what's the graph?
The Graph is a decentralized indexing protocol that organizes blockchain data and makes it easily accessible using GraphQL. It enables developers to create subgraphs for querying on-chain data efficiently across multiple networks, including Ethereum, Solana, and others. Key features include Substreams for high-speed parallel indexing, the Token API for real-time balances and pricing, and support for historical and live data streams. The protocol powers dApps by providing reliable, composable data infrastructure, reducing the need for custom indexers. It uses the GRT token to incentivize indexers, curators, and delegators in its network.
The Graph shipped MCP integration in 2025.
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Experienced downtime on 2026-01-12 affecting services dependent on its infrastructure.
Shipped MCP integration in 2025.
Generated approximately $20M in fees/revenue in 2025.
Delegation becomes service-specific with Horizon, enabling stake distribution across multiple data services (SubgraphService, Substreams, Token API) with up to 100 simultaneous undelegation requests, while GRT fees from all services contribute to token burns.
New product suite launches with unified onchain/offchain access, sub-second streaming, and ML-ready workflows for AI researchers, quant traders, and DeFi builders.
Long-lived allocations replace mandatory 28-day cycles with proof of indexing required every 7-14 days, and rewards eligibility now depends on meeting thresholds for availability, sync speed, and query latency.
The 0.5% delegation tax is removed as part of the Horizon upgrade's economic restructuring.
Trading volume increases 32% and Open Interest rises 3.6% despite price declining 3.6%.
Pinax Network releases new SDK for Token API integration to accelerate developer onboarding, announced at SolanaConf Breakpoint in Abu Dhabi where the team met with Solana developers.
The protocol reports serving 1.2 trillion queries cumulatively with billions of onchain transactions indexed.
Launches Horizon, a protocol upgrade that transforms the network into a multi-service platform with token burns, unified payments, and consolidated infrastructure combining Subgraphs, Substreams, and Token API under shared economic security.
The token is included in 3 institutional ETF products: Grayscale Decentralized AI Fund and 2 others.
Ranks 10th among Ethereum-based ecosystem projects by development activity with an upward trend since the last monthly ranking update, according to Santiment github activity data.
Integrates with Stable blockchain on its mainnet launch day, adding support for the institutional-grade stablecoin blockchain in Subgraph Studio.
Alchemy ends their Subgraphs service, with builders migrating back to The Graph network where Subgraphs originated.
Announces Amp, a blockchain-native database for building smart-contract datasets locally, and joins the Ethereum Protocol Advocacy Alliance with Aave, Curve, Lido, Uniswap Foundation and others to protect Ethereum's neutrality through coordinated policy efforts.
The Depository Trust & Clearing Corporation (DTCC) adopts The Graph, reducing blockchain connector development time from years to weeks or days through collaboration with Datanexus team.
Ranks 8th among AI & Big Data crypto projects by development activity with a downward trend since last ranking update, according to Santiment github activity data.
Core dev team EdgeandNode partners with Coinbase, Google Cloud, and Ethereum Foundation's dAI teams to develop agentic infrastructure standards, contributing to ERC-8004 for agent discovery alongside x402. Integration with ampersend_ai platform enables autonomous agent access to blockchain data services.
The Graph will attend Solana Conference Breakpoint in Abu Dhabi on December 11-13, bringing indexing and infrastructure to the Solana ecosystem.
Grayscale AI fund holds GRT at 6.11% allocation.
Horizon Mainnet launch date confirmed as December 9th.
Develops x402 protocol standard to enable crypto-native payments for AI agents, agent-to-agent communication, and dapps based on HTTP 402 payment protocol.
Horizon Mainnet launch scheduled for December 2025 with specific date to be determined.
Next phase roadmap targets real-time indexing, agentic systems, and reproducible onchain data capabilities.
Sponsors SmartCon's inaugural VC Demo Day with Derek Meyer from the Council participating on the judging panel.
Joins Ethereum Protocol Advocacy Alliance (EPAA) alongside builders representing over $100B in onchain assets to shape future regulatory framework.
Monad mainnet launches with day-1 integration across The Graph's products, now live in Subgraph Studio and supported via Substreams and Firehose for developer queries.
EthGlobal Buenos Aires hackathon concludes with winners announced: Amplify wins $3,000 for best use of Amp datasets and Agentica wins $2,000 for AI use cases, completing the first public developer deployment of Amp blockchain-native database with five total winning projects.
5-year anniversary celebration scheduled for December 3rd at The House of Web3, with a community toast from team lead Nick.
Amp developer preview launches with exclusive hands-on access at EthGlobal Buenos Aires hackathon, offering $10k in bounties split across Amp datasets ($5k), AI use cases ($2k), and Subgraph advanced features ($2k).
Edge & Node CEO speaks at Pragma Buenos Aires on November 20, sharing The Graph ecosystem's insights on decentralized data infrastructure and crypto's role in the global economic future.
Core dev team presents at Frontier Forum in Buenos Aires on Amp and ampersend for onchain agentic development with AI agents and enterprises.
