According to data provided to Cointelegraph on Dec. 15, Network growth appears to remain strong for blockchain indexer The Graph. Launched two years ago, The Graph network allows developers to easily search, index, use, and publish public blockchain data.
From November 2021 to November 2022, the total number of developers on The Graph (both active and inactive) increased 145% to 38,000. Over the same period, average TGR query fees per month increased 1,191% to 354,000, while total lifetime TGR queries on the decentralized network increased 984% to 5.2 billion.. Finally, the total number of subgraphs, or proxies for applications, increased by 122% to 641 in the decentralized network in the same period.
Since the network’s launch, more than 200 indexers, 10,000 delegators, and 2,500 custodians have joined the blockchain. More than 500 subgraphs have migrated from the original hosted service to the fully decentralized network. It currently indexes data from 39 blockchains, including Ethereum, Near, Arbitrum, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, IPFS, Cosmos Hub, and more. The total number of subgraphs has grown from deployed in decentralized apps from 3,800 at launch in December 2020 to 74,000 now.
Commenting on the results, Eva Beylin, Director of The Graph Foundation, stated:
“For the second birthday of The Graph Network, it’s amazing to see our Graph Advocates hosting celebrations in their cities around the world. When I think about the growth of the last two years, I’m in awe of the Advocates’ dedication to The Graph’s mission. to support web3. This community is inspiring.”
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