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Graph (GRT) Things You Need To Know Before Investing

What Is The Graph (GRT)?

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. A hosted service in production makes it easy for developers to get started building on The GRT, and the decentralized network will be launching later this year. The GRT currently supports indexing data from Ethereum, IPFS, and POA, with more networks coming soon.

To learn more about this project, check out our deep dive of The Graph.

Thousands of developers have deployed over 3,000 subgraphs for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland, and many others. The Graph usage has grown at over 50% MoM and hit over 7 billion queries during September 2020.

The GRT has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. The GRT raised funds from community members, strategic VCs, and influential individuals in the blockchain community to fund network development, including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital, and others. The GRT Foundation also completed a public GRT Sale with participation from 99 countries (not including the U.S.). As of November 2020, The GRT has raised ~$25M.

Who Are the Founders of The Graph?

The GRT team includes professionals from the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, MuleSoft leading up to the IPO and acquisition by Salesforce, Puppet, Redhat, and Barclays.

The initial co-founding team includes Yaniv Tal (project lead), Brandon Ramirez (research lead), and Jannis Pohlmann (tech lead).

The founders have engineering backgrounds and have worked together for 5-8 years. Tal and Ramirez studied electrical engineering at USC and worked together at MuleSoft, an API developer tools company that underwent an IPO and sold to SalesForce.

They previously co-founded a developer tools startup together and have spent a significant portion of their careers working to optimize the API stack. At their last startup, the founders built a custom framework on an immutable database called Datomic. The Graph was born from this vision to create immutable APIs and data access using the GraphQL query language.

What Makes The Graph Unique?

The GRT is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure the economic security of The GRT Network and the integrity of data being queried, participants use (GRT). GRT is a work token that Indexers, Curators, and Delegators lock-up in order to provide indexing and curating services to the network.

GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators, and Delegators can earn income from the network proportional to the amount of work and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of the income earned by the Indexer they delegate to.

How Many The Graph (GRT) Coins Are There in Circulation?

The total GRT supply at the mainnet launch will be 10 billion tokens, with an initial circulating supply of ~1,245,666,867 GRT. New token issuance in the form of indexing rewards will begin at 3% annually and is subject to future technical governance by The GRT Council.

How Is The Graph Network Secured?

The GRT has built an open data layer on top of blockchains: Indexers can run their Ethereum archive nodes to run GRT Node or use node operators like Infura or Alchemy. Any analytics company can build an application to query subgraph data that The GRT indexes. Subgraphs are open APIs to be able to pull data from the blockchain most seamlessly and efficiently.

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