The Graph, a blockchain indexing protocol based in 2018, is totally migrating to the Arbitrum community from Ethereum on Wednesday.
The Graph’s move to the favored layer-2 was initiated by community members in an try to decrease fuel charges, speed up transactions, and enhance the protocol’s accessibility, in accordance to a press launch from The Graph Basis.
Edge & Node CEO Tegan Kline mentioned customers weighed the choices amongst layer-2 networks and Arbitrum finally got here out on prime.
“The Graph customers have regularly looked for options to enhance fuel efficiencies and improve different facets of the community,” Kline mentioned in an announcement. “After cautious consideration of all choices in the marketplace, the ecosystem chosen Arbitrum because the Layer 2 scaling resolution that may convey velocity and affordability to protocol builders and community members.”
This has been lengthy in the making, with plans to move being identified way back to April 2022 by way of a governance proposal that steered making a set of contracts that may bridge GRT transactions to Arbitrum. Discussions about shifting to a layer-2 community due to prohibitively costly fuel costs date again to November 2021 on The Graph’s boards.
A June 2022 proposal was the primary to current a deployment of The Graph on Arbitrum. Its proposers, Edge & Node software program engineers Pablo Carranza Vélez and Ariel Barmat, steered it wasn’t a good suggestion to migrate in “one go.”
Since then, The Graph has steadily taken extra steps to exit the Ethereum community, together with enabling indexing rewards on Arbitrum and deploying switch instruments enabling customers to move tokens to Arbitrum. Each proposals had been handed unanimously.
The assertion from The Graph Basis additional defined that its customers ought to begin receiving transition prompts right this moment.
“Protocol customers shall be offered with an possibility to transition to Arbitrum throughout The Graph’s suite of merchandise. Protocol rewards will proceed to steadily shift from Ethereum to Arbitrum, and over time, will transition completely to Arbitrum,” the press launch mentioned.
Up to date June 14, 2023 at 2:00 pm ET: A earlier model of this text said that The Graph migrated to Arbitrum on Tuesday. The protocol made the swap on Wednesday.
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