Mihai Grigore • Senior Research Analyst (@tech_metrics)
Brenda Thng • Analytics Engineer (@ytoast_)
Mike Kremer • Data Engineer (@mikeykremer)
As of Q2'23, 1,082 subgraphs have been published from The Graph’s hosted service to the decentralized network (mainnet), up 39% QoQ.
The ongoing L2 migration of The Graph’s protocol smart contracts to Arbitrum aims to bring a seamless and gas-efficient decentralized data experience to The Graph’s users.
In Q2'23, The Graph saw a 48% QoQ decrease in demand-side revenue in USD, driven by dapps optimizing query volumes and an overall reduction in usage from governance activities and decentralized infrastructure.
Revenue from indexing rewards increased 3% QoQ to over 9 million USD in Q2’23. Delegators received 64% of the total indexing rewards distributed in Q2’23.
Following the MIPs incentive program, The Graph's active Indexers decreased 29% QoQ, while Delegators and Curators grew 2% and 3%, respectively.