The Graph (GRT)

The Graph (GRT) is an indexing protocol designed for querying data on decentralized networks, specifically catering to platforms like Ethereum and IPFS. It plays a crucial role in powering various applications within the decentralized finance (DeFi) and broader Web3 ecosystem. The protocol allows developers to build and publish open APIs, referred to as subgraphs, which applications can query using GraphQL to retrieve data from blockchain networks.

Key features and aspects of The Graph include:

Open APIs (Subgraphs): Developers can create and publish open APIs called subgraphs, which enable applications to efficiently query and retrieve data from decentralized networks.

GraphQL: The Graph utilizes GraphQL as a query language, providing a flexible and efficient way for applications to request specific data.

Hosted Service: There is a hosted service that simplifies the process for developers to start building on The Graph.

Decentralized Network: The Graph is working towards launching a decentralized network, allowing for greater decentralization and resilience.

Supported Networks: The protocol currently supports indexing data from Ethereum, IPFS, and POA, with plans to incorporate more networks in the future.

Community and Adoption: The Graph has gained significant traction within the blockchain community, with thousands of developers deploying over 3,000 subgraphs for popular decentralized applications (DApps) such as Uniswap, Synthetix, AAVE, and many others.

Global Community: The project has a global community, including Indexer Nodes and Curators, contributing to the network's development and growth.

Funding: The Graph has raised funds from community members, strategic venture capitalists, and influential individuals in the blockchain space.

Graph Token (GRT):

Function: GRT is a work token used by participants in The Graph Network, including Indexers, Curators, and delegates, to provide indexing and curating services.

Lock-up Mechanism: Participants lock up GRT tokens to ensure economic security and data integrity within the network.

Income Generation: Active Indexers, Curators, and Delegates can earn income from the network based on the amount of work they perform and their GRT stake.

ERC-20 Token: GRT is an ERC-20 token on the Ethereum blockchain, facilitating its use and interoperability within the Ethereum ecosystem.

Token Supply:

Total Supply: The total supply of GRT at the mainnet launch is set at 10 billion tokens.

Circulating Supply: The initial circulating supply is approximately 1,245,666,867 GRT.

Issuance Rate: New token issuance in the form of indexing rewards starts at 3% annually and is subject to future technical governance by The Graph Council.