A year after The Graph Network launch, it's home to 150+ Indexers, 2,300+ Curators & 8,000+ Delegators, weaving a lattice of web3 collaboration.
These contributors are using GRT to provide core data services to dapps.
On The Graph Network’s 1st Birthday, let’s recap the year🧵
Usage of The Graph can be viewed as a proxy for web3 development activity.
Developers building & querying subgraphs have consistently grown ~14% MoM (550% YoY) & accelerated in July with the launch of Subgraph Studio. Looking forward to welcoming the next wave of builders! 👨💻👩💻
Combined deployed subgraphs on the network & hosted service continue to grow ~15% MoM (282% YoY), with over 31,000 lifetime subgraphs 🌐
Dapps have steadily been migrating subgraphs to the network, fueled by the ethos of decentralization, public APIs & open data accessibility.
Developers are creating subgraphs for a diverse range of uses. DeFi, NFTs & Identity lead the charge on both the hosted service & the network, with increasing demand for network data for L2 chains, & DAO voting.
Name a use case or a dapp you’d like to see using subgraphs! 🌠
Avg. daily query volume on the hosted service has risen to over 1.8 billion queries per day & combined volume on the network & hosted service is growing ~21% MoM (569% YoY) 🤯
Dapps are progressively migrating to the network in waves, prioritizing decentralized infrastructure.
Collectively, queries on the network & hosted service have been accelerating, signifying growing dapp adoption. The web3 movement can’t be stopped.
Over ✨370 billion✨ queries have been made on the hosted service & the network combined in The Graph’s lifetime!
Another perspective: query fees on the network are growing steadily, having eclipsed over 265K GRT in fees on the network to date.
Query fees are dominated by dapps using DeFi, NFT & social subgraphs, though additional use cases are emerging. Any dapp can use these subgraphs!
There are many ways dapps can use subgraph data - whether you’re building a DeFi dapp, a front-end for your DAO, an NFT marketplace, analyzing protocol data or looking to buy the constitution!
The Graph is supporting many core applications in the web3 community today ✨
It’s been an inspiring year for The Graph community 👨🚀
The web3 metamorphosis is just beginning & The Graph is here to make building in web3 as easy as possible!
Join the community for another exciting year & stay up to date with the network 🔎 thegraph.com/explorer
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A subgraph by @0xProject is live on The Graph’s decentralized network! 🪄
0x is a liquidity aggregator used to power DeFi dapps like @matchaxyz, which enables people to trade on multiple DEXes at once.
How is 0x’s subgraph used on Matcha? ⬇️
0x uses a subgraph to provide @matchaxyz users with detailed history of their swaps🔀
The 0x subgraph tracks events emitted by the 0x Protocol’s smart contracts, making it easy to compose a history of user activity neatly within Matcha’s user interface💡
The subgraph for @slice__so is live on The Graph’s decentralized network! 🍰
Slice is a decentralized commerce protocol that enables on-chain sales of anything—physical goods, digital collectibles & more: slice.so
Slice enables users to sell anything (NFTs, services & physical items alike) on-chain & split payment between multiple addresses 💵
Slice uses ERC-1155 tokens as “slices,” or fractionalized NFTs, to represent ownership—which can be transferred or sold on NFT marketplaces.
Slice facilitates decentralized commerce in web3 🛒
In addition to using a decentralized subgraph, Slice champions decentralization via DAO governance & by rewarding users with SLX governance tokens when they withdraw ETH from slicers.
1/ Brand new to web3? Simply learning more? Here’s how you can start participating with The Graph today ⚡
In this thread you’ll learn about The Graph ecosystem & how to start contributing as a Developer, Indexer, Curator, or Delegator.
Let’s get started! ⬇️🧵
2/ What is The Graph?
The Graph is an indexing protocol for querying blockchain networks like Ethereum, NEAR, IPFS, & most widely used EVM-compatible blockchains like Polygon, Arbitrum, & Optimism.
3/ Using The Graph, developers build & publish open APIs, called subgraphs, making data easily accessible.
The Graph serves billions of queries per day to countless web3 apps.
This video from @finematics gives a great overview of how the network works: