Name : The Graph (GRT)
GRT Price : $0.095 -8.9%
Consensus Mechanism : Proof of Indexing
Volume: 37,959,781
Market Cap: 929,518,936
Shariah Judgement
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Last Screening: Q1 2025
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Overview
The Graph is a decentralized protocol designed to streamline the process of querying and indexing blockchain data, making decentralized application (dApp) development more efficient and scalable. It allows developers to extract, process, and retrieve blockchain data using Subgraphs, custom APIs built on blockchain data, and Substreams, an advanced parallel execution system for improved data fetching. The protocol leverages GraphQL, a powerful query language, to enable seamless data retrieval, helping dApps interact with blockchain data more effectively. By utilizing Subgraph manifests, developers can define the specific smart contracts and events they want to track, ensuring that only relevant data is indexed. The protocol is powered by Graph Node, an open-source implementation that supports decentralized indexing and querying of blockchain data. Developers can use tools like Dev Container to quickly build and deploy their first projects remotely or locally. With the introduction of Substreams packages, The Graph enhances performance and scalability, making it possible to handle large or complex blockchain networks more efficiently. The protocol operates on The Graph Network, where users pay for data queries using The Graph Token (GRT), a work utility token that also incentivizes network participants. The Graph simplifies blockchain data accessibility, empowering developers with reliable, cost-effective, and scalable solutions for querying on-chain information.
Whitepaper & Documents
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