The Graph's Rewards Eligibility Oracle (REO) is two months in, having run three eligibility steps in nine weeks. It directs indexing rewards toward Indexers that actually serve end consumers; the latest step removed under-performing Indexers, cutting the eligible set from 70 to 55. After the first two months, indexing rewards go only to Indexers that serve queries, and the daily bar rose from 1 to 5 to 10 Subgraphs.
The Graph highlighted a Substreams performance milestone: the same Uniswap v4 data on Ethereum indexed in 7 minutes 36 seconds using 75 parallel workers — down from 23 hours. The work was credited to the StreamingFast team.
Alpenglow — Solana's new consensus protocol cutting finality from ~12.8 seconds to ~150ms — is live on mainnet, and The Graph says Solana Substreams is already up to date with it. StreamingFast prepared Solana Substreams for Alpenglow ahead of the switch so developers' blockchain data pipelines keep running through the upgrade.
Substreams 0.8.0 is now live, and projects scaffolded with substreams init already use its core advantages by default. Existing Substreams modules pinned to 0.7 keep building and streaming without interruption.
vAPI Network is building on x402 to let AI agents query The Graph on demand. Its vAPI Call service lets anyone query Subgraphs through The Graph's canonical gateway and pay per query in USDC on Base — no account or API key required.
The Graph highlighted that Polymarket's onchain prediction markets for the current sports season — MLB playoffs, the WNBA Finals, NBA tipoff, and the NFL Sunday slate — are already indexed on The Graph Network. Developers can query the markets with Subgraphs, stream them with Substreams, or fetch data via the Token API, all without building custom indexing.
Ink — Uniswap's EVM Layer 2 — is now fully streamable on The Graph via Substreams on the Extended block model. Developers can index Ink data with full call traces, native balance changes, storage diffs, and contract code changes through The Graph's pipeline.
The Graph Foundation is shifting from coordinator to operator and directing all Subgraph Studio traffic to The Graph Network, where Indexers who serve that traffic now earn the rewards. More query volume is coming to the network starting with BNB Chain and Polygon, part of the Foundation's new mandate to grow the network.
The Graph announced extended blocks are now live on Ethereum, Base, BNB Smart Chain, HyperEVM, Arc, Robinhood, Polygon, Arbitrum One, OP Mainnet, Unichain, Linea, Monad, and more, per its Supported Networks page.
Extended blocks expose internal calls, balance changes and storage changes — data that otherwise requires debug_traceTransaction, the trace_ namespace, or state-diff tracers across archive state via RPC: expensive, throttled, and often gated behind premium tiers or unavailable. The Graph's stream makes this data accessible without re-tooling the read layer.

The Graph Network supports Arc, an EVM-compatible Layer 1, from its day-one launch. Arc uses USDC as gas, making payments, FX and settlement the chain's ordinary data, and developers have two ways to index it: Subgraphs queried with GraphQL, or Substreams for real-time streaming.
Arc streams include full call-trace and state-change data through Extended Blocks support.
Following a Graph Improvement Proposal vote, The Graph began migrating its settlement layer from Ethereum to Arbitrum to lower gas costs and speed up transactions.
The Graph switched on its decentralized mainnet on Ethereum, deploying the GRT token and distributing tokens to network participants.
The Graph completed a $12 million public GRT token sale with participation from 99 countries, ahead of mainnet launch.
The Graph announced the creation of The Graph Foundation as an independent body to support its ecosystem, naming Eva Beylin as director.
The Graph closed a $5 million funding round via a Simple Agreement for Future Tokens sale, with investors including Framework, ParaFi Capital, Coinbase Ventures, and Digital Currency Group.
The Graph raised a $2.5 million seed round led by Multicoin Capital, with participation from CoinFund, Compound VC, and others, and launched its hosted indexing service the same month.
Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez founded The Graph as a decentralized query protocol for indexing blockchain data.
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