The Graph PriceGRT

What is The Graph (GRT)?

The Graph (GRT) is the native token of The Graph, an open-source indexing protocol for organizing and querying blockchain data. GRT is an ERC-20 token issued on Ethereum. Often described as the "Google of Blockchain," The Graph indexes data from blockchains such as Ethereum and POA, as well as from storage networks such as the InterPlanetary File System (IPFS), grouping it into open APIs known as subgraphs. These subgraphs allow developers to retrieve on-chain information instantly and efficiently. GRT is used by network participants to allocate resources for indexing and curation services, ensuring the integrity of queried data. The project initially launched on Ethereum and introduced an initial token supply of 10 billion GRT in 2020. At mainnet launch the total supply was 10 billion GRT, with an initial circulating supply of roughly 1,245,666,867 GRT. The total supply is set to increase by approximately 3% annually while an estimated 1% of tokens are removed from circulation each year. New issuance in the form of indexing rewards begins at 3% annually and is subject to future technical governance by The Graph Council.

Key Specifications & Tokenomics

• Name: The Graph
• Ticker/Symbol: GRT
• Consensus Mechanism: The Graph is not a standalone layer-1 blockchain and does not run its own consensus. It is an indexing protocol deployed on Ethereum (ERC-20 token) and other chains, so it relies on the underlying networks' consensus for settlement.
• Smart Contract Standard: ERC-20
• Category: Indexing Protocol / Decentralized Data Infrastructure
• Initial Token Supply: 10 billion GRT (introduced in 2020)
• Supply Dynamics: Total supply increases on average around 3% annually, with an estimated 1% of tokens removed from circulation each year
• Supported Networks: Ethereum, POA, Solana, Polygon, Arbitrum, and 60+ other chains. The protocol also indexes data from storage networks such as the InterPlanetary File System (IPFS).
• Query Language: GraphQL

Who created The Graph?

The Graph was founded in 2018 by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez, who had previously worked together on several startups focused on creating developer tools. The project was launched in 2018 by The Graph Foundation, with Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez as its founders. The protocol was founded in 2018, the GRT token sale began in 2019, and the token's public market start date is listed as 2020-12-17. The project raised a total of $19.5 million in token sales since 2019, including $10 million from its October 2020 public sale. During this period, roughly 21% of the initial token supply of 10 billion GRT was sold to investors including Coinbase Ventures, Digital Currency Group, and Multicoin Capital. The Graph Foundation oversees the project; the founders are Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez.

How does The Graph work?

The Graph functions as a decentralized protocol for indexing and querying blockchain data. Its first step in aggregating data happens through Graph Nodes, which continuously scan network blocks and smart contracts for information. When an application adds data to the blockchain through smart contracts, the Graph Node adds the data from these new blocks to its appropriate subgraphs. Because blockchains lack the native functionality to let users query and read on-chain data directly, The Graph solves this problem by indexing blockchain data for users to query using the GraphQL API. Since The Graph is an open-source project, users can publish their own open APIs, called subgraphs, for more efficient blockchain queries. Queries are posed by dapps through GraphQL, a widely used language originally created by Facebook to gather data for a user's news feed. Once the Graph Node extracts information, curators, indexers, and delegators contribute to organizing data in the protocol. This data can then be easily accessed by applications seeking information to run their software.

What makes The Graph unique and valuable?

The Graph derives its value from its ability to ensure the successful execution of smart contracts that depend on the protocol. Most notably, GRT is the native token used for key network operations, including query fees, staking, and governance. Consumers who submit queries to indexers must pay a query fee denominated in GRT. Curators earn query fees for the subgraphs they signal, indexers earn a portion of the query fees and rewards from the protocol, and delegators earn part of the indexer fees for lending their GRT. Anyone who owns and stakes GRT tokens can participate in decisions affecting the software, voting on proposals for the rules that govern the platform's use, though delegators assign their voting rights to someone else to vote on their behalf. The Graph is used by popular Ethereum dapps such as Aave, Curve, Uniswap, Decentraland, Instadapp, and Synthetix, as well as by data platforms like CoinGecko. The Graph is used by popular Ethereum applications in both DeFi and the broader ecosystem.

What is The Graph used for?

GRT serves multiple essential functions within The Graph ecosystem. It is used for network security, query fees, and governance. The token incentivizes active participants including indexers, curators, and delegators. Consumers pay query fees in GRT to access indexed blockchain data. Any user, whether an indexer, curator, or delegator, must stake GRT to perform their roles and, in return, earn fees from the network. For example, Decentraland accesses The Graph's information to find land, accessories, and collectibles across applications and brings them into their marketplace, allowing users to purchase them from a central location. Developers use GRT to create subgraphs or use existing subgraphs in a DApp, while indexers operate nodes to index data and serve queries, curators organize data by signaling on subgraphs, and delegators secure the network by delegating GRT to indexers.

How Is the The Graph ecosystem developing?

The Graph ecosystem is developing through the active participation of its four main network positions: developers, indexers, curators, and delegators. Developers create subgraphs or use existing subgraphs in DApps. Indexers operate nodes to index data and serve queries. Curators organize data by signaling on subgraphs. Delegators secure the network by delegating GRT to indexers. The protocol supports indexing across Ethereum, Solana, Polygon, Arbitrum, and 60+ other networks, indicating broad multi-chain expansion. Popular Ethereum dapps like Aave, Curve, and Uniswap have adopted The Graph, and users wishing to stay connected on the current development of The Graph can bookmark their official blog for up-to-date details. The protocol supports developers building AI-powered dapps and intelligent, data-driven agents.

How to mine The Graph (GRT)?

GRT is not mined through traditional proof-of-work mining. Instead, participants earn GRT by staking and providing services within The Graph network. There are several ways to participate. Indexers operate a node to index data and serve queries, and they must stake GRT in order to provide these services. Curators attach GRT to the subgraphs they believe in and earn query fees for the subgraphs they signal. Delegators delegate GRT to indexers in order to contribute to running the network without installing a node, and they earn part of the indexer fees for lending their GRT. All users earn a portion of the network fees for their work, dependent on their role. This staking-based model ensures that participants have skin in the game and are incentivized to maintain the integrity of the data being indexed and queried.

How to keep your The Graph (GRT) Coin safe?

Keeping your GRT safe requires following standard cryptocurrency security practices. Use a reputable hardware wallet for long-term storage of significant holdings, as it keeps your private keys offline and protected from online threats. For smaller amounts or active trading, consider using a well-regarded software wallet that supports ERC-20 tokens. Always enable two-factor authentication on any exchange account you use. Never share your private keys or seed phrase with anyone, and be cautious of phishing attempts that impersonate official The Graph communications. When staking GRT as a delegator, verify the reputation and track record of the indexer you choose, since delegating involves locking your tokens with that indexer. Additionally, keep your wallet software and firmware up to date to protect against known vulnerabilities.

How to buy The Graph (GRT) Coin?

GRT is listed on several major exchanges. To buy GRT, choose a reputable platform available in your jurisdiction, complete its identity verification, deposit funds, and place a spot order for a GRT trading pair. Always verify that the platform is properly licensed in your region before depositing funds. Crypto asset prices are highly volatile; only invest what you can afford to lose.