Sure it is, a logarithmic graph is plotted using the log of the data points and not the data points themselves
I think I see the confusion. Your confusing two things here. A log scale and a log graph related to monomials. If I have data that I think has the form y = ax
k, I will take a log of the data. If the data has this form then
log y = log a + k.log x
will fit to a straight line.
If I have data that changes by orders of magnitudes, I plot that data on a log scale, so the variation of the small numbers show up as well as the large number. I don't take the logs of my data when I choose a log scale.
The data on your graph is represented by a log scale as the data changes by orders of magnitude for the SPE events.