سعر GRT اليوم

What is The Graph (GRT)?

The Graph is a decentralized indexing and query protocol that helps apps (and increasingly AI agents) retrieve blockchain data efficiently. Instead of every developer running custom infrastructure to read on-chain data, The Graph lets developers publish and use “subgraphs” (open APIs) that index and serve structured data for dapps.

GRT is the network’s utility token. It aligns incentives across key participants (Indexers, Curators, Delegators, and Consumers) who secure data quality, route demand to useful subgraphs, and pay for query services. For the official hub, visit The Graph.

Quick Summary

1. GRT is used for staking, curation, delegation, and paying for query services in The Graph’s decentralized marketplace.
2. The protocol targets ~3% annual new issuance to reward Indexers, with multiple burn mechanisms (including delegation and curation taxes, plus a portion of query fees) designed to offset issuance.
3. Governance and upgrades are overseen through The Graph Council and broader ecosystem processes.

Background & Entry Into Crypto

The Graph was founded by Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann, and emerged to solve a persistent Web3 problem: blockchain data is public, but it’s not easy to query at scale without specialized indexing infrastructure. Over time, the protocol evolved from early deployments into a decentralized network where independent node operators serve queries and earn rewards.

Major Contributions & Impact

The Graph’s biggest contribution is making blockchain data “app-friendly” through subgraphs. Instead of each team rebuilding the same data pipeline, subgraphs standardize indexing and querying. This pattern supports DeFi dashboards, NFT analytics, wallets, explorers, and many other on-chain applications that need reliable historical and real-time data access.

In practice, this turns raw chain data into a usable data layer that can scale with demand and distribute work across many providers (Indexers) rather than a single centralized service.

Influence on the Crypto Industry

As DeFi, on-chain gaming, and multi-chain apps expanded, data access became a bottleneck. The Graph’s decentralized marketplace model pushed indexing toward an open network where participants compete on performance and reliability while being economically aligned by staking and rewards.

If you’re comparing ecosystem “infrastructure” tokens, it’s often helpful to track majors like ETH price on CoinW and BTC price on CoinW, since The Graph’s demand tends to correlate with broader on-chain activity.

Role

GRT’s role is best understood as a network coordination token. It is used for staking, economic security, and routing incentives—rather than acting like a centralized exchange loyalty token.

GRT vs. a Traditional Exchange Token (High-Level Comparison)

How The Graph’s participant roles work

1. Indexers stake GRT and run infrastructure to index subgraphs and serve queries; they earn indexing rewards and query fees.
2. Curators signal which subgraphs are valuable (and can pay a curation tax), helping direct Indexers toward useful data.
3. Delegators delegate GRT to Indexers to help secure the network and earn a portion of rewards (with a delegation tax and unbonding period mechanics).
4. Consumers (apps, wallets, and other users) pay query fees for data access.

Notable Quotes

The Graph’s docs summarize the incentives model clearly: indexing rewards come from protocol inflation (targeted at ~3% annual issuance) and are distributed based on curation signal and allocated stake.

Legacy, Net Worth, and Future Outlook

Legacy: The Graph helped standardize the “index once, query anywhere” pattern for on-chain apps using subgraphs, reducing duplicated infrastructure across the ecosystem.

Net worth: Token projects typically do not have a single, reliable “net worth” figure comparable to a company, and individual founder net worth is not consistently verifiable from primary sources. A more practical metric is network activity (queries), adoption (subgraphs), and token supply dynamics.

Future outlook: GRT’s long-term relevance is closely tied to Web3 app growth and data demand. If multi-chain usage, DeFi volumes, and on-chain AI tooling continue to expand, indexing and query infrastructure may become more important—especially as apps require faster, standardized, and verifiable data access.

Key Aspects of GRT’s Tokenomics

Supply & issuance: The Graph launched with an initial supply of 10 billion GRT and targets ~3% new issuance annually to reward Indexers for allocating stake.

Burn mechanisms: The protocol includes multiple burns designed to offset issuance—commonly referenced examples include a delegation tax burn, a curation tax burn, and a portion of query fees burned.

Circulating supply snapshot: Third-party market trackers reported circulating supply around the ~10.5B–11B range in 2025 (varies by source and timing).

What are GRT’s main use cases?

1. Indexer staking: Run indexing/query infrastructure by staking GRT and earning indexing rewards + query fees.
2. Delegation: Delegate GRT to Indexers to support network security and earn a portion of rewards.
3. Curation: Signal valuable subgraphs to influence what gets indexed and used, aligning incentives around useful data.
4. Query payments: Pay for reliable access to indexed on-chain data through query fees.

What are the risks and ethical concerns of GRT?

1. Smart contract and protocol risk: Like many on-chain systems, bugs or failures in contracts, tooling, or integrations can impact participants.
2. Supply dynamics: Ongoing issuance (inflation) can create sell-pressure if usage and burns do not offset it; burns are designed to help, but outcomes depend on network activity.
3. Market and participation risk: Delegation includes parameters like tax burns and unbonding periods; participants should understand lockups and liquidity constraints.
4. Regulatory uncertainty: As with many utility tokens used in open networks, global policy treatment can evolve and may affect access, reporting, or listings.

How to get started with GRT

1. Review the project at thegraph.com and read the official docs.
2. Track the market on CoinW: GRT price on CoinW.
3. Start small if you plan to participate in delegation/curation, and understand taxes, burns, and unbonding mechanics first.

FAQs

1. What is The Graph (GRT)?
2. The Graph is a decentralized indexing and query protocol for blockchain data. GRT is its utility token used for staking, curation, delegation, and query-related incentives.
3. What are subgraphs?
4. Subgraphs are open APIs that index blockchain data into structures apps can query efficiently. Curators signal valuable subgraphs, and Indexers serve them.
5. How do Indexers, Curators, and Delegators earn GRT?
6. Indexers earn indexing rewards (from protocol issuance) and query fees. Delegators earn a portion of an Indexer’s rewards by delegating. Curators can earn from curation dynamics while paying a curation tax when signaling.
7. Is GRT inflationary?
8. The protocol targets ~3% annual new issuance, while also using burn mechanisms (such as delegation and curation taxes and a portion of query fees) intended to offset issuance.
9. Where can I track GRT on CoinW?
10. You can view it here on this same page.

References / Sources

1. The Graph (Official Site)
2. The Graph Docs
3. Indexing Overview (Docs)
4. Tokenomics (Docs)
5. The Graph Governance & Council
6. Messari: State of The Graph (Q3 2025)
7. CoinGecko: The Graph (GRT)

Sign up with CoinW to buy, sell, and manage crypto easily.

About CoinW: Founded in 2017, CoinW is a global cryptocurrency trading platform serving millions of users worldwide. Explore markets like BTC, ETH, and GRT.