CEO of Edge & Node on web3 infrastructure: 'The Graph is becoming the decentralized backbone of Web3'

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.