隨著開發人員對鏈上數據的需求，該圖（GRT）網絡在Q4 2024中達到了新的高點

該圖（GRT）是一種索引協議，可從各種來源提供鍊鍊數據（例如Defi Transactions和流動性池數據）。

Key Insights

關鍵見解

The Graph (GRT) is an indexing protocol that provides onchain data — such as DeFi transactions and liquidity pool data — from various sources. The Graph removes the need for data consumers (e.g., app developers) to build complicated infrastructure to get onchain data. Instead, data consumers pay to query custom APIs — called “Subgraphs” — of onchain data via the GraphQL API. Subgraphs define a data schema to be indexed, making that data queryable. Subgraphs can be developed and queried by anyone.

該圖（GRT）是一種索引協議，可從各種來源提供鍊鍊數據（例如Defi Transactions和流動性池數據）。該圖消除了對數據消費者的需求（例如，應用程序開發人員）構建複雜的基礎架構以獲取OnChain數據。取而代之的是，數據消費者通過GraphQl API付費以查詢自定義API（稱為“子圖”）。子圖定義要索引的數據架構，使該數據可查詢。任何人都可以開發和查詢子圖。

The Graph Network uses its native utility token GRT to incentivize data indexing and consumption:

圖網絡使用其本機實用程序令牌來激勵數據索引和消耗：

In June 2024, The Graph completed its Sunrise of Decentralized Data initiative to upgrade all Subgraphs to its distributed network of approximately 100 independent Indexers. At the end of Q4'24, over 11,000 Subgraphs have either launched on the decentralized network or successfully transitioned from the hosted service. Following this milestone, The Graph has had consecutive quarters of all-time high query fees due to the increasing demand for data indexing.

該圖在2024年6月完成了其分散數據計劃的日出，將所有子圖升級到其大約100個獨立索引器的分佈式網絡。在Q4'24結束時，已在分散網絡上啟動了11,000多個子圖，或者從託管服務中成功過渡。遵循這一里程碑，由於對數據索引的需求不斷增長，該圖已連續有歷史高查詢費用。

Website / X (Twitter) / Discord

網站 / X（Twitter） / Discord

Key Metrics

關鍵指標

Performance Analysis

績效分析

The Graph Network is used by developers and data consumers who pay to query data. The network's performance can be measured by the growth of the volume of queries serviced, the active Subgraphs serving queries, and the accrual of query fees.

圖表網絡由付費查詢數據的開發人員和數據消費者使用。該網絡的性能可以通過維修的查詢量的增長，有效的子圖和查詢費用的應計來衡量。

Network Overview

網絡概述

Query Volume

查詢量

Demand for data on The Graph reached an all-time high of over 5.9 billion queries in Q4, up 13% QoQ from 5.3 billion. The Ethereum Mainnet led the way with 1.3 billion successful queries (22% of the total of 5.9 billion queries) in Q4, followed by Arbitrum One 983.5 million (16.5%), Polygon 1.0 billion (14.4%), BNB Smart Chain 854.6 million (14.4%), and Base 480.7 million (8.1%). Notably, query volume decreased by 23% QoQ on Ethereum, increased by approximately 15% QoQ on each of Arbitrum One, Polygon, and BNB Smart Chain, and increased by 203% QoQ on Base.

該圖上的數據的需求達到了第四季度的歷史最高點數超過59億次查詢，QOQ從53億中提高了13％。第4季度的13億個成功查詢（佔59億次查詢的22％）領先，隨後是98350萬（16.5％），Polygon 10億（14.4％），BNB Smart Chain，8.546億SMART CHAMP 8.546億（14.4％）和基礎480.700萬（8.10.7億（8.1​​％））。值得注意的是，在以太坊上的查詢體積減少了23％QOQ，在仲裁One，Polygon和BNB智能鏈的每個QOQ上增加了約15％的QOQ，基礎上的查詢量增加了203％的QOQ。

