The Graph Foundation announced via a blog post on Tuesday that it has distributed $1.25 million as its Wave 5 Grants Program comes to an end. The team said the funds is designed to continue the evolution of the ecosystem by improving the protocol, supporting dapps building on The Graph, creating new tools and growing the community.
The Graph is an indexing protocol for decentralized applications that allows developers to efficiently access blockchain data. Developers can build subgraphs that define how to ingest, index, and serve blockchain data in a verifiable way.
GRT, the native token of The Graph Network, is up by less than 1% in the last 24 hours and is currently trading at $0.3604