Andrew Clews

Last night, 4 GGPs (Graph Governance Proposals) were approved, setting into motion several important improvements to the @graphprotocol. From an enterprise and institutional perspective, that matters because crypto is increasingly being evaluated as production-ready infrastructure rather than purely experimental technology. The protocols that matter in the next cycle will be the ones that can demonstrate credible governance, clearer economic design, and more reliable service delivery. These proposals move The Graph in that direction. Taken together, they improve the protocol’s rewards infrastructure, create a more flexible framework for issuance allocation, bring indexing agreements onchain, and begin aligning a portion of protocol incentives more directly with verified work performed for users. That is the broader story here. As digital asset markets mature, institutions are looking less for ideology and more for operational clarity. They want infrastructure with transparent incentive structures, auditable payment flows, and governance processes that can adapt responsibly as markets evolve. In that sense, these GGPs are not just protocol changes. They are part of the work required to make decentralized infrastructure more usable and legible for serious market participants. This is also happening in a broader market context where enterprise adoption is becoming more concrete. The strongest momentum in crypto today is around stablecoins, tokenized assets, settlement infrastructure, and the data layers that make those systems usable. The Graph’s continued evolution toward more programmable, service-aware, and economically precise infrastructure is consistent with that shift. Regulation is moving as well, even if it remains incomplete. The CLARITY Act passed the House on July 17, 2025 and was referred to the Senate Banking Committee on September 18, 2025. So while the legislative framework is still developing, the direction of travel is clear: markets are asking for more structure, not less. That is why governance progress matters. If crypto is going to support larger-scale enterprise and institutional participation, protocols need to show they can evolve in ways that improve accountability, efficiency, and trust without sacrificing the benefits of open networks. Last night’s approvals are one step in that direction.

When the dust settles, regulation is in place, and blockchain technology becomes mainstream, we will need to index hundreds of millions of transactions per second. Across multiple chains, with different block times, different execution environments, different data structures, and different languages under the hood. We need to pull just the subset of data we care about, like finding a needle in a haystack, and stitch it together into something coherent and relevant to our app. And we need to do it in a compliant way, with certainty that the data we have is correct, complete, and verifiable. That is the problem The Graph was built to solve.

Who's that new addition in the top 5? 👀

🚨Community Alert: Ongoing exploit on @SweatEconomy on @NEARProtocol. Exploiter: 3be304b2151870b2be88b9de0b80acab921337ad152584138bd852fc6e9ae018 Largest exploit tx: DvrSMfY85Anc6AuLUmoEDkDdab7qX5NUZLu76HN8NoPn

If digital assets become a priority at the Fed, infrastructure becomes the next major conversation. Mission-critical financial systems depend on reliable data, verifiability, and auditability. None of that is optional.

x402 is already at ~$48M in payment volume, with ~95% on Base. AI agents are quickly becoming the next wave of crypto payments. This isn’t “payments UX improving.” It’s the start of machine-native commerce. Agents won’t browse. They’ll query, evaluate, and transact autonomously. The stack that wins will be built for them, not humans. And enterprises will plug into that stack faster than most expect.

Thanks @EntEthAlliance for the great conversation around what Enterprises need in order to scale on Ethereum. Hearing everyone's perspectives helped build a clearer state of where the industry stands today.

@BFB @graphprotocol Hopefully you've had the opportunity to read this recent post on that topic: x.com/graphprotocol/… I'd also encourage you to engage in thoughtful discussion on Discord and The Graph Forum if you have other ideas.

@Andrew_J_Clews @graphprotocol When will tokenomics change?

Last night, 4 GGPs (Graph Governance Proposals) were approved, setting into motion several important improvements to the @graphprotocol. From an enterprise and institutional perspective, that matters because crypto is increasingly being evaluated as production-ready infrastructure rather than purely experimental technology. The protocols that matter in the next cycle will be the ones that can demonstrate credible governance, clearer economic design, and more reliable service delivery. These proposals move The Graph in that direction. Taken together, they improve the protocol’s rewards infrastructure, create a more flexible framework for issuance allocation, bring indexing agreements onchain, and begin aligning a portion of protocol incentives more directly with verified work performed for users. That is the broader story here. As digital asset markets mature, institutions are looking less for ideology and more for operational clarity. They want infrastructure with transparent incentive structures, auditable payment flows, and governance processes that can adapt responsibly as markets evolve. In that sense, these GGPs are not just protocol changes. They are part of the work required to make decentralized infrastructure more usable and legible for serious market participants. This is also happening in a broader market context where enterprise adoption is becoming more concrete. The strongest momentum in crypto today is around stablecoins, tokenized assets, settlement infrastructure, and the data layers that make those systems usable. The Graph’s continued evolution toward more programmable, service-aware, and economically precise infrastructure is consistent with that shift. Regulation is moving as well, even if it remains incomplete. The CLARITY Act passed the House on July 17, 2025 and was referred to the Senate Banking Committee on September 18, 2025. So while the legislative framework is still developing, the direction of travel is clear: markets are asking for more structure, not less. That is why governance progress matters. If crypto is going to support larger-scale enterprise and institutional participation, protocols need to show they can evolve in ways that improve accountability, efficiency, and trust without sacrificing the benefits of open networks. Last night’s approvals are one step in that direction.

If this timeline holds, the real work begins after passage, giving clarity on what ‘infrastructure’ means in practice.

@graphprotocol @consensus2026 Sunshine & signal in Miami. The Graph team will be there.

Find the Graph booth @consensus2026!

Intent-based trading doesn't work without accurate, reorg-safe liquidity state across every venue. Most teams shouldn't be building that themselves. Tycho is what that primitive looks like when a protocol provides it instead of each app rebuilding it.

Enterprise blockchain often gets framed as "DeFi with more controls." That framing breaks down quickly in production. Provenance, reconciliation, and auditability aren't add-ons. They're the system. Looking forward to digging into what that requires on the 28th.

New account, new chapter. I'm Andrew, Enterprise & Governance Lead at The Graph. My work sits at the intersection of three things I care about: → Bringing enterprises onto decentralized data infrastructure → Engaging regulators building the rails for tokenized markets → Positioning The Graph as core infra for the agentic web Looking forward to sharing what I'm seeing from here.