The Graph
Crypto Overview
Understanding The Graph (GRT)
The Graph is a decentralized protocol designed to index and query blockchain data, primarily from networks like Ethereum. It serves as a crucial infrastructure layer that allows developers to efficiently access and retrieve blockchain data through GraphQL queries. Indexers stake GRT tokens to operate nodes, Curators signal which subgraphs are valuable to index, and Delegators participate by delegating GRT to Indexers.
Intended and Actual Utility
The GRT token serves multiple legitimate purposes within the ecosystem: it's used for securing the network through staking, incentivizing accurate indexing, and coordinating network participants. The protocol has demonstrated significant real-world adoption, with major protocols like Uniswap, Aave, and Decentraland utilizing The Graph's services.
Token Distribution and Governance
The initial token distribution allocated 30% to early investors and team members with appropriate vesting schedules. The Graph Foundation maintains transparency in token economics and governance. Current data shows active development, with over 50,000 developers using the protocol and more than 48 billion queries processed monthly as of 2023.
Revenue Model and Operations
The Graph operates on a fee-based model where users pay for queries using GRT. These fees are distributed to network participants based on their roles and contributions, creating a sustainable economic model without relying on interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in The Graph from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to The Graph.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.