The Graph processed 6.14 billion queries in the first quarter of 2025, with total query fees and Substreams revenue amounting to $210,200, demonstrating sustained developer activity. The number of active subgraphs increased to 12,402, a quarter-on-quarter growth of 9.8%, and indexing rewards reached 77.90 million GRT. Key releases included Substreams, the Token API beta, and the Indexer Score, the approval of GIP-0061, and new chain integrations such as ZetaChain and Polygon zkEVM, laying the foundation for broader cross-chain indexing and ecosystem incentives.

ZETA

With 6.14 billion queries processed and $210,200 in combined query‑fee and Substreams revenue, The Graph sustained developer engagement in Q1 2025. Active Subgraphs rose to 12,402 (+9.8% QoQ) while indexing rewards reached 77.9 million GRT. Key launches such as Substreams, the Token API beta, and the Indexer Score, plus the passage of GIP‑0061 and new chain integrations (e.g., ZetaChain, Polygon zkEVM), set the stage for broader cross‑chain indexing and enhanced ecosystem incentives.

The Graph Q1 2025 Report: Query Volume Growth and New Progress in Cross-Chain Indexing