What is The Graph? Graph is a web3 protocol for indexing and making querying and accessing blockchain data easy with GraphQL.
Overview of The Graph
What is The Graph?
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. It helps you query data that is difficult to query directly.
Highlights of The Graph
The Graph has a number of outstanding features such as:
- The Graph’s decentralized network gives users access to geo-redundancy that does not exist when hosting a graph node itself.
- Queries are served reliably thanks to 99.9%+ uptime, achieved by 168 (and counting) cyber-secure Indexers globally.
- The Graph is less expensive, easier to use, and produces superior results compared to running a single node the graph
Product of The Graph
The Graph has some outstanding products as follows:
- Graph Explorer: Search and extract data through subgraphs and interact with protocols
- Subgraph Studio: Create, manage, and publish subgraphs and API keys
- Hosted Service: Create and search subgraph data on the hosted service
Mechanism of Action
The procedure follows these steps:
- DApps add data to Ethereum through transactions on smart contracts.
- Smart contracts emit one or more events while processing a transaction.
- The Graph Node will continuously scan data on Ethereum for new blocks and the subgraph data they may contain. After finding the necessary data, we will process the information you provided.
- The DApp queries the Graph Node for data set from the blockchain, using the node’s GraphQL endpoint. The Graph Node will then translate the GraphQL queries into queries to the underlying data warehouse to search this data.
- The DApp will display this data in a maple user interface, which they use to export new transactions on Ethereum. The cycle repeats.
Development Roadmap
The project does not specify a timeline but will follow 5 separate working groups:
- Data & APIs
- SNARK Force
- Protocol Economics
- Network Protocols & Operations
- Indexing experience
Backer
- On January 28, 2019, The Graph raised $2.5M in Seed Round led by Multicoin Capital, a large and reputable fund in the crypto market.
- On June 30, 2020, The Graph raised $5M in funding by many large and reputable investment funds such as: Framework, ParaFi Capital, Coinbase Ventures and Digital Currency Group, etc. with continued participation from Multicoin Capital and DTC Capital
- On October 28, 2020, The Graph raised a fund of $12M, but no investment funds participated in this capital call.
- On January 22, 2022, The Graph announced a $50M fundraising raise through a strategic GRT sale from the project’s Treasury. The funding round was led by Tiger Global fund, in addition to funds such as: Blockwall Digital, Fenbushi Capital, FinTech Collective and Reciprocal Ventures also participating in this round of The Graph’s capital call.
Coreteam
Yaniv Tai – Project Lead of The Graph
- Yaniv was CoFounder of the TapSavvy project, a mobile payment platform from February 2013 to March 2015. Yaniv is also CoFounder of the Workflo project, a project on improving the user interface for applications from September 2016 to September 2017.
- From September 2017 – December 2017, he was a partner and software engineer for Functional Foundry, an application and software company. From January 2018 to present, he has been the project leader of The Graph
Jannis Pohlmann – Tech Lead of The Graph
- From March 2016 to September 217, Jannis was a software engineering contractor for the Workflo project, a project to improve the user interface for applications.
- From September 2017 – March 2018, Jannis was a foreign affairs consultant for Functional Foundry, an application and software company. From April 2018 until now working for The Graph project as head of technology department
Tokenomics
Token Overview
- Token Name: The Graph
- Ticker:GRT
- Blockchain: Ethereum
- Contract: 0xc944e90c64b2c07662a292be6244bdf05cda44a7
- Token type: Utility
- Token Standard: ERC-20
- Total Supply: 10,000,000,000 GRT + New Issuance – Token Burn Amount (New issuance per year is about 3%, Expected token burn is 1%)
Token Allocation
- Community: 35%.
- Early Backers: 17%.
- Edge & Node: 8%.
- Early Team & Advisors: 23%.
- Backers: 17%.
Token Release
Token Use Case
Currently GRT is used in The Graph platform as a currency for exchange between users and delegates, managers and queryers in the protocol.
Exchanges
The Graph is listed on most major centralized exchanges such as: Binance, Coinbase, FTX, Kucoin, Huobi,… and some decentralized exchanges such as: Uniswap, Sushiswap,…
The Graph Information Channel
Website: https://thegraph.com/
Twitter: https://twitter.com/graphprotocol
Discord: https://discord.com/invite/vtvv7FP
Telegram: https://t.me/graphprotocol
Github: https://github.com/graphprotocol
Reddit: https://www.reddit.com/r/thegraph/
Summary
The Graph is one of the Web3 projects that is considered “Google On Blockchain”. One of the leading projects in data querying on blockchain. Let’s wait and see what products and strategies The Graph will launch in the near future!