First public demo of Amp blockchain-native database scheduled at Buenos Aires events including Devcon, Pragma, and EthGlobal with core dev teams present for workshops, demos, and product showcases.
The Graph announces Subgraph Dev Move, a faster, local-first development tool for building subgraphs.
TRON developers gain access to The Graph's Token API and enterprise-grade Substreams infrastructure.
The Graph launches Amp, an enterprise-grade blockchain-native database built for finance, analytics, and compliance use cases, transforming encoded onchain data into real-time, structured, and verifiable datasets.
The Graph joins 6 major protocols (Aave, Uniswap, Lido, Curve, Spark, and Aragon) in launching the Ethereum Protocol Advocacy Alliance (EPAA) to coordinate policy efforts for onchain infrastructure, collectively securing over $100B in assets. Geo (formerly Geobrowser) spins out as its own independent protocol focused on organizing and verifying knowledge while continuing to build on The Graph's infrastructure.
Arc testnet, a new L1 network launched by Circle, is now available in Subgraph Studio, enabling developers to build subgraphs on Arc for frontend applications.
Chain Integration Process restructured to reward only chains with real usage and active subgraphs. Q3 2025 metrics show 15,087 active subgraphs (up 7.6% QoQ), indexing rewards increased 29.6% to 81.6M GRT, and Base surpasses Ethereum Mainnet in query volume for the first time.
Centralized Subgraph service providers sunset their services as The Graph releases new features including Dev Mode, Composition, Aggregations, and Declarative eth_calls. The Graph launches an active migration initiative to onboard projects affected by competitor shutdowns.
The Graph launches support for the newly live Injective EVM Mainnet with fully optimized EVM Firehose, enabling Substreams and Subgraphs for building applications, AI agents, and dashboards on Injective EVM data.
The Graph ranks #7 among AI & Big Data crypto projects by development activity according to Santiment's Github metrics, showing upward movement in ranking since the last update.
DTCC publicly discusses at SmartCon its use of The Graph to power blockchain infrastructure for moving trillions of dollars in banking settlements, following their "Great Collateral Experiment" on instant settlement of repo agreements.
GRT token becomes a Cross-Chain Token (CCT) via Chainlink CCIP integration, enabling native transfers across Arbitrum, Avalanche, and Base, with Solana support coming next.
Galaxy Research report identifies GRT as showing one of the steepest declines among the top 100 cryptocurrencies, remaining over 50% below its all-time high.
Edge & Node CEO announces Amp, a blockchain-native database that transforms onchain data into enterprise-grade, compliant datasets with SQL query support across multiple blockchains and zero-setup local deployment.
The Graph joins the Ethereum Protocol Advocacy Alliance to contribute builder perspectives to policymaking.
The Graph will be available from day 1 of Injective's new public mainnet.
Derek Meyer and DTCC Digital Assets CTO Dan Doney present jointly at SmartCon2025 on November 4 at 3PM EST on enterprise-scale blockchain data infrastructure for financial services. DTCC is the backbone of post-trade market infrastructure settling quadrillions in trade activity.
Case study documents migration from The Graph to competitor SQD citing faster data delivery, smoother UI, and lower infrastructure costs. The Graph partners with SentientAGI to provide decentralized blockchain indexing and will attend EFDevcon Buenos Aires November 17-22, 2025.
New GRT/INR trading pair goes live on WazirX exchange at 5PM today with zero trading fees.
The Graph is a Platinum sponsor of Chainlink's SmartCon conference taking place November 4-5 in NYC.
NASDAQ-listed Rezolve AI acquires major competitor SQD (formerly Subsquid), which operates 2,500+ nodes, handles 2.1 petabytes of blockchain data, and claims benchmarks showing 2x faster indexing and 2000x faster disaster recovery compared to The Graph.
The Graph Foundation announces Derek Meyer as the newest Graph Council member, with expertise in blockchain data and infrastructure from his work at Data Nexus.
GRT becomes a Cross-Chain Token (CCT) powered by Chainlink CCIP, enabling secure cross-chain transfers between Arbitrum, Base, and Avalanche, with Solana support planned for phase 2.
The Graph announces participation in the DeFi district at Ethereum World's Fair in Buenos Aires this November.
Token API launches new features including no-code AI agents for OpenAI's ChatGPT 5 agent mode, batch queries for multi-wallet and multi-contract operations, and new DEX endpoints for swaps, pools, and liquidity. One staking operator announces discontinuation of protocol support effective December 15th, encouraging delegators to unbond and transition to other operators.
Four new Subgraph features launch with improvements to speed, modularity, and analytics capabilities for onchain data building, ready for DevCon.
Horizon mainnet launch date set for December 2025 following completion of testnet phase as the final major milestone.
New product named "Amp" to be revealed at SmartCon on November 5, designed as enterprise-grade onchain data solution with real-time, verifiable, and compliant features for enterprises and AI-driven systems.
