The Graph has completed the first phase of the Arbitrum One expansion plan, and the index award will be launched in the second phase

On February 15, according to the official news, the decentralized index protocol The Graph has completed the first phase of the Arbitrum One expansion plan, which aims to improve the speed of users participating in the network and save gas fees through L2 expansion.

Interpretation of this information:

The Graph has recently announced the successful completion of the first phase of its Arbitrum One expansion plan. The decentralized index protocol is now focused on improving the speed of user participation on the network and also on reducing gas fees through layer two (L2) expansion.

The Graph is a decentralized indexing protocol that enables efficient querying and indexing of blockchain data. By utilizing the Graph Protocol, developers can easily access blockchain data across different networks, thus rendering their applications more decentralized, tamper-proof, and transparent. However, as with many blockchain-based applications, The Graph has faced some technological challenges in the past. One of the main challenges has been high network congestion and exorbitant gas fees, which could often limit user participation.

To solve these issues, The Graph has employed a series of expansion plans designed to solve the congestion problem, reduce gas fees and enhance network participation. One such expansion plan is the Arbitrum One expansion plan, which the decentralized index protocol has now completed its first phase. Arbitrum is a second-layer scaling solution that enables scalable, efficient and secure smart contracts on the Ethereum network. With the completion of the first phase of the Arbitrum One expansion plan, The Graph will now be able to take advantage of Arbitrum’s capabilities and scale The Graph’s infrastructure.

With this new solution, The Graph’s decentralized index protocol can now facilitate faster and cheaper transactions, making it much easier for users to participate in the network. Additionally, The Graph will be able to scale the number of subgraphs on the network, providing more ways to query blockchain data, making it easier for developers to build dApps that rely on The Graph infrastructure.

In conclusion, The Graph’s completion of the first phase of the Arbitrum One expansion plan is a significant milestone that will undoubtedly enhance the network’s performance, scalability, and capability, while reducing costs for network participants. This development is certainly one to watch as it will likely lead to an increase in activity on the blockchain, improving the user experience.