🚹 State of The Graph Q3 2024: Breaking Records and Making Moves! 🚹Messari just dropped their latest research, and $GRT has been busy. đŸ“†đŸ–‹ïž

Here’s the TL; DR: 📑🧐

▶ Data Demand is on Fire! đŸ”„: Over 5.3 billion queries in Q3’24—up a whopping 79% from Q2. Demand-side fees? Up 83% to an all-time high of $206,000. 💾

▶ Subgraphs Leveling Up! 🚀: All 10,400+ subgraphs are now live on the decentralized network—an impressive 42% growth QoQ.

▶ Arbitrum for the Win! 🌀: GRT shifted from #Ethereum L1 to Arbitrum L2 for better performance and lower costs. Over 3,000 subgraphs were created on #Arbitrum last quarter.

▶ Rewards Dip in USD but Rise in #GRT !: Indexing rewards hit $16M (down 8% QoQ due to token price shifts). But in GRT terms, rewards grew 4% to 76M GRT. 📈

▶ Big Collaborations! đŸ€: Partnered with Sony’s Soneium project and integrated with networks like IoTeX, Moonbeam, Neo X, and #Solana .

What do you think, GRT fam? DYOR!