The Graph, a protocol founded in 2018, will fully migrate to the Arbitrum network on Wednesday.
According to a press release from The Graph Foundation, the move to Graph’s Arbitrum was initiated by network participants to reduce gas fees, speed up transactions, and increase the accessibility of the protocol.
Edge & Node CEO Tegan Kline said users considered options between Layer 2 networks and Arbitrum was ultimately chosen.
“Graph users have been constantly looking for solutions to improve gas efficiency and enhance other aspects of the network,” Kline said in a statement . After careful consideration of all the options on the market, the ecosystem has chosen Arbitrum as its Layer 2 scaling solution, which will bring speed and affordability to protocol developers and participants. network.”
This has been in the works for a long time, with the migration plan being mentioned since April 2022 through a governance proposal that proposes to create a set of contracts that will connect GRT transactions to Arbitrum.
Discussions about switching to a layer 2 network due to high gas prices began in November 2021 on the forums of The Graph.
The June 2022 proposal was the first to present an implementation of The Graph on Arbitrum. Proponents, Edge & Node software engineers Pablo Carranza Vélez and Ariel Barmat, argue that a “one-off” migration should not be done.
Since then, The Graph has gradually taken several steps to exit the Ethereum network, including enabling indexing of rewards on Arbitrum and implementing tools that allow users to transfer tokens to Arbitrum.
Both proposals were approved.
The statement from The Graph Foundation further explains that users will start receiving conversion reminders today.
“Protocol users will be given an option to switch to Arbitrum on The Graph product suite. The protocol reward will continue to gradually migrate from Ethereum to Arbitrum and, over time, will migrate completely to Arbitrum,” the press release said.