Weak markets? Not for everyone! 📊

Ethereum Name Service @ensdomains held strong:
- Registrations reached an all-time-high, ⬆️ 71% QoQ
- Renewals ⬆️ 3x QoQ

How about revenue & usage?

1/n 🧵 ENS revenue stays high despite market downturn. In USD terms, revenue ⬇️ 17% (⬆️ 30% in ETH terms).

Drivers of revenue:
- Registrations: ⬇️27% in USD terms (⬆️18% in ETH terms)
- Renewals: ⬆️ 66% in USD terms (⬆️ 127% in ETH terms)

2/n

Do we see initial signs of Web3 killer social media platforms?
Or is it too early to say?

🧵 1/n Recently, @petkanics wrote about Web3’s Killer Social Media platform — it will introduce a paradigm-shifting primitive or behavior that is truly native to Web3
👇
petkanics.medium.com/web3s-missing-…

2/n

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 🧵