What is Graph Token (GRT)?
The Graph (GRT) was launched in December 2020 as an indexing protocol for querying networks like Ethereum and IPFS. It serves a vital role in organizing blockchain data and making it easily accessible. GRT, its native token, is used to allocate resources in the network. The primary purpose of The Graph is to enable developers to build and publish various APIs, known as subgraphs, which applications can query using GraphQL. This has significantly improved access to blockchain data, making it more user-friendly and efficient.
The Graph supports the decentralized web by providing a robust infrastructure for decentralized applications (dApps) to efficiently access blockchain data. GRT token holders can participate in the network as Indexers, Curators, or Delegators, contributing to the protocol’s security and governance. The Graph has emerged as a crucial tool in the blockchain ecosystem, fostering the development of a more accessible and interoperable decentralized web.