The Graph aims to provide DeFi ecosystem and Web3 base applications. Users can build Open apis through The Graph to facilitate data extraction. Because blockchain is decentralized, data cannot be stored and retrieved as quickly as a centralized database. However, The Graph uses The standard GraphQl language to write blockchain data as subGraph sub-indexes, and stores and finds data through The sub-indexes. In addition, The Graph crawls and updates smart contracts automatically, so you don't have to worry about finding old, unusable data.

The Graph is similar to Google and Baidu, but in different areas. The traditional Internet relies on accurate search engines to get the data we need. Similarly, a strong indexing protocol is needed in the blockchain world to adapt to the evolving blockchain world. On-chain data is more complex than traditional data and is represented as a jumble of code from which there is no gain or synergy between protocols. A lot of data can not be directly called and queried, only through a centralized retrieval server, grab data from the chain after processing, and then in the form of API provided to a variety of decentralized applications for connection and use. This goes against the idea of blockchain decentralization to some extent. The Emergence of The Graph can solve The above problems, making serverless decentralized applications built on The public underlying network possible.

According to published reports, The Graph hosted 7.6 billion queries in September, up from 4 billion queries in August. In a month, the number of queries increased by 2.6 billion times. Market Demand is extremely high!

Developing a DApp on Ethereum requires being a full node on Ethereum, and developers need to download the full ledger of the entire Ethereum network, which dramatically increases the cost of developing a DApp. However, with The Graph, developers can quickly access The raw data and information needed to develop DApps directly from The Graph network without becoming a complete node of The blockchain. This will enable The team to focus on The core functions of dApps and help developers develop more "advanced" DApps more easily and efficiently.

To support The ability to query markets, The Graph protocol introduces a native token: Graph token (GRT). Graph token has three main functions in the protocol: 1. The searcher pledges Graph token so that the searcher can be discovered by the query market and provide economic security in the process of performing work. 2. Client pledge The client can pledge GRT to the retrieval node of the person it considers reliable, participate in the network security maintenance, and share the income with the retrieval node. Predict which subgraphs are valuable to the network, and they are rewarded for being right. 3. The manager pledges GRT to the Subgraph it considers best through the joint curve and obtains the query fee of the Subgraph. Users can pay ETH or DAI for queries. But the final settlement will be done in GRT to ensure a common unit of account is used throughout the agreement. In addition, holding native tokens can encourage certain behaviors through inflation. The ability to dynamically adjust monetary policy for inflation is a powerful tool in the toolbox.

Is a decentralized indexing protocol for organizing blockchain data. The application uses GraphQL to query an open API called a subgraph to retrieve data indexed over the network.

There are many different ways to participate in the network, divided into different roles, each of which requires different technical knowledge from the user. In addition to developers who create or use existing subgraphs, The most important roles users can play in The Graph network include indexer, curator, representative, and consumer.

The Graph, founded in 2018, is a search engine on The blockchain. It crawls data on The blockchain in a decentralized way. Whenever new data is updated on The blockchain or smart contracts, it records and stores it, allowing developers to automatically adjust their DApps according to The changes on The chain. The Graph has been called The Google of blockchain, but unlike Google, its services are now mostly used by developers, not regular users.

GRT is the original token for TheGraph project, with a total of 10 billion issued, 35% distributed to the community, 23% to teams and advisors, 17% to early investors, and 17% to investors.

1. Block chain query hard requirements. The Graph has a similar effect on blockchain as Google does on search. Currently, Hosted Service handles over 4 billion price, historical transaction volume, liquidity requests per month from Uniswap, Coingecko, Synthetix, etc. 2.The Graph relies on an incentivized network of nodes to keep The service running, instead of relying on a single server or database, making The application serverless. Many ethereum projects have created subgraphs for their projects, including Uniswap, ENS, DAOstack, Synthetix, Moloch, Decentraland, Aragon, etc. 4. Currently, to develop a DApp on Ethereum, you need to become a full node on Ethereum. Developers need to download a complete ledger of the entire Ethereum network, which greatly increases the cost of developing dApps. However, with The Graph, developers do not need to be a complete node of The blockchain, but can quickly obtain The relevant raw data and information needed to develop DApps directly from The Graph network, which will help developers develop more "advanced" DApps more conveniently and efficiently. The Graph project has been favored by VCS since its inception because it has lowered The bar for Dapp development.

