The Graph (GRT): D-Score 27/100 — Centralized Leaning BlockIndex D-Score: 27/100 (Centralized Leaning). The Graph (GRT) is a Layer 2 cryptocurrency using Other consensus. The Graph (GRT): Decentralized indexing protocol powering multi-chain subgraphs, tokenized incentives, and modular data services. Source: https://blockindex.ai/coin/grt · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 27: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 11: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: Other (N/A) - Launch: Other (2017) - Founder: Yaniv Tal; Brandon Ramirez; Jannis Pohlmann; Tegan Kline - VC funded: Yes - Max supply: N/A - Circulating: 10,868,127,157 Market data (as of 2026-06-19) - Price: $0.02 - Market cap: $212.85M - 24h volume: $15.71M - 24h change: +2.44% · 7d change: -1.20% About The Graph (GRT) is a decentralized indexing and query protocol designed to make blockchain data easily accessible to applications via open, composable APIs called subgraphs. Founded from a developer tooling and API background, The Graph began as a hosted indexing service and evolved into a permissionless network in which Indexers, Curators, Delegators and Subgraph Developers participate economically using the GRT token. Its core mission is to remove the operational burden on application teams of running full archival nodes and custom indexing infrastructure by enabling developers to publish subgraphs that map on-chain events into queryable GraphQL APIs. Over time The Graph expanded beyond Ethereum to support multiple chains and rollups, and its roadmap emphasizes modular, high-performance data services—Substreams, Amp (a blockchain-native database), Token API, and the Horizon upgrade—aimed at enabling real-time data streams, pre-indexed datasets and enterprise-grade blockchain-native databases. From a technical perspective, The Graph is not a Layer-1 chain but a specialized data-layer protocol that runs on top of existing smart contract platforms. It uses economic roles—Indexers who run indexing infrastructure, Curators who signal quality subgraphs, and Delegators who stake GRT without running nodes—to allocate responsibilities and rewards. Indexers may run archive nodes themselves or rely on RPC providers such as Infura or Alchemy for historical data access. The protocol supports subgraph composition, Substreams for real-time streaming, and Firehose-like capabilities to provide high-throughput data access. The Horizon upgrade and related roadmap items (including GraphAI/GraphEngine) reflect a shift from pure indexing towards a more modular product platform that includes preprocessed datasets, monetizable data products, and cross-chain interoperability via solutions like Chainlink CCIP and targeted integrations (Arbitrum, Optimism, Polygon, Avalanche, Fantom, Gnosis, Celo, TRON). In terms of use cases and adoption, The Graph powers thousands of subgraphs consumed by DeFi, NFT, and Web3 applications that rely on accurate and up-to-date blockchain-derived datasets. The protocol’s design reduces operational friction for dApp teams, enabling faster development cycles and more reliable data access for front-end applications, analytics platforms, wallets, and monitoring tools. The Graph has tracked enormous query volumes (reported as over 1.27 trillion+ queries served in official excerpts) and supports a large ecosystem of subgraph developers and projects. Its Token API and Amp product lines aim to broaden utility by providing token balances, price histories, and a verifiable, efficient database for enterprise consumers—positioning The Graph as core infrastructure for both consumer-facing dApps and professional analytics. Tokenomics and governance combine an initial token sale and VC backing with ongoing protocol issuance for indexing rewards. GRT is an ERC-20 token (with an Arbitrum variant for some deployment contexts) and issuance for indexing rewards began around a ~3% annual inflation rate subject to governance adjustments; multiple sources report a capped or target max supply in the ~10.8 billion range with circulating supply figures in the ~10.6 billion range depending on source snapshots. Governance is organized via The Graph Foundation, the Graph Council, and GIP-style proposal mechanisms; operational treasury activity is managed via multi-signature wallets and council approvals. The project has raised venture funding and maintains an active roadmap and technical advisory structures. Security posture in the provided materials shows formal audits (OpenZeppelin, ConsenSys Diligence and others) and no major protocol-level hacks documented in the supplied sources, though the protocol inherently inherits systemic risks from the L1/L2 networks it indexes. Links - Website: https://thegraph.com/ - Whitepaper: https://thegraph.com/whitepaper - GitHub: https://github.com/graphprotocol --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore