TechFlow news: Messeri released The Graph's Q3 2023 status report, with the key highlights as follows:
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The Graph’s hosted service has published 1,322 subgraphs to the decentralized network, a 22% increase quarter-over-quarter.
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The Graph has completed the final phase of migrating its protocol smart contracts to Arbitrum One L2, enabling the transfer of delegation, subgraphs, curation signaling, and indexer stakes.
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Although query volume on The Graph increased by 39% in Q3 2023, demand-side revenue in dollar terms declined by 52% quarter-over-quarter, primarily driven by query pricing optimizations.
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Indexer reward revenue decreased by 19% quarter-over-quarter in Q3 2023, amounting to over $7.3 million. Delegators received 65% of the total index rewards distributed during Q3 2023.
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The Graph’s active indexers decreased by 41% quarter-over-quarter, while delegators and curators grew by 247% and 5%, respectively.
