Exploring GRT: The Graph’s Role in the DeFi and Web3 Ecosystem
The Graph is an indexing protocol that helps retrieve data from networks like Ethereum and IPFS. It’s a vital part of many applications in DeFi and the broader Web3 space. Developers can build and share open APIs, called subgraphs, which apps can query using GraphQL to get blockchain data. Over 3,000 subgraphs have been deployed by thousands of developers for DApps like Uniswap, Synthetix, and AAVE. Usage of The Graph has been growing, with over 7 billion queries in one month. The community is global, with over 200 Indexer Nodes in the testnet and more than 2,000 Curators. The project has raised around $25M from investors to fund network development.