Indexers are node operators in The Graph Network who bet on Graph Tokens (GRT) to provide indexing and query processing services. Indexers receive query fees and indexer awards for their services.

The competitors are mainly from exchange data analysis sites such as Coinmetrics, Tokenanalyst, Skew, Coingecko, Kaiko and others

GRT is The Graph project's original token, with 10 billion issued and about 1.2 billion currently in circulation. Big data shows that THE current price of GRT is about $0.67, with a market value of $830 million. The Graph is a decentralized protocol for retrieving and querying blockchain data. To put it simply, The Graph is a search engine in The blockchain space, similar to traditional Google. However, The Graph is for developers, not The average user. Developers can define how to capture, index, and serve blockchain data in a verifiable way by building subgraphs. The participation of four different roles in The Graph network ensures The normal operation of The whole protocol and drives them to jointly maintain The security of The Graph network through appropriate incentive mechanism. User (Comsumer) : Usually The end user, but could also be a web service or middleware that integrates The Graph. They pay the indexer for the query. Indexer: An Indexer is The running node of The Graph. They earn rewards by running nodes. Curator: Curators use GRT tokens to indicate which subgraphs are worth indexing. They are usually developers, end users who support their use of the service, or a role for purely economic reasons. Delegators: Principals pledge GRT tokens to an Indexer to earn a share of inflation rewards and fees without having to run a Graph node themselves. The main motivation for such roles is economic. Query is a huge market in the eyes of many investors, who have not yet created a Google-level unicorn in the blockchain field. Back in January last year, The Graph team raised a $2.5 million seed round led by Multicoin Capital. Raised $5 million in SAFT funding on June 30 from Multicoin Capital, Framework, ParaFi Capital, Coinbase Ventures, And Digital Currency Group. GRT's initial public offering in October was snapped up in the first few minutes, thanks to a strong backing of investors who have now made a return of about 20 times the ipo price of $0.03. According to published reports, The Graph hosted 7.6 billion queries in September, up from 4 billion queries in August. In a month, the number of queries increased by 2.6 billion times. So what's The point of The Graph? As we all know, developing a DApp on Ethereum requires being a full node on Ethereum, and developers need to download a full ledger of the entire Ethereum network, which dramatically increases the cost of developing a DApp. However, with The Graph, developers can quickly access The raw data and information needed to develop DApps directly from The Graph network without becoming a complete node of The blockchain. This will enable The team to focus on The core functions of dApps and help developers develop more "advanced" DApps more easily and efficiently. So it's no surprise that The Graph has been hugely popular with developers.

The Graph is popular among developers because it makes it easier and more efficient for developers to build "advanced" dapps using Ethereum. Generally speaking, there is no positive competitor in The track where The Graph is located, and The market is still blank at present. Recently, China Coin has no commission to recharge GRT.

1. Ethereum performance issues, after all, the public chain is Ethereum. Faced with increasingly congested channels and very large transaction costs, more and more innovators will join the track to optimize it. 2, Ethereum contract code is not audited may have vulnerabilities. Any code that is not audited faces this problem, failing to achieve a good level of trust is likely to miss out on the participation of professional investors. 3. The project is in the initial stage, and the team is relatively united on the whole. However, with the development, the initial enthusiasm will gradually be consumed, and how to balance interests in the future is also a challenge that must be overcome.

Query is a huge market in the eyes of many investors, who have not yet created a Google-level unicorn in the blockchain field. The Graph's popularity in The community continues to grow, its position as The leader of The data indexing circuit is firmly established, and even The rumor that The Graph could be The next Chainlink has spread widely. However, as mainnet's new project, can its actual value support its current high valuation? Still depends on what The Graph actually does in The future.