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The Graph

GRT

The Graph (GRT)

The Graph (GRT) is often called the Google of blockchains — it indexes and organizes blockchain data so apps can access it easily and instantly.
It’s a key piece of Web3 infrastructure, powering everything from DeFi dashboards to AI-driven analytics tools.


What is The Graph?

The Graph is a decentralized indexing protocol that lets developers query blockchain data quickly and efficiently.
It removes the need for centralized data providers by allowing users to create “subgraphs” — custom data indexes for specific dApps.

  • Launch year: 2020
  • Technology: Decentralized data indexing (subgraphs)
  • Token: GRT
  • Purpose: Make blockchain data searchable and developer-friendly

Projects like Uniswap, Aave, and Synthetix rely on The Graph to display real-time blockchain data on their interfaces.

How Does The Graph Work?

The Graph operates via indexers, curators, and delegators, each playing a unique role:

  • Indexers run nodes that process and store blockchain data.
  • Curators identify valuable subgraphs and signal quality.
  • Delegators stake GRT to support indexers and earn rewards.

When apps query data (like “user balances” or “transaction history”), The Graph returns answers instantly — similar to how Google crawls websites.

Why The Graph Matters 🔍

  • Infrastructure backbone: used by thousands of Web3 apps daily.
  • Data accessibility: makes decentralized apps faster and more reliable.
  • Cross-chain support: indexes Ethereum, Polygon, Arbitrum, Avalanche, and more.
  • AI-ready: structured blockchain data supports machine learning and analytics.

Without The Graph, developers would spend countless hours manually gathering and verifying blockchain data.

The Graph Use Cases

  • DeFi dashboards: powering data for apps like Zapper, Zerion, and Dune.
  • NFT analytics: track ownership and on-chain activity.
  • AI + data tools: structured on-chain data for machine learning models.
  • Multi-chain explorers: unified blockchain search across networks.

Risks of The Graph ⚠️

  • Network centralization: most indexing still done by a few large players.
  • Competition: rivals like Covalent and SubQuery offer similar services.
  • Complex economics: staking and rewards can be hard for newcomers.
  • Regulatory uncertainty: as data monetization grows, so might scrutiny.

Lanzo Tip 🧠

The Graph is the invisible engine behind most dApps you use. It doesn’t get hype like meme coins, but it’s real infrastructure — steady, useful, and essential for Web3’s growth.