How does @graphprotocol work?
Let's unpack its supply and demand!
Demand is king π
- 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 π§΅
Let's unpack its supply and demand!
Demand is king π
- 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 π§΅
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 π§΅
- 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 π§΅
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 π§΅
As of today there are 535 subgraphs incl. @Livepeer, @UMAprotocol, @SushiSwap, @AaveAave, @synthetix_io, @LidoFinance, @HopProtocol, @MakerDAO, @compoundfinance, @ensdomains and more
3/n π§΅
Revenue from usage:
- Demand-side revenue from query fees increased β¬οΈ42% in GRT terms QoQ (up β¬οΈ3% in USD terms)
- With more subgraphs migrating to the mainnet, query fee activity should continue to increase
4/n π§΅
- Demand-side revenue from query fees increased β¬οΈ42% in GRT terms QoQ (up β¬οΈ3% in USD terms)
- With more subgraphs migrating to the mainnet, query fee activity should continue to increase
4/n π§΅
Read more about The Graphβs performance π in our in-depth quarterly update
π
messari.io/article/state-β¦
@MessariCrypto @graphprotocol @GRTCrypto @GraphAdvocates #TheGraph #Web3
π
messari.io/article/state-β¦
@MessariCrypto @graphprotocol @GRTCrypto @GraphAdvocates #TheGraph #Web3
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