- The staggering surge in L2 adoption on The Graph Network, powered by Arbitrum.
- Significant cost reduction and faster data access through L2 integration.
- The Graph’s reliability and cost-effectiveness drive innovation in DeFi.
The Graph, a decentralized network known for its remarkable uptime and secure data, has witnessed a staggering surge in utilizing Layer2 (L2) solutions for subgraphs. The integration of Arbitrum has proven instrumental in enabling decentralized applications (dapps) to access data faster and at a fraction of the previous cost.
The Graph has seen massive growth for subgraphs using L2 for unbeatable uptime & unbreakable data.— The Graph (@graphprotocol) June 14, 2023
Using @arbitrum enables dapps to get data faster & at a fraction of the cost, equating to ~25x lower cost for every transaction when publishing, curating & upgrading subgraphs. pic.twitter.com/vSAko7l0uB
The Graph Network, which was launched in 2020, has experienced a remarkable growth trajectory. Since its inception, 863 subgraphs have been published on the Ethereum blockchain, attesting to the platform’s widespread adoption and effectiveness.
Over the past six months, the integration of L2 technology, specifically through Arbitrum, has fueled an even more impressive expansion. More than 180 subgraphs have already been published on The Graph Network, demonstrating a rapid acceleration in activity. This trend shows no signs of abating; it is gaining momentum at an unprecedented pace.
Incorporating Arbitrum has yielded numerous benefits for users of The Graph Network. Notably, adopting L2 has enhanced the speed of data retrieval and significantly reduced the associated costs. Dapps leveraging Arbitrum have experienced a remarkable 25-fold decrease in expenses for publishing, curating, and upgrading subgraphs, providing substantial savings for developers and users alike.
Graph Network Leads with L2 Integration
Moreover, integrating L2 solutions has bolstered the network’s overall reliability. The unbeatable uptime and secure data storage provided by The Graph, in conjunction with Arbitrum, have instilled trust and confidence among users. The reliability and cost-effectiveness of the platform have created an ecosystem that encourages innovation and development within the decentralized finance (DeFi) space.
However, it is essential to note that the growth and success of The Graph Network are not solely attributable to L2 integration. The platform’s initial launch and subsequent adoption paved the way for this remarkable advancement. The Graph’s commitment to offering reliable infrastructure for indexing and querying blockchain data has positioned it as a fundamental pillar in the decentralized ecosystem.
Besides its impressive achievements thus far, The Graph Network continues to explore additional avenues for expansion and improvement. As the adoption of decentralized applications and blockchain technology continues to rise, The Graph remains at the forefront, ensuring that its infrastructure can accommodate the ever-growing demand. With the integration of L2 solutions like Arbitrum, The Graph Network has solidified its position as a leader in providing essential services to the blockchain community.