The Graph Launches Hypergraph Developer Preview, Ushering a New Era of Privacy-Based Apps

• Hypergraph enables developers to build privacy-focused, composable apps with end-to-end encryption and local-first architecture.
• Features like GRC-20, decentralized knowledge graph, and Geo Connect improve data control and interoperability across Web3 apps.

The Graph has launched the Hypergraph Developer Preview—a new foundation for developers who want to build applications with a local-first, privacy-oriented approach. No centralized servers, no custom indexing, and most interestingly, everything is end-to-end encrypted.

So imagine this: you build applications that are interconnected, lightweight, private, and can run offline. Well, that’s one of the goals of Hypergraph.

With features like GRC-20 composability, TypeSync, and Geo Connect, developers can not only create secure systems, but also flexible systems for a variety of data schemas—including access to a decentralized knowledge graph. Complicated? Quite the opposite. The goal is to make all of that as simple as possible.

The Hypergraph Developer Preview is live!

Build privacy-preserving, composable apps with a local-first framework.

🔐 E2E encryption
🖇️ GRC-20 composability
ℹ️ Access to a decentralized knowledge graph
➕ TypeSync & Geo Connect for effortless schemas & private-space access pic.twitter.com/rGPQBHPPgL

— The Graph (@graphprotocol) July 3, 2025

The Graph Ramps Up Network Support to Boost Developer Access

On the other hand, this isn’t just an overnight project. In the past few months, The Graph has been diligently building its technical foundation. Earlier this July, they added full support for two new networks: Botanix and Katana.

Now, through Subgraph Studio, developers can directly access and query both networks without any hassle. And this is no idle move. Botanix and Katana have high adoption potential in the Web3 ecosystem, and The Graph seems to be well aware that the more networks they support, the stronger their position in the blockchain data indexing sector.

Furthermore, Ronin—a network widely used by gaming ecosystems such as Axie Infinity—has also officially integrated with The Graph, as reported by CNF in early June.

This paves the way for developers on Ronin to access historical and real-time data through a dedicated subgraph. So, want to create a dashboard? AI agent? Or data-driven dApp? Now you can just pull data without having to build your own indexing tool from scratch.

Queries Up, Revenue Down, But That’s Not Bad News

Funnily enough, despite its increasing usage, The Graph’s revenue has fallen. In the first quarter of 2025, the total queries recorded reached 6.14 billion—up 3.2% compared to the previous quarter. But in terms of revenue, it actually fell 2.3% to around $210,200.

How come? It turns out that they cut Subgraph fees by 50%, which, although it lowered revenue, was still considered necessary to encourage long-term adoption.

Fortunately, the launch of Substreams managed to offset this pressure. With this new mechanism, previously heavy queries can be processed more efficiently. Many developers who previously felt that indexing was too expensive or complicated are now starting to return to The Graph ecosystem.

From the outside, this may seem like a decline. But for those who have been in the open-source world for a long time, sometimes what is sacrificed is short-term income for long-term trust.

Meanwhile, The Graph’s native token, GRT, has also shown quite stable movement. When this article was written, its price was around $0.08257, up 1.92% in the last 7 days. Its total market cap has touched around $815 million—a figure that still shows that this project has not gone anywhere, is still active, and still has a fairly strong community base.