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The Graph and the Uncomfortable Patience of Infrastructure Tokens There is a particular kind of cryptocurrency that the market has never quite known how to value, and The Graph is one of its purest specimens.
It does not promise to replace the dollar. It does not pretend to be digital gold.
It indexes blockchain data and serves it back to developers through tidy little APIs called subgraphs, and the GRT token sits at the centre of that arrangement as the incentive lubricant that keeps indexers honest and queries flowing.
By any reasonable measure, the network works. More than 1.2 trillion queries have been served. Tens of thousands of projects rely on it.
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