What is The Graph?
The Graph is a decentralized protocol for indexing and querying blockchain data — enabling developers to build subgraphs that organize on-chain data into efficient, queryable APIs.
WHY IT MATTERS
The Graph is often called 'the Google of Web3.' It organizes the messy, unstructured data on blockchains into clean, queryable APIs. Developers define subgraphs — schemas and mappings that specify what events to listen for and how to store the data.
The protocol is decentralized: indexers run nodes that process subgraph data, curators signal which subgraphs are valuable, and delegators stake GRT tokens to support indexers. Queries are paid in GRT.
Major dApps (Uniswap, Aave, Decentraland) use The Graph for their data needs. The hosted service is being deprecated in favor of the decentralized network.