariCrypto @graphprotocol @GRTCrypto @GraphAdvocates #TheGraph #Web3
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