Graph records 1.95 billion monthly queries, up 11x year-over-year

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The Graph network reached 1.95 billion monthly queries in July 2024, an 11-fold increase from July 2023. This growth follows the network’s transition to a decentralized structure, part of the “Sunrise of Decentralized Data” initiative launched in October 2023.

Subgraphs on the decentralized network grew to over 9,000, a 361% increase from Q1 2024. The Graph officially retired its free hosted service for subgraphs on June 12, pushing decentralized applications (dApps) to decentralize their data pipelines.

“One of the most rewarding things of the past year was empowering the Edge & Node team to fully upgrade The Graph hosted service to the decentralized network. It’s been incredible to see each individual teammate rise to the occasion, setting the data autonomy movement on a global scale,” said Tegan Kline, CEO of Edge & Node.

The Graph network now supports over 60 blockchains, offering developers lower costs and competitive sync times. Future plans include improving subgraphs and expanding to meet more user data needs beyond subgraphs, with the goal of building a unified Knowledge Graph for decentralized, verifiable data.

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