The Graph is an indexing protocol for querying data for networks such as Ethereum and IPFS, and it powers many applications in both DeFi and the larger Web3 ecosystem. Anyone can create and publish open APIs, known as subgraphs, that applications can query for blockchain data using GraphQL.
There is a hosted service in production that allows developers to quickly get started building on The Graph, and the decentralized network will launch later this year. The Graph currently indexes data from Ethereum, IPFS, and POA, with more networks on the way.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
As of October 2020, the Graph had a global community of over 200 Indexer Nodes in the testnet and over 2,000 Curators in the Curator Program.
The Graph raised funds from community members, strategic VCs, and influential individuals in the blockchain community, including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital, and others, to fund network development. The Graph Foundation also completed a public GRT Sale with 99 countries participating (not including the U.S.). The Graph has raised $25 million as of November 2020.
The Graph ( GRT ) Price Prediction
The Graph price equal to $0.81 USD on May, 22st 2021 here’s a price prediction on The Graph.
Furthermore, By the end of 2021 we believe the price of GRT will be around $1.72 to $4.17 USD.