Fireside chat at SmartCon features DTCC Digital Assets CTO Dan Doney and The Graph Foundation Technical Advisor Derek Meyer discussing bridging traditional finance and decentralized data.
Announces Horizon as a modular data protocol evolution enabling any decentralized data service to plug into unified staking, payments, and governance systems powered by GRT.
New Subgraph Dev Mode releases as a local-first development environment, eliminating IPFS and redeployments for instant iteration, available now via Graph Node install.
Plans to announce a new breakthrough product at SmartCon 2025 that will change how institutions and web3 builders interact with blockchain data.
Platinum sponsor of SmartCon conference scheduled for November 4-5 in New York City.
Unichain completes chain integration process with indexing rewards now enabled, allowing developers building on Unichain to access data through The Graph's network of Indexers.
Grayscale opens Decentralized AI Fund to accredited investors with GRT included as one of six holdings alongside TAO, NEAR, IP, RENDER, and FIL.
Token API adds no-code AI agent support for ChatGPT agents with onchain data, batch queries for multiple wallets and contracts, and new DEX endpoints for swaps, pools, and liquidity data.
Hosts Builders Office Hours with Pinax Network to demonstrate Token API integration with ChatGPT for AI-powered blockchain asset tracking.
Protocol team hosts Indexer Office Hours on Oct 14 to discuss Horizon initiative, which includes protocol upgrades and a transition timeline for indexers to prepare for upcoming changes.
Listed as data provider partner in Sentient AGI's 110+ partner network, feeding the ODS pipeline infrastructure.
Launches Foundational Stores infrastructure for Substreams, featuring Token Metadata Store (ERC-20/EVM) and Solana SPL Store (SPL tokens/wallets), with more stores in development.
Token API Beta launches Scam/Spam Scoring v0.1.0 on Ethereum and Base networks, while expanding Solana SPL endpoints for balances, transfers, swaps, and metadata. Upcoming feature Token OHLC by Contract & Pool is announced for future release.
Network reaches milestone of 14,000 live subgraphs, all open source and available for querying blockchain data.
Token API Beta launches Solana DEX integration and historical pricing features, enabling price tracking across 60+ Solana AMMs including Raydium, Jupiter, Meteora, and Pump.fun.
The Graph Protocol announces early support for Celo Sepolia, expanding indexing capabilities to the Celo test network.
Serves as Silver Sponsor at SuperteamKorea's Start Up Village, featuring dedicated session on solving Solana indexing challenges.
GRT cited as example of token with bad technical charts that recently bounced.
Token API Beta Release 5 launches with spam/scam token filtering capabilities and NFT spam scoring v0.1.0 for Ethereum and Base networks, plus expanded SPL endpoints functionality.
Team members from The Graph Foundation and Edge & Node attend UDC Upbit Conference in Seoul, promising to share exciting updates and alpha at their official booth.
New Arbitrum integration delivers 100x faster order history loading performance.
Aztec Foundation Executive Director joins Council, bringing privacy protocol expertise to governance structure.
HyperGraph launches with immediate developer adoption, demonstrated through ETHGlobal hackathon winners Wallet Unwrapped and Secret Pineapple building privacy and analytics applications.
Integration with SentientAGI's GRID platform expands protocol utility into AI infrastructure alongside 110+ partners.
New Token API Beta expands cross-chain capabilities with Solana and Avalanche support, plus Uniswap V4 OHLC data integration.
New Knowledge Graph Framework launches with GRC-20 standard and TypeScript library, backed by $10,000 in hackathon bounties at ETHGlobal to drive ecosystem development.
Olas integrates subgraphs across entire platform, enhancing on-chain agent analytics capabilities.
White House report recognizes utility tokens like GRT as network assets rather than securities, while network reaches 100+ independent indexers serving nearly 100 blockchains.
Strategic partnerships established with Google Cloud, NVIDIA, and Aethir; THQ token generation event upcoming following oversubscribed Kaito launchpad sale.
New natural language interface enables AI-powered token data queries through Claude AI, Cursor AI, and Cline integration.
New Substreams implementation enables AI Agents and faster data indexing for Katana builders, expanding beyond initial integration.
Token API 4th release launches with Solana and Avalanche integration, adding cross-chain token transfers, NFT support, and Uniswap v4 pricing capabilities.
Token API Beta expands to support Uniswap V4 pools with advanced features for RWAs and custom pricing logic.
Development support deteriorating with mounting technical debt: 50+ open GitHub issues and failing subgraph systems.
Botanix Mainnet launches with day-one indexing and query support via Subgraphs.
Mainnet integration with Katana Network launches with day-one Subgraph Studio support.
OpenZeppelin CTO Jonathan Alexander appointed to Council, bringing infrastructure scaling experience.
Participates in $300k prize pool at ETHGlobal Cannes (July 4-6) alongside LINK, HBAR, and other major protocols
Platform achieves 7% quarter-over-quarter growth in data consumers amid continued subgraph expansion.