Hassan Maishera
The Graph Protocol announced via X on Friday that Kyle Rojas has become the newest member of The Graph Council. Kyle brings a rare combination of institutional finance experience and deep web3 expertise: From VP at Goldman Sachs, to Director of Global Business at Edge & Node, to Global Business Lead at Avail, to Institutional Lead for the Americas at the Ethereum Foundation.
The Graph is an indexing protocol for decentralized applications that allows developers to access blockchain data efficiently. Developers can build subgraphs that define how to ingest, index, and serve blockchain data in a verifiable way.
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
GRT, the native token of The Graph Network, is down 1.1% in the last 24 hours and is currently trading at $0.02347.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.
