The Graph price (GRT)

What is The Graph?

The Graph is an indexing and query protocol that organizes blockchain data so applications can read it quickly. Instead of every dapp running its own indexing servers, developers publish open APIs called subgraphs that define which on-chain events to extract and how to structure them. Front ends for Uniswap, Aave, ENS, and thousands of other protocols query these subgraphs using GraphQL, paying per query rather than maintaining infrastructure themselves.

Four roles keep the network honest: Indexers stake GRT to run nodes and serve queries, Curators signal on useful subgraphs, Delegators lend stake to Indexers for a share of fees, and consumers pay query fees in GRT. Faulty data can trigger slashing of an Indexer's stake. Supply started at 10 billion GRT with roughly 3 percent annual issuance funding indexing rewards, partially offset by burns of curation taxes and a slice of query fees.

Hosted-service indexing began in 2018, the decentralized mainnet launched in December 2020, and protocol activity later migrated to Arbitrum One to cut gas costs. The hosted service was sunset in 2024 under the "Sunrise" upgrade, pushing all subgraphs onto the decentralized network. GRT remains the dominant Web3 indexing token, though it trades far below its 2021 peak and competes with Substreams-style pipelines and centralized RPC data providers.

What moves the GRT price?

Query-fee growth is the fundamental lever: more paying subgraph consumers means more GRT locked by Indexers and burned through protocol taxes. Issuance of about 3 percent per year creates steady sell pressure from Indexer rewards, so the token tends to re-rate when fee burn narrows that gap or when large protocols migrate data workloads onto the network.

Beyond fundamentals, GRT trades with the broader infrastructure basket, rallying on AI-plus-data narratives such as The Graph's Substreams and agent-tooling roadmap. Exchange coverage is already wide, so listings matter less than Ethereum ecosystem activity, Arbitrum usage, and grant-funded developer growth. Most early investor and team allocations unlocked years ago, limiting scheduled supply shocks.

The Graph FAQ

What is The Graph (GRT) used for?

GRT is the work token of The Graph's indexing marketplace. Indexers stake it to serve blockchain queries, Delegators back Indexers for a fee share, Curators signal on subgraphs, and applications spend it on query fees. It also secures the network, since dishonest Indexers can have staked GRT slashed.

How does GRT's supply work?

The network launched with 10 billion GRT and mints roughly 3 percent per year as indexing rewards. Burns partially offset this: a 1 percent curation tax, delegation taxes, and a share of query fees are destroyed. Net supply therefore grows slowly, with most investor allocations already vested.

Is The Graph a good investment in 2026?

The Graph runs real infrastructure with measurable query revenue and deep integrations across Ethereum and Arbitrum, which sets it apart from purely narrative tokens. Against that, issuance outpaces burn, centralized data APIs compete hard, and GRT has lagged prior cycle highs. Weigh both sides yourself; this is not financial advice.

Where can I buy GRT?

A regulated venue such as CEX.IO lists GRT against major pairs with card and bank funding. New accounts entering promo code FREECRYPTO receive a 100 USDC trading-fee bonus credited after the first deposit, valid for 30 days. Coinbase and Kraken also carry the token.