The Graph


4/23/20241 min read

The Graph is an indexing protocol for querying blockchain data that enables the creation of fully decentralized applications. Dubbed the "Google of the Blockchain," it caters to developers rather than the general public.

It acts as the indexing and querying layer for the decentralized web. Developers build and publish open APIs called subgraphs, which applications can query using GraphQL. The Graph currently supports data indexing from networks like Ethereum, IPFS, Polkadot, NEAR, Solana, and Celo, with more on the way. To date, over 10,000 active developers have deployed more than 8,000 subgraphs for applications such as Uniswap, Synthetix, and Decentraland.

The Graph is a decentralized protocol built on Ethereum for indexing and querying Ethereum blockchain data. It targets developers who can use subgraphs to define how blockchain data is accessed, indexed, and provided in a verifiable way, streamlining the data indexing process in blockchain projects. This convenience has attracted many developers.

The hosted service of The Graph saw a query volume in January 2021 that was 100 times greater than in 2020, signifying a major shift towards the decentralized internet of Web3.

GRT, The Graph’s native utility token based on ERC-20, plays a crucial role in maintaining and securing the network. It incentivizes protocol participants, who earn income based on the work they perform and the GRT they stake.

The Graph distinguishes itself in the Web3 space by integrating blockchain's potential with data accessibility, driven by a community-supported ecosystem where members contribute to protocol governance and evolution, ensuring its growth aligns with user needs. This positions The Graph not only as a protocol but also as a pioneer in building a decentralized future.

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