In the fourth quarter of 2024, The Graph's data demand reached an all-time high, exceeding 5.90 billion queries, a 13% increase from the previous quarter. The demand-side fees in USD increased by 4.3% quarter-over-quarter, reaching a record $215 thousand. In addition to these metrics, there were several key developments. In November, The Graph team launched GRC-20, a proposed knowledge graph standard; in December, they completed the final deprecation step of its Ethereum mainnet (L1) protocol, with all contracts marked as "lifecycle ended." Since the third quarter of 2024, The Graph has also integrated with multiple networks, including Boba, Unichain, and Mantra, bringing the total number of supported chains to over 100.

In Q4, demand for data on The Graph reached an all-time high of over 5.9 billion queries, up 13% QoQ from 5.3 billion. Additionally, demand-side fees in USD grew by 4.3% QoQ to an all-time high of $215,000. Beyond these metrics, a number of key developments took place. In November, The Graph team introduced GRC-20, a proposed knowledge graph standard, while in December, the final step in deprecating its Ethereum Mainnet (L1) protocol was completed, with all contracts earmarked as “end of life.” The Graph also integrated with multiple networks since Q3’24, including Boba, Unichain, and Mantra, extending its support to more than 100 chains.

The Graph Q4 2024 Development Report