随着开发人员对链上数据的需求，该图（GRT）网络在Q4 2024中达到了新的高点

该图（GRT）是一种索引协议，可从各种来源提供链链数据（例如Defi Transactions和流动性池数据）。

Key Insights

关键见解

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.

该图（GRT）是一种索引协议，可从各种来源提供链链数据（例如Defi Transactions和流动性池数据）。该图消除了对数据消费者的需求（例如，应用程序开发人员）构建复杂的基础架构以获取OnChain数据。取而代之的是，数据消费者通过GraphQl API付费以查询自定义API（称为“子图”）。子图定义要索引的数据架构，使该数据可查询。任何人都可以开发和查询子图。

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

图网络使用其本机实用程序令牌来激励数据索引和消耗：

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.

该图在2024年6月完成了其分散数据计划的日出，将所有子图升级到其大约100个独立索引器的分布式网络。在Q4'24结束时，已在分散网络上启动了11,000多个子图，或者从托管服务中成功过渡。遵循这一里程碑，由于对数据索引的需求不断增长，该图已连续有历史高查询费用。

Website / X (Twitter) / Discord

网站 / X（Twitter） / Discord

Key Metrics

关键指标

Performance Analysis

绩效分析

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.

图表网络由付费查询数据的开发人员和数据消费者使用。该网络的性能可以通过维修的查询量的增长，有效的子图和查询费用的应计来衡量。

Network Overview

网络概述

Query Volume

查询量

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.

该图上的数据的需求达到了第四季度的历史最高点数超过59亿次查询，QOQ从53亿中提高了13％。第4季度的13亿个成功查询（占59亿次查询的22％）领先，随后是98350万（16.5％），Polygon 10亿（14.4％），BNB Smart Chain，8.546亿SMART CHAMP 8.546亿（14.4％）和基础480.700万（8.10.7亿（8.1​​％））。值得注意的是，在以太坊上的查询体积减少了23％QOQ，在仲裁One，Polygon和BNB智能链的每个QOQ上增加了约15％的QOQ，基础上的查询量增加了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:

就查询量最大的子图而言，图形网络仲裁（占总查询的5％）领先，其次是QuickSwap V3（4％）和BNB链上的UNCX Lockers V3和V2，两者均分别具有查询量的3％。值得注意的是，在过去的六个季度中，查询量的上升趋势是一个上升趋势。虽然查询量的最初增长可能是由于整个2023年的加密活动的恢复而驱动的，但最近还有其他导致查询量增加的因素，包括：

Subgraphs

子图

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.

为了引导图形，最初创建了托管服务。随着协议逐渐过渡到其分散的网络，该服务托管了子图。托管服务是免费的（由图生态系统补贴），并提供由图形背后的初始团队Edge＆Node运行的索引基础架构。

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.

第一个分散的子图在Q1'21的分散网络上启动。 2023年10月，该项目推出了分散数据的日出，以将所有子图升级到其在三个阶段的独立索引分布式网络：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.

升级的第一阶段（Sunray）于2024年3月完成。Sunray带来了更多的链条，免费查询和改进的计费，包括每月100,000个查询的免费查询计划。这有助于开发人员启动网络并扩展其开发。

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.

第二阶段（Sunbeam）于2024年6月结束。Sunbeam着重于将托管服务子图升级到图形网络。升级的第三阶段 - 日出 - 已退休的托管服务终点，并于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).

结果，图表网络上部署的子图的数量稳步增加。截至Q4'24末期，该图的独立数据索引器的分布式网络上启动了11,294个活动子图，或者成功地从托管服务过渡到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.

为了提高绩效并降低成本，该图于2024年6月28日完成了从以太坊主网到索赔的迁移，这是第2层缩放解决方案，其中100％的索引奖励从当天开始时对索引。这个日期还标志着该图在12月完成的以太坊主网部署的弃用开始。与此过渡相一致，自Q3 2024以来，所有新的子图都已在仲裁上创建。

Ecosystem

生态系统