The Graph (GRT)
Decentralized indexing and querying layer for Web3.
The Graph allows dApps to query blockchain data efficiently through subgraphs. Instead of reading raw blockchain
data directly, developers can use The Graph's indexing network to get fast, structured data.
GRT is the native token used to incentivize indexers, curators and delegators, and to secure the network.
Below is real-time market data retrieved from the CoinGecko API.
The Graph (GRT) Live Data
Current Price: $0.0500
Market Cap: $530,786,212
24h Volume: $15,019,589
24h Change: -0.49%
Rank: 149
Project Overview
The Graph is designed to make blockchain data easy to access for applications. It does this by letting developers publish "subgraphs" that describe what data to index and how to store it.
This is particularly useful for DeFi dashboards, NFT marketplaces and any dApp that needs to display on-chain information quickly without building its own indexing infra.
The protocol is decentralized: indexers stake GRT, curators signal on quality subgraphs, delegators secure the network and earn a share of the fees.
Key Insights
• The Graph solves a real infra problem: most dApps need fast reads on-chain, not just raw node access.
• Adoption grows with Ethereum, L2s and other EVM-compatible chains, because they all need data indexing.
• GRT utility is tied to usage: more queries and more quality subgraphs = more economic activity in the network.
As Web3 becomes more modular (L2, appchains, rollups), a neutral indexing layer like The Graph becomes more valuable.
Common Questions About The Graph
1. What is GRT used for?
It is used for staking by indexers, for signaling by curators, and to pay for query fees in the network.
2. Is The Graph only for Ethereum?
No. It started with Ethereum but it expanded to multiple EVM chains and other networks.
3. Why decentralize indexing?
To avoid relying on centralized infra providers and to make data access censorship-resistant.
4. Who earns GRT?
Indexers, curators and delegators who help secure and improve the network.
Market Context
Infra tokens like GRT often follow cycles of dApp usage. When DeFi/NFTs/GameFi activity rises, demand for indexed data follows.
Because The Graph sits under many applications, it can benefit from overall Web3 growth without being tied to a single app's success.