diff --git a/README.md b/README.md
index 909d3b4..26ff7c2 100644
--- a/README.md
+++ b/README.md
@@ -71,7 +71,7 @@ The default versions are always a combination of component versions which are co
 | Provider            |                    | v1.3.10                            | 172.15.0.4      | 8030 -> 8030  |
 | Provider2           |                    | v1.3.10                            | 172.15.0.7      | 8030 -> 8030  |
 | RBAC Server         |                    | main                              | 172.15.0.8      | 3000 -> 3000  |
-| GraphNode           |                    | graphprotocol/graph-node:v0.27.0   | 172.15.0.15     | 9000 -> 8000 ,9001 -> 8001 , 9020 -> 8020,  9030 -> 8030, 9040 -> 8040  |
+| GraphNode           |                    | graphprotocol/graph-node:v0.28.2   | 172.15.0.15     | 9000 -> 8000 ,9001 -> 8001 , 9020 -> 8020,  9030 -> 8030, 9040 -> 8040  |
 | Graphipfs           |                    | ipfs/go-ipfs:v0.4.23              | 172.15.0.16     | 5001 -> 5001  |
 | Graphpgsql          |                    | postgres                          | 172.15.0.7      | 5432 -> 5432  |
 | Dashboard           |                    | portainer/portainer               | 172.15.0.25     | 9100 -> 9000  |
diff --git a/compose-files/thegraph.yml b/compose-files/thegraph.yml
index 48b4962..a55ac02 100644
--- a/compose-files/thegraph.yml
+++ b/compose-files/thegraph.yml
@@ -1,7 +1,7 @@
 version: '3'
 services:
   graph-node:
-    image: graphprotocol/graph-node:v0.27.0
+    image: graphprotocol/graph-node:v0.28.3
     ports:
       - '9000:8000'
       - '9001:8001'
diff --git a/start_ocean.sh b/start_ocean.sh
index 949dcc4..bb90847 100755
--- a/start_ocean.sh
+++ b/start_ocean.sh
@@ -30,7 +30,7 @@ COMPOSE_DIR="${DIR}/compose-files"
 
 export AQUARIUS_VERSION=${AQUARIUS_VERSION:-v4.2.0}
 export PROVIDER_VERSION=${PROVIDER_VERSION:-v1.3.10}
-export SUBGRAPH_VERSION=${SUBGRAPH_VERSION:-v2.1.1}
+export SUBGRAPH_VERSION=${SUBGRAPH_VERSION:-v3.0.0}
 export CONTRACTS_VERSION=${CONTRACTS_VERSION:-v1.1.8}
 export RBAC_VERSION=${RBAC_VERSION:-next}