What is GRT Coin?

To easily answer the question of what is GRT Coin, Graph's native token GRT is used to ensure the integrity of the data secured within its network. The indexer, curator, or any delegating user must stake GRT to fulfill their role and receive compensation from the network in return.

The Graph (GRT) is a decentralized protocol that indexes and queries blockchains and is an open source software used to collect, process and store data from various blockchain applications to facilitate information retrieval. Users can create subgraphs, known as APIs, that can collect data without a third party.

Originally launched on the Ethereum blockchain, The Graph's mission is to help developers use relevant data to improve the efficiency of their decentralized applications (D'app). GRT analyzes and aggregates blockchain data before storing it in various indices called Subgraphs, allowing any application to send a query to its protocol and receive an instant response.
Queries are created by D'apps through GraphQL, a widely used language originally created by Facebook to collect data for a user's news feed.

Graph users, called indexers and agents, who provide services to the network, help process data and deliver it to end users and applications.

The Graph is used by popular Ethereum applications such as Aave, Curve and Uniswap.
How Does GRT Work?

Founded in 2018 by Yaniv Tal, Jannis Pohlmann and Brandon Ramirez, who previously worked together on several startups focused on creating developer tools, The Graph is an indexing protocol for querying networks such as Ethereum and IPFS. Anyone can make data easily accessible by creating and publishing open APIs called aSubgraphs. The Graph has raised a total of $19.5 million in token sales since 2019, including $10 million from its public sale in October 2020. During this time, approximately 21% of the 10 billion GRT initial token supply was sold to investors such as Coinbase Ventures, Digital Currency Group and Multicoin Capital.
If we talk about Graph's project, in its simplest and most basic form; The Graph (GRT) is an Ethereum token that powers The Graph, a decentralized protocol for indexing and querying data from blockchains. Just as Google indexes the web, The Graph indexes blockchain data from networks like Ethereum and Filecoin. This data occurs through Graph Nodes, which constantly scan network blocks and smart contracts for information, the first step in Subgraphs that anyone can query. When an application adds data to the blockchain via smart contracts, Graph Nodes add the data from these new blocks to the appropriate Subgraphs.

Does GRT Have a Future?

We can say that the future of GRT Coin will go in a positive direction. According to Tim Frost, CEO and founder of DeFi-focused fintech startup Yield App, The Graph token plays a valuable role in the DeFi ecosystem that can be a good investment. However, investing in GRT also has some downside risks. It is a relatively new token and it is unclear how much adoption it will gain in the blockchain industry. Moreover, its current price is significantly below its February 2021 all-time highs. And subject to high volatility. Price predictions on the Graph from forecasting agencies indicate longer-term growth. Of course, these predictions may be wrong and you should do your own due diligence and risk management before purchasing any cryptocurrency.