In terms of Subgraphs with the largest query volume, Graph Network Arbitrum (5% of total queries) led the way, followed by QuickSwap V3 (4%), and UNCX Lockers V3 and V2 on BNB Chain, both of which had 3% of query volume respectively. Notably, query volumes have seen an upward trend over the past six quarters. While the initial growth in query volumes was likely driven by a recovery of crypto activity throughout 2023, there were other recent contributing factors to the increase in query volume, including:

就查詢量最大的子圖而言，圖形網絡仲裁（佔總查詢的5％）領先，其次是QuickSwap V3（4％）和BNB鏈上的UNCX Lockers V3和V2，兩者均分別具有查詢量的3％。值得注意的是，在過去的六個季度中，查詢量的上升趨勢是一個上升趨勢。雖然查詢量的最初增長可能是由於整個2023年的加密活動的恢復而驅動的，但最近還有其他導致查詢量增加的因素，包括：

Subgraphs

子圖

To bootstrap The Graph, a hosted service was initially created. This service hosted Subgraphs as the protocol gradually transitioned to its decentralized network. The hosted service was free (subsidized by The Graph ecosystem) and offered indexing infrastructure run by Edge & Node, the initial team behind The Graph.

為了引導圖形，最初創建了託管服務。隨著協議逐漸過渡到其分散的網絡，該服務託管了子圖。託管服務是免費的（由圖生態系統補貼），並提供由圖形背後的初始團隊Edge＆Node運行的索引基礎架構。

The first decentralized Subgraph launched on the decentralized network in Q1'21. In October 2023, the project introduced its Sunrise of Decentralized Data to upgrade all Subgraphs to its distributed network of independent Indexers in three phases: Sunray, Sunbeam, and Sunrise.

第一個分散的子圖在Q1'21的分散網絡上啟動。 2023年10月，該項目推出了分散數據的日出，以將所有子圖升級到其在三個階段的獨立索引分佈式網絡：Sunray，Sunbeam和Sunrise。

The first phase of the upgrade — Sunray — was completed in March 2024. Sunray brought more chains, free queries, and improved billing, including a free query plan of 100,000 queries per month. This helped developers get started on the network and scale their development.

升級的第一階段（Sunray）於2024年3月完成。Sunray帶來了更多的鏈條，免費查詢和改進的計費，包括每月100,000個查詢的免費查詢計劃。這有助於開發人員啟動網絡並擴展其開發。

The second phase — Sunbeam — was concluded in June 2024. Sunbeam focused on upgrading hosted service Subgraphs to The Graph Network. The third phase of the upgrade — Sunrise — retired hosted service endpoints and was completed in June 2024.

第二階段（Sunbeam）於2024年6月結束。Sunbeam著重於將託管服務子圖升級到圖形網絡。升級的第三階段 - 日出 - 已退休的託管服務終點，並於2024年6月完成。

As a consequence, the number of deployed Subgraphs on The Graph’s Network has steadily increased. As of the end of Q4’24, 11,294 active Subgraphs have either launched on The Graph’s distributed network of independent data indexers or successfully transitioned from hosting services to it (+8% QoQ).

結果，圖表網絡上部署的子圖的數量穩步增加。截至Q4'24末期，該圖的獨立數據索引器的分佈式網絡上啟動了11,294個活動子圖，或者成功地從託管服務過渡到IT（+8％QOQ）。

To improve performance and reduce costs, The Graph completed its migration from Ethereum Mainnet to Arbitrum, a Layer-2 scaling solution, on June 28, 2024, with 100% of indexing rewards on Arbitrum One from that day forward. This date also marked the beginning of the deprecation of The Graph’s deployment on Ethereum Mainnet, which was completed in December. In line with this transition, all new Subgraphs have been created on Arbitrum since Q3 2024.

為了提高績效並降低成本，該圖於2024年6月28日完成了從以太坊主網到索賠的遷移，這是第2層縮放解決方案，其中100％的索引獎勵從當天開始時對索引。這個日期還標誌著該圖在12月完成的以太坊主網部署的棄用開始。與此過渡相一致，自Q3 2024以來，所有新的子圖都已在仲裁上創建。

Ecosystem

生態系統