The Graph GRT Price

What is The Graph (GRT)?

The Graph, launched in 2018 by co-founders Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez, stands as a pivotal innovation in the blockchain and decentralized finance (DeFi) ecosystem. It is a decentralized protocol designed to efficiently index and query data from blockchain networks, primarily built on the Ethereum blockchain. The Graph's unique approach utilizes subgraphs – APIs that organize, transform, and index blockchain data, making it easily accessible for network users. This mechanism significantly simplifies the data retrieval process for decentralized applications (dApps) by eliminating their need to develop proprietary indexing servers. This not only reduces complexity but also cuts down costs substantially. The native token of The Graph, GRT, is an ERC-20 token that plays a crucial role in the ecosystem, primarily used for resource allocation and as a reward for network contributions.

At its core, The Graph functions through its innovative indexing protocol, which utilizes Graph Nodes to scan blockchain networks, identifying and updating relevant data for subgraphs. These subgraphs, described by subgraph manifests, specify relevant smart contracts and the events within those contracts to be focused on. This streamlined process allows for quick and efficient data access using GraphQL, a query language that further enhances the usability of The Graph. Since its inception, The Graph has seen widespread adoption, supporting a range of blockchain networks such as Ethereum, IPFS, and POA, with plans to expand further. Its impact is evident in its rapid growth, with over 3,000 subgraphs deployed by thousands of developers for various DApps like Uniswap, Synthetix, and Decentraland.

The Graph ecosystem is supported by a community of developers, indexers, curators, and delegators. These stakeholders play vital roles: developers build on The Graph's infrastructure, indexers and curators manage and maintain the data, and delegators support the network through token staking. The Graph's model ensures that each contributor is rewarded for their efforts, maintaining a balanced and thriving ecosystem. This innovative platform not only addresses the challenges of blockchain data accessibility but also demonstrates the potential of decentralized solutions in enhancing the functionality and efficiency of Web3 and DeFi applications. Its programming language and the precise mechanics of its operation reflect a significant leap in blockchain technology, marking The Graph as a foundational component in the ever-evolving landscape of decentralized digital infrastructure.

What is unique about The Graph (GRT)?

The Graph is unique for its decentralized protocol that efficiently indexes and queries data from blockchain networks, especially Ethereum, using subgraphs - APIs that simplify blockchain data access for network users and reduce the need for proprietary indexing servers.

Who are the founders of The Graph (GRT)?

The Graph was founded by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez in 2018. They have a history of successful developer tools creation prior to launching The Graph​​.

Who are the backers/investors of The Graph (GRT)?

The Graph has attracted notable investors including Coinbase Ventures, Multicoin Capital, and Digital Currency Group. It raised significant funds through token sales in 2019 and a public sale in October 2020​​.

What is the consensus mechanism of The Graph (GRT)?

The Graph utilizes a Proof-of-Stake (PoS) consensus mechanism. Users participate in the network's validation process by staking GRT tokens and can earn passive income through its delegation program​​​​.

Where can I buy The Graph (GRT)?

You can buy The Graph (GRT) on Binance, OKXBitgetGate.ioBybit cryptocurrency exchanges.