
The Graph
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.