Rodrigo Coelho, Chief Executive Officer at Edge & Node, said that The Graph aims to decentralize Web3’s data infrastructure by indexing blockchain activity across more than 90 chains. This statement was made during a live ETHDenver interview posted on March 24.
“You can’t say your app is decentralized if the data layer is centralized,” said Coelho, according to YouTube. “That’s why The Graph had to be decentralized too—to preserve the values of Web3 all the way down. The Graph is becoming the decentralized backbone of Web3. We’re indexing blockchain data across more than 90 chains to enable open access to verifiable information.”
The Graph is a decentralized protocol designed to index and query data from various blockchain networks, including Ethereum, the InterPlanetary File System (IPFS), and Proof of Authority (POA). According to the protocol’s description, it enables developers to build decentralized applications (dApps) that can efficiently access relevant data without relying on centralized intermediaries. By utilizing a network of nodes called indexers, The Graph processes and serves queries, facilitating seamless data retrieval across multiple blockchains.
As reported by Business Research Insights, as of 2024, the global decentralized application market was valued at approximately USD 30 billion. Projections indicate that this market is expected to grow at a compound annual growth rate of 18.5%, reaching an estimated valuation of around USD 142.2 billion by 2033. This growth is driven by technological advancements and a shift towards decentralized finance solutions.
In 2020, over 6,500 dApps were recorded on the Ethereum network, marking a 20% increase from the previous year. Since 2017, these applications have processed transactions exceeding USD 1 billion. Between June and December 2020, the average daily transaction volume on active dApps rose from USD 79 million to USD 134 million, reflecting a growth rate of 70%, according to The Graph.
Coelho was appointed CEO of Edge & Node in 2023, bringing extensive experience in blockchain scalability and decentralized infrastructure. Prior to this role, he held senior positions in product development and strategic planning within the Web3 sector. He is recognized for his advocacy of open-source solutions and his commitment to fostering innovation in decentralized technologies.
Edge & Node was established in 2020 as a core development team behind The Graph protocol. The company focuses on advancing decentralized networks by building open-source tools that enable efficient data indexing and querying across multiple blockchains. It plays a pivotal role in supporting the growth and adoption of Web3 technologies.
