DO2478

Blockchain and DeFi enthusiast

[DO2478 @DO2478]

$GRT subgraphs can be defined as:

"Public & Open APIs that allow developers to easily search, find, publish & use the public data they need to build dapps, without needing to rely on centralized servers & proprietary infrastructure"

[DO2478 @DO2478]

Why I believe @graphprotocol $GRT is one of the most important protocols in the blockchain ecosystem.

Let’s start with some basic definitions:

[DO2478 @DO2478]

The Graph Protocol is seeing exponential adoption, with query volume growing from 1B in June '20 to 10B in Nov '20.

Their subgraphs (which define the specific blockchain data to index & how to store it) have grown from 1000 in Jan '20 to 3400 in Nov '20.

https://t.co/aEPwgWu0hC

[DO2478 @DO2478]

@ChungusCapital Yep, I'm also generally not a fan of huge VC allocations. VC tokens should be locked for the next 6 months, so it will be interesting to see what they do with their $GRT once unlocked.

Ideally, they'll use their $GRT for indexing/curating/delegating, rather than market dumping

[DO2478 @DO2478]

@GreenMindMan You have to register & KYC to become a Curator or Indexer, but registration is currently closed. You can still delegate your $GRT to Indexers via the beta app (although the team recommends waiting until the network is bootstrapped with enough indexers):
https://t.co/38iljTSLk5

[DO2478 @DO2478]

@CryptoMalta121 @graphprotocol Good question. $GRT just launched their mainnet a few days ago, so I hope this data is shared by going forward.