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By scaling The Graph on L2, network participants can expect:
Upwards of 26x savings on gas fees
Faster transaction speed
Security inherited from Ethereum
Scaling the protocol smart contracts onto L2 allows network participants to interact more frequently at a reduced cost in gas fees. For example, Indexers could open and close allocations to index a greater number of subgraphs with greater frequency, developers could deploy and update subgraphs with greater ease, Delegators could delegate GRT with increased frequency, and Curators could add or remove signal to a larger number of subgraphs–actions previously considered too cost-prohibitive to perform frequently due to gas.
The Graph community decided to move forward with Arbitrum last year after the outcome of the GIP-0031 discussion.
Users bridge their GRT and ETH using one of the following methods:
To take advantage of using The Graph on L2, use this dropdown switcher to toggle between chains.
There is no immediate action required, however, network participants are encouraged to begin moving to Arbitrum to take advantage of the benefits of L2.
Core developer teams are working to create L2 transfer tools that will make it significantly easier to move delegation, curation, and subgraphs to Arbitrum. Network participants can expect L2 transfer tools to be available by summer of 2023.
As of April 10th, 2023, 5% of all indexing rewards are being minted on Arbitrum. As network participation increases, and as the Council approves it, indexing rewards will gradually shift from Ethereum to Arbitrum, eventually moving entirely to Arbitrum.
All smart contracts have been thoroughly audited.
Everything has been tested thoroughly, and a contingency plan is in place to ensure a safe and seamless transition. Details can be found here.
Yes, The Graph Network contracts will operate in parallel on both Ethereum and Arbitrum until moving fully to Arbitrum at a later date.
Nothing! Your GRT has been securely migrated to Arbitrum and is being used to pay for queries as you read this.
All GRT billing balances have already been successfully migrated to Arbitrum. You can view the billing contract on Arbitrum here.
The bridge has been heavily audited to ensure safety and security for all users.
Adding GRT to your Arbitrum billing balance can be done with a one-click experience in Subgraph Studio. You'll be able to easily bridge your GRT to Arbitrum and fill your API keys in one transaction.
Visit the Billing page for more detailed instructions on adding, withdrawing, or acquiring GRT.