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.
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.
Attention. There is a risk that unverified members are not actually members of the team
The project is focused on Ethereum blockchain only that we consider to be risky. There is a lack of strong business logic in describing the value proposition.
The development process is open and available for tracking on Github. Demo is available on the website – a user has to enter the data needed to extract, and the result is a code representing the data. Roadmap is unclear and only indicates the main streams of work. The detailed whitepaper is projected to be released soon before the tokensale. We guess that such an infrastructure may be useless as blockchains’ teams are able to develop their own protocols overcoming this obstacle if it is crucial.
Token functions are not available yet, but currently we do not see how it may be applied good here. Regarding monetization, the team is looking at supporting paying per query as well as subscription models (similar to SLAs) but the precise token mechanics will be released as part of the coming white paper. Financial will be announced soon. As the idea is not likely to have a significant impact on the industry, we expect to see a valuation not exceeding 5M USD.
The team includes 8 core members and 4 advisors. Project Lead has 8-years’ experience in software engineering having been a CEO in a few software startups. Co-founders Jannis Pohlmann (14 years in software engineering), Brandon Ramirez (10 years in software engineering, worked in Cisco and Microsoft), previously worked together on several startups with the Project Lead. Also, the team includes 3 other software engineers with significant relevant experience. The team has a lack of marketing, business and blockchain specialist.
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