The Graph's Q3 2023 Update: Achievements and Future Plans
The Graph's Q3 2023 Update: Achievements and Future Plans
The Graph's Q3 2023 update highlights several achievements and future plans. Over 3 million GRT in query fees have been processed, the Graph Studio has surpassed 50,000+ lifetime developers, and edgeandnode launched L2 Transfer Tools for network participants. The number of delegators and subgraphs on the network increased significantly. Arweave File Data Sources and Substreams Beta on Arbitrum are now live. The Graph Foundation introduced a new chain integration process. Playgrounds0x emerged as a data analytics platform. Institutional participation is increasing. The ecosystem is preparing for the Indexer upgrade launch as part of the Sunrise plan and new chain integrations are expected.
The Graph's Q3 2023 Update isn't just a progress report鈥攊t's a blueprint for the future of decentralized data. Sealing Q3 with unparalleled achievements, The Graph is innovating for a vibrant, decentralized future 馃寘 Here are some of the big takeaways from the Q3 2023
The Graph Network Enables Direct Blockchain Data Access
The Graph Network is building a decentralized data economy that eliminates intermediaries in blockchain data access. Here's what you need to know: - The protocol enables direct, secure access to blockchain data - $GRT token powers the network's economic model - Participants are incentivized for performance and collaboration - Focus on affordability and reliability for data consumers The system aims to make blockchain data accessible while maintaining decentralization principles. Network participants work together to provide low-cost, efficient data services. Learn more about the tokenomics: [The Graph Blog](https://thegraph.com/blog/grt-the-graph-decentralized-data/)
The Graph Launches Interactive Web3 Learning Platform
The Graph has launched Builders Basecamp, an interactive learning platform designed to help Web2 developers transition into web3 development. The program features: - Hands-on missions and real-world deployments - Focus on smart contracts and blockchain indexing - Space-themed NFT rewards for completion - Bite-sized learning modules for gradual progression The platform aims to make web3 development more accessible through practical, project-based learning at [basecamp.thegraph.com](basecamp.thegraph.com). *Perfect for developers looking to expand their blockchain skills while earning rewards along the way.*
The Graph Network Expands Cross-Chain Data Access
The Graph Network has enhanced blockchain data accessibility through three key offerings: - **Subgraphs**: Organized indexing of blockchain data - **Substreams**: Real-time data processing capabilities - **Token API Beta**: Simplified token data access The network now supports 90+ blockchain networks, coordinated by global contributors and powered by $GRT. This infrastructure enables developers and users to access standardized blockchain data seamlessly across multiple chains. *Key Impact*: This expansion makes blockchain data more accessible and usable for developers building decentralized applications.
The Graph Launches Token API Beta with Solana Support
The Graph has released Token API Beta Release 4, expanding its blockchain data infrastructure with significant Solana integration: - **SPL Token Support**: Access transfers, swaps, and token account balances - **Enhanced Features**: - Normalized JSON responses - Query by wallet/contract address - Historical DEX trend tracking - Combined NFT + Token events - **Multi-chain Expansion**: Added Avalanche NFT and token coverage - **Uniswap V4 Integration**: OHLC price data support Developers can now build portfolio trackers, dashboards, and wallet UIs without managing complex infrastructure. The API provides enterprise-grade data access through natural language queries via MCP with LLM support.
AI Models Built on Decentralized Networks Show Greater Resilience
Decentralized networks are proving crucial for building more resilient and trustworthy AI systems. Here's why: - Censorship-resistant infrastructure ensures transparent operation - Open, verifiable data reduces inherent AI biases - The Graph's decentralized network provides AI-ready blockchain data - Integration enables secure, reliable AI applications The convergence of AI and web3 technologies is creating a foundation for unbiased AI development that anyone can trust. This builds on The Graph's existing work in making blockchain data accessible and reliable for developers. Learn more about building decentralized AI applications at [The Graph docs](https://thegraph.com/docs).