The Graph
GRT
Decentralized protocol for indexing and querying blockchain data
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.29% | 2.60% | 12.08% | 33.91% | 0.99% | 8.02% |
Revenue & Burn
Protocol income
$0Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $0 | -- | -- | -- |
| Oct 2026 | $0 | -- | -- | -- |
| Sep 2026 | $0 | -- | -- | -- |
| Aug 2026 | $0 | -- | -- | -- |
| Jul 2026 | $0 | -- | -- | -- |
| Jun 2026 | $0.01 | -- | -- | -- |
Comparison
Tokenomics
Unlock Progress
Data source: CoinGecko
Top Holders
| Address | Token | Quantity | 7d | Percentage | Value |
|---|---|---|---|---|---|
| The Graph (f090) |   GRT | 2,332,982,655.71 | -- | 20.09% | $41.36M |
| Upbit: GRT (396c) | GRT | 817,351,227.16 | -- | 7.04% | $14.49M |
| 0x32ec...2ca1 | GRT | 645,833,333.33 | -- | 5.56% | $11.45M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | GRT/USD | $0.038 | $53,016 | $77,830 | $595,736 | 5.74% | |
| 2 | BBithumbCEX | GRT/KRW | $0.03823 | $8,375 | $6,613 | $61,322 | 0.59% |
| 3 | GRT/GBP | $0.03791 | $11,904 | $8,572 | $58,027 | 0.56% | |
| 4 | BBitstampCEX | GRT/USD | $0.03798 | $857 | $1,514 | $52,433 | 0.50% |
| 5 | GRT/WETH | $0.03789 | $2,754 | $2,746 | $34,895 | 0.34% | |
| 6 | GRT/EUR | $0.03788 | $7,094 | $12,009 | $24,589 | 0.24% | |
| 7 | GRT/BTC | $0.03713 | $138 | $7,110 | $10,877 | 0.10% | |
| 8 | GRT/BTC | $0.03713 | $138 | $7,110 | $10,877 | 0.10% | |
| 9 | GGeminiCEX | GRT/USD | $0.0382 | $2,002 | $2,135 | $3,366 | 0.03% |
| 10 | BBitstampCEX | GRT/EUR | $0.03662 | $16,527 | $12,649 | $1,073 | 0.01% |
Follow Updates
Follow Lists
People
About The Graph
The Graph is a decentralized blockchain data-indexing protocol that organises on-chain data into GraphQL endpoints via "subgraphs" for queries by DeFi, NFT and DAO applications. It solves the difficulty of consuming raw on-chain data by splitting the network into Indexers, Curators and Delegators, where curation signals form a pricing model for queries and fees paid in GRT to indexers make data supply a priced two-sided market; the Horizon upgrade added a unified staking and payment layer for multiple data services.
In October 2026 Subgraph Studio query traffic migrated to the decentralized network, with Polygon and BNB Chain queries settled through decentralized gateways and fees paid in GRT to indexers. The shift strengthens the network's decentralization, but real adoption of indexing services still depends on developers' willingness to migrate, and whether AI agents and enterprise queries convert into steady revenue remains open.
In 2018 the Edge & Node team proposed indexing on-chain data into GraphQL endpoints via "subgraphs"; The Graph mainnet went live in December 2020, with GRT as the staking and payment token of the indexing market.
The Graph splits the network into Indexers, Curators, Delegators and developers, with query fees and indexing rewards forming a two-sided market that became the default data layer for DeFi, NFTs and DAOs.
In December 2025 The Graph shipped the Horizon upgrade, turning a single subgraph protocol into a modular multi-service architecture, with one staking, payment and security layer for Substreams, Token API and Amp.
In February 2026 The Graph published its technical roadmap: subgraph service mainnet in Q1, an x402-compliant gateway with MCP/A2A in Q2, Substreams mainnet and liquid staking in Q3, and the Amp SQL platform in Q4.
By early 2026 The Graph had served over 1.27 trillion queries across 75,000 projects and 60-plus chains, with DTCC's collateral experiment as the centerpiece of its institutional case.
The intent is clear: move GRT from "indexing mining" toward multi-service fees and burns. Whether AI agents and enterprise revenue actually materialize will decide the pivot.
September 24: the Foundation announced it would migrate Subgraph Studio query traffic to the decentralized network, starting with BNB Chain and Polygon, with the legacy centralized endpoints shut down on October 8.
September 28: GRT surged 25.58% in a day to about $0.036, with spot volume of $117.1M (roughly 5.3x normal), nearly doubling from its early-month low.
October 6-8: the migration took effect, routing Polygon and BNB Chain Studio traffic through decentralized gateways, with query fees paid in GRT to indexers and delegators.
Supply and operations: over 94% of supply is already unlocked, and inflationary emissions plus monthly unlocks keep sell pressure in place; since August-September the Foundation has taken a more direct operational role and adjusted rewards to favor high-value indexing; the 2026 roadmap also includes an x402 gateway and pay-per-query access for AI agents.
The Graph's annual technical roadmap, published on February 17, 2026, put the Horizon-based Subgraph Service on mainnet, the Rewards Eligibility Oracle and a production Token API in the first quarter; an x402-compliant gateway with MCP/A2A support, a Substreams MVP and the Tycho public beta in the second; Substreams mainnet and liquid staking in the third; and the Amp SQL platform in the fourth.
The network reported 1.27 trillion cumulative queries, more than 75,000 projects served and over 60 chains by early 2026, with GRT bridged through Chainlink CCIP to Arbitrum, Base and Avalanche and Solana planned for 2026; Amp offers regulated institutions SQL access, data lineage and audit trails, and DTCC's collateral experiment is cited as an institutional case, while the REO ties indexing rewards to delivered quality.
The Graph's Future strategy and roadmap: The 2026 roadmap reattaches revenue and staking to multiple services: REO replaces passive holding with a verifiable work standard, DIPs let consumers and chains pay indexers directly, and Substreams and Amp each add new query-fee and burn sources. For institutions the point is not Amp's SQL interface but liquid staking, soft-launched in August: stGRT turns a delegated position into a standard ERC-20 so custodians and exchanges can join without building delegation infrastructure, with Avantgarde deploying the vault on Enzyme tooling and the Foundation managing it to give institutions an auditable risk method. A base of 1.27 trillion queries across 75,000 projects is the floor; growth depends on AI agents paying through x402 and regulated institutions moving DTCC-style experiments into production.
Yaniv Tal is a co-founder. He holds mathematics and EE degrees from Westminster College and USC, worked as a firmware engineer at HP and a senior engineer at MuleSoft, founded The Graph in 2018 and now works on Geo.
Brandon Ramirez is a co-founder. He holds an electrical engineering degree from USC, was a big-data manager at Microsoft and later research lead and interim CEO there, co-founding the protocol in 2018.
Jannis Pohlmann is co-founder and CTO of Edge & Node. He holds a diploma in computer science and HCI from the University of Lübeck, was an Xfce core developer and senior architect at Codethink, and runs the Graph Node core.
Tegan Kline is co-founder of Edge & Node. She holds a finance degree and MBA from Baruch College, came from Merrill Lynch and Barclays, was chief business officer from 2021, CEO from 2023 to 2025, then a board member.
Rodrigo Coelho is CEO of Edge & Node. He holds an industrial engineering degree from Arizona State, founded the encrypted messaging platform cSuite, joined in 2018 to lead community and became CEO in 2025.