The Graph
GRTLive since December 2020, about 5 years. Machine-drafted, not yet checked by a person.
The Graph provides infrastructure that collects, processes, and delivers blockchain data across more than 60 networks. Of the 25 things it promised, it delivered 2, 7 are past due and not yet checked, 16 are still open (2 with no date); the next dated step is Q3 2026. It trades at $0.0178, #173 of all coins by size, 99% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. Delivered 2 of 25, 7 past due, not yet checked. Next step in 15 days. Biggest of 5 data indexing coins. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: AI services
- ✓Real backingBacking: backed by Coinbase Ventures; in the Coinbase 50 Index; trades on Coinbase, Crypto.com, Kraken
- ✓Something aheadAhead: next dated step Q3 2026; 2 of 25 promises delivered
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Backed by Coinbase Ventures and 1 more
- Origin1 December 2020about about 5 yearsTagged Made in USA on CoinGeckothegraph.com, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingCoinbase Ventures, Multicoin CapitalInvestor tags from CoinGeckoIndex: Coinbase 50 IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
- Standing on the record2 of 251 confirmed by outside news, 7 past due, not yet checked7 headlines last month230,152 people keep it on a CoinGecko watchlistNo corrections needed so far
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
2 of 25
promises delivered, by the project's own pages
1 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
delivered open past due, not yet checked today. Click a point to open that promise.
- Past dueQ1 2026A version of the Subgraph service built on the new Horizon system will go live on the main network.168 days overdue, not yet checkedProof No article or release reports it shipping. Checked 11 September 2026.
- Past dueQ1 2026The software that runs indexing nodes will support more blockchain execution clients, Reth and Besu, to cover more chains.168 days overdue, not yet checkedProof No article or release reports it shipping. Checked 11 September 2026.
- Past dueQ1 2026The Token API will reach production-level speed across 10 blockchain networks and keep adding more networks.168 days overdue, not yet checkedProof No article or release reports it shipping. Checked 11 September 2026.
- Past dueQ1 2026A first private test version of the Tycho liquidity-data service will be built.168 days overdue, not yet checkedProof No article or release reports it shipping. Checked 11 September 2026.
- Past dueQ2 2026A first working version of Substreams as a paid data service will launch, using GraphTally payments and a peer-to-peer delivery system built on Horizon.77 days overdue, not yet checkedProof This may report it shipping, not yet checked by a person: The Graph Sets Its Sights on Data Services With 2026 Technical Roadmap CCN.com, 11 June 2026
- Past dueQ2 2026A public test version of Tycho will be released.77 days overdue, not yet checkedProof No article or release reports it shipping. Checked 11 September 2026.
- Past dueQ2 2026A test-network version of liquid staking for GRT will be released.77 days overdue, not yet checkedProof No article or release reports it shipping. Checked 11 September 2026.
- OpenQ3 2026Direct Indexer Payments will become available for the Subgraphs service.15 days away
- OpenQ3 2026A new process for adding blockchain networks to Subgraphs, starting with the network itself, will be introduced.15 days away
- OpenQ3 2026The project will research an experimental service for direct blockchain read/write access through JSON-RPC.15 days away
- OpenQ3 2026Substreams will launch as a paid data service on the main network, along with a system for selecting which providers serve requests.15 days away
- OpenQ3 2026The Token API will add real-time token pricing along with more decentralized exchanges and blockchain networks.15 days away
- OpenQ3 2026Liquid staking for GRT will launch on the main network.15 days away
- OpenQ4 2026Liquid staking for GRT will launch in partnership with Morpho.107 days away
- OpenQ4 2026Subgraphs will use the new Amp system to extract and transform data.107 days away
- OpenQ4 2026Substreams will get a system that probabilistically checks whether data is accurate and the service is available.107 days away
- OpenQ4 2026The Rewards Eligibility Oracle will launch for Substreams, first on a test network and then on the main network.107 days away
- OpenQ4 2026Development will continue on Amp's SQL-based data platform.107 days away
- OpenQ4 2026Amp will release verifiable raw blockchain data.107 days away
- OpenQ4 2026Amp will launch as a data service built on Horizon, first on a test network and then on the main network.107 days away
- OpenQ4 2026Direct Indexer Payments will become available for the Amp service.107 days away
- Openno dateThe GRT token will become available on the Solana blockchain through a bridge during 2026.
- Openno dateThe Graph Foundation plans to launch its first AI agent product, giving AI agents encrypted, user-owned memory that works across different AI models.
- DeliveredQ1 2026A new standard called the Rewards Eligibility Oracle will link indexing rewards to work actually performed.delivered 25 August 2026Confirmed by blockchain.news, 26 August 2026Proof The Graph (GRT) Activates Rewards Eligibility Oracle blockchain.news, 26 August 2026
Details
“Rewards Eligibility Oracle proof-of-work standard”
source · snapshot · captured 2026-09-12
The project's own mandate post describes the Rewards