The Graph 

GRT Price

What is The Graph (GRT) token?

The Graph is an open-source, decentralized indexing protocol that organizes blockchain data for querying through standard APIs. Developers deploy subgraphs that index data from Ethereum, IPFS and other networks, so applications can query indexed data without running their own infrastructure. The protocol's positioning spans on-chain data infrastructure and AI, supporting AI-agent use cases alongside DeFi applications. GRT, an ERC-20 token on Ethereum, coordinates the network's participants. Uniswap, Aave and Synthetix were early adopters.

How does The Graph indexing protocol work?

The Graph indexes blockchain data through subgraphs, which developers deploy to make application data queryable via GraphQL. Four roles run the network. Indexers stake GRT and serve queries. Delegators contribute stake to Indexers and share rewards. Curators signal which subgraphs deserve indexing. Fishermen handle arbitration. The protocol indexes Ethereum, Arbitrum, Polygon, Avalanche, NEAR and Solana, among other networks. Query payments settle in GRT.

Is GRT a coin or a token?

GRT is a token. The asset runs as an ERC-20 contract on Ethereum at 0xc944e90c64b2c07662a292be6244bdf05cda44a7, verifiable on Etherscan, rather than powering its own blockchain. Bridged versions exist on Polygon, Arbitrum One, Avalanche, NEAR, Solana and Energi. DropsTab classifies The Graph under Big Data, with DeFi, Infrastructure, Artificial Intelligence (AI) and Web 3.0 among its categories.

Who founded The Graph?

The Graph was built by Edge & Node, a development company co-founded by Yaniv Tal, Brandon Ramirez and Jannis Pohlmann. The same team drove the protocol to its December 17, 2020 mainnet launch, and Edge & Node was among the early recipients of the initial token allocation, with its tranche vested through monthly unlocks.

Does GRT have a max supply?

GRT has no maximum supply cap. The initial supply was fixed at 10,000,000,000 GRT at the December 17, 2020 mainnet launch. New issuance targets 3% annually, paid as indexing rewards to Indexers and, proportionally, to Delegators. Per official documentation, the issuance rate is subject to future technical governance. Supply is permanently inflationary, so holder dilution is a structural feature of the tokenomics.

How does GRT staking work?

GRT is not mined. Rewards flow through staking: Indexers lock GRT as collateral, serve indexed queries, and earn query fees plus newly issued indexing rewards. Delegators delegate GRT to Indexers and receive a share of those rewards. Curators deposit GRT to signal subgraphs and earn a cut of query fees on the subgraphs they back. The system pays participants for data availability and query quality.

What does The Graph's vesting schedule mean for investors?

Per DropsTab vesting data, the Early Team & Advisors bucket holds 23% of the initial 10 billion GRT, with the Seed and Strategic Round at 17% each. Roughly 59% of the initial supply went to insiders under multi-year schedules. The main cliffs have passed. The entire 1.7 billion GRT Strategic Round allocation unlocked on June 17, 2021. Team, Foundation and Edge & Node tranches vested through monthly unlocks afterward. Today's supply risk stems mainly from ongoing reward issuance, since scheduled insider unlocks lie in the past.

Who backed The Graph and how much was raised?

DropsTab fundraising data records a $2.5M seed round in January 2019 led by Multicoin Capital. The June 2020 Strategic Round added $5M from Coinbase Ventures, Digital Currency Group, ParaFi Capital, Framework Ventures and CoinFund. The October 2020 public sale raised $12M at $0.03 per GRT with no lockup. Tiger Global led a $50M strategic sale of GRT from the Foundation treasury on January 22, 2022.

Did The Graph launch with an airdrop?

The Graph launched without an airdrop. Distribution ran through private rounds in 2019-2020 plus a community sale and a public sale in September and October 2020. Ecosystem support came as builder grants: The Graph Foundation allocated about $9M in grants during its first year, and a $205M ecosystem fund announced February 17, 2022 by Multicoin Capital, Digital Currency Group and other investors financed third-party dapp teams. Both programs supported developers; neither was a claimable user airdrop.

Where can you buy GRT crypto?

GRT trades on 50+ spot markets across major centralized venues per DropsTab data: Binance, Coinbase, Kraken, OKX, Bybit, KuCoin, Upbit and Bitstamp by Robinhood, among others. Quote currencies include USDT, USD, USDC, EUR, KRW, TRY, JPY, GBP and BTC. Perpetual futures trade on 10+ venues including Binance Futures, Bybit, OKX and Kraken Futures. Decentralized liquidity sits on Uniswap across Ethereum, Arbitrum One and Polygon, plus Sushiswap and Bancor. Centralized venues carry most of the depth.