GRT icon The Graph price (GRT)

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What is The Graph (GRT)?

The Graph (GRT) is a protocol for indexing and querying data from blockchains, such as Ethereum. The protocol allows developers to build applications using APIs called subgraphs. A network of node operators indexes on-chain data, giving developers access to the data. 

Indexation protocol

The Graph is an indexing protocol that reduces the time to find specific data. 

Since 2017

The Graph was developed in 2017 by three developers who were frustrated by the lack of features in Ethereum's ecosystem.

Google of blockchains

The Graph has been called the Google of blockchain technology by some.   

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More about the GRT price

Price history GRT

The Graph was launched in late 2021 as a promising project. GRT was very successful in its first year. The price managed to rise from $0.12 to $2.88 per GRT in about a month and a half. This was immediately its all-time high. From February 2021, GRT's price started to decline and by the end of 2022, GRT's share price had fallen by more than 97%.

The launch

The launch of The Graph's mainnet took place on 17 December 2020, after they started development in 2017. In the testnet, 200 indexers worked as nodes and more than 1,600 curators successfully completed the Curator Program. Here, curators learned how to identify high-quality subgraphs. At launch, there was a total inventory of 10 billion GRT tokens and the issuance of new tokens as indexing rewards started at 3% per year. 

The use of Subgraphs

The Graph makes indexing and querying data from blockchains possible thanks to Subgraphs. Because Subgraphs is open source, anyone can use the APIs to build applications. Many well-known applications on the Ethereum blockchain have used Subgraphs to build their project. Examples include: Audius, Uniswap, Opyn, ENS, DAOstack, Synthetix and Moloch. 

Proof-of-Stake

GRT is a token that uses the Proof-of-Stake consensus algorithm. This means that data indexing is enabled by Proof-of-Stake GRT tokens. You can have a contribution on the network, by acting as an active indexer, curator or delegator. As a reward, you can earn GRT tokens. 

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