The Graph 2024 Year in Review: Milestones, Innovations, and the Sunrise of Decentralized Data

As 2024 draws to a close, The Graph continues solidifying its position as a trailblazer in web3 data innovation. This year has been marked by groundbreaking milestones and cutting-edge advancements, establishing The Graph as a cornerstone of web3 infrastructure and advancing the vision of a decentralized, composable internet.

From scaling breakthroughs and streamlined payments to setting new standards for decentralized knowledge, The Graph's achievements in 2024 have paved the way for a more innovative and efficient digital future – while heralding the internet’s data autonomy movement.

Here is a closer look at the transformative highlights that defined The Graph's journey this year.

The Sunrise of Decentralized Data

The Graph officially completed the Sunrise of Decentralized Data. As a result, over 10,000 subgraphs, including AAVE, Balancer, ENS, and SushiSwap, are now live and available to query on The Graph Network.

Operating solely via the network ensures unbreakable, incorruptible access to the data for all users in web3.

GRC-20: A Knowledge Standard for Web3

Building on its vision of a composable internet, The Graph ecosystem introduced GRC-20, a groundbreaking standard for structuring and sharing knowledge in web3. Just like ERC-20 standardized value transfer on Ethereum, GRC-20 establishes a common language for organizing and interlinking decentralized data.

GRC-20 organizes information into Spaces, Entities, and Relations, enabling dynamic and flexible knowledge graphs. Whether applied to domains like news, healthcare, or education, GRC-20 empowers developers to create interoperable, transparent, and adaptive applications.

This transformative standard sets the stage for a future where web3 applications evolve seamlessly on a foundation of interconnected data.

Scaling on Arbitrum One

The Graph completed its migration to Arbitrum One, with 100% of indexing rewards now issued on Layer 2 (L2). This transition eliminates reliance on Ethereum mainnet, significantly reducing gas fees and transaction times.

Over 99% of all subgraphs now operate on L2, ensuring The Graph remains scalable, efficient, and cost-effective for developers.

Expanding Chain Integrations

This year, The Graph extended its support to 80+ blockchains, including non-EVM networks like Solana and NEAR. Enhanced tooling for Solana, such as Substreams-powered subgraphs, has enabled developers to harness its high-speed ecosystem with unprecedented efficiency.

With faster indexing and simplified workflows, The Graph empowers builders across diverse blockchain ecosystems.

The Graph’s Role in Soneium’s Launch

The Graph joined as a launch collaborator for Sony’s Soneium chain, an Ethereum Layer 2 that bridges web3 with web2 services across gaming, finance, and entertainment.

This collaboration underscores The Graph’s vital role in supporting cutting-edge chains and driving mainstream web3 adoption.

Supporting Unichain: The Future of DeFi

Uniswap’s launch of Unichain, a fast, low-cost Layer 2, was accompanied by a day-one integration with The Graph. Developers can now leverage subgraphs on Unichain’s testnet to start building performant DeFi applications.

This integration paves the way for a seamless transition to Unichain’s mainnet, advancing the future of decentralized finance.

TAP: Revolutionizing Web3 Payments

A major breakthrough in 2024 was the introduction of the Timeline Aggregation Protocol (TAP), replacing the Scalar payment system. TAP revolutionizes microtransactions by consolidating payments into Receipt Aggregate Vouchers (RAVs), reducing on-chain transaction costs and streamlining query payments.

With TAP, Indexers have greater control over receipts and payments, enhancing both performance and trustlessness. This upgrade strengthens The Graph’s position as a leader in efficient and decentralized infrastructure.

2024 is a Wrap

As the year concludes, The Graph ecosystem looks forward to another year of collaboration, innovation, and growth. With decentralized data as our foundation, The Graph is building the next era of web3. Together, we’ll shape a future that’s open, composable, and unstoppable.

Would you like to participate in The Graph ecosystem and contribute to the future of the network & web3? Here are 23 ways to get started!

About The Graph

The Graph is the source of data and information for the decentralized internet. As the original decentralized data marketplace that introduced and standardized subgraphs, The Graph has become web3’s method of indexing and accessing blockchain data. Since its launch in 2018, tens of thousands of developers have built subgraphs for dapps across 90+ blockchains - including  Ethereum, Solana, Arbitrum, Optimism, Base, Polygon, Celo, Fantom, Gnosis, and Avalanche.

As demand for data in web3 continues to grow, The Graph enters a New Era with a more expansive vision including new data services and query languages, ensuring the decentralized protocol can serve any use case - now and into the future.

Discover more about how The Graph is shaping the future of decentralized physical infrastructure networks (DePIN) and stay connected with the community. Follow The Graph on X, LinkedIn, Instagram, Facebook, Reddit, Farcaster and Medium. Join the community on The Graph’s Telegram, join technical discussions on The Graph’s Discord.

The Graph Foundation oversees The Graph Network. The Graph Foundation is overseen by the Technical Council. Edge & Node, StreamingFast, Semiotic Labs, Messari, GraphOps, Pinax and Geo are eight of the many organizations within The Graph ecosystem.