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We study the spectral properties of the adjacency matrix in the giant connected component of Erd\"os-R\'enyi random graphs, with average connectivity p and randomly distributed hopping amplitudes. By solving the self-consistent cavity equations satisfied by the matrix elements of the resolvent, we compute the probability distribution of the local density of states, which governs the scaling with the system size of the moments of the eigenvectors' amplitudes, as well as several other observables related to the spectral statistics. For small values of p>1 above the percolation threshold, we unveil the presence of an exotic delocalized but (weakly) multifractal phase in a broad region of the parameter space, which separates the localized phase found for p1 from the fully-delocalized GOE-like phase expected for p. We explore the fundamental physical mechanism underlying the emergence of delocalized multifractal states, rooted in the pronounced heterogeneity in the topology of the graph. This heterogeneity arises from the interplay between strong fluctuations in local degrees and hopping amplitudes, and leads to an effective fragmentation of the graph. We further support our findings by characterizing the level statistics and the two-point spatial correlations within the multifractal phase, and address the ensuing anomalous transport and relaxation properties affecting the quantum dynamical evolution.
Cugliandolo et al. (Wed,) studied this question.