Ethereum

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The Graph

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<p class="is-style-lead">The Graph, a blockchain data indexing and query protocol, has started the final phase of its transition process to Arbitrum, a layer-2 scaling solution operating on Ethereum.</p>



<p><a href="https://crypto.news/price/the-graph/" data-type="URL" data-id="https://crypto.news/price/the-graph/" target="_blank" rel="noreferrer noopener">The Graph</a>, an indexing and query protocol for blockchain data, is currently executing a migration process to Arbitrum, a layer-2 scaling solution that operates on the Ethereum network. The initiative is aimed at delivering reduced gas fees, enhanced transaction processing speed, and improved accessibility to the protocol.</p>



<p>The decision to progress with the transition to Arbitrum was facilitated by the network participants&#8217; voting via a Graph Improvement Proposal. The result of the vote mirrors the collective preference of community members for a network experience that is more streamlined and cost-effective.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The Graph has seen massive growth for subgraphs using L2 for unbeatable uptime &amp; unbreakable data.<br><br>Using <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@arbitrum</a> enables dapps to get data faster &amp; at a fraction of the cost, equating to ~25x lower cost for every transaction when publishing, curating &amp; upgrading subgraphs. <a href="https://t.co/vSAko7l0uB" target="_blank">pic.twitter.com/vSAko7l0uB</a></p>&mdash; The Graph (@graphprotocol) <a href="https://twitter.com/graphprotocol/status/1668963895648591883?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 14, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The commencement of The Graph&#8217;s transition to <a href="https://crypto.news/price/arbitrum/" data-type="URL" data-id="https://crypto.news/price/arbitrum/">Arbitrum</a> can be traced back to 2022. </p>



<p>The process was divided into stages with the first being the initial deployment, followed by the activation of protocol rewards on layer-2. The current day signifies the onset of the third and final phase, representing complete integration with the Arbitrum network.</p>



<p>In a statement by Tegan Kline, CEO of Edge &amp; Node, one of the companies involved in the development of The Graph protocol, she indicated that the choice of Arbitrum was the result of meticulous evaluation. </p>



<p>Arbitrum, as a layer-2 scaling solution, is expected to provide protocol developers and network participants with faster and more cost-effective operations.</p>




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            The Graph Announces 2023 Roadmap, Plans to Integrate Arbitrum        </a>
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<p>Plans are underway to allow users of The Graph to shift to Arbitrum across all its product range. The protocol rewards are set to gradually transition from <a href="https://crypto.news/price/ethereum/" target="_blank" data-type="URL" data-id="https://crypto.news/price/ethereum/" rel="noreferrer noopener">ethereum</a> and eventually be fully implemented on Arbitrum.</p>



<p>The migration process is expected to enhance operational efficiency for Delegators. These are network participants who allocate The Graph&#8217;s native token, GRT, to Indexers. </p>



<p>Indexers, who run nodes within The Graph Network, will have the opportunity to claim GRT rewards, with the associated gas fees expected to reduce considerably following the transition.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="The Graph&#039;s L2 Scaling Journey | Launch &amp; Learn Series" width="1020" height="574" src="https://www.youtube.com/embed/_YLO4MZeBCQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<p>A celebration to mark the milestone is scheduled to take place at the House of web3 in San Francisco, hosted jointly by The Graph and Arbitrum.</p>




    <p>
        Read more:

        <a href="https://crypto.news/polygon-adds-the-graph-network-a-decentralized-web3-tool/">
            Polygon adds The Graph Network, a decentralized Web3 tool        </a>
    </p>

The Graph’s migration to Arbitrum in final phase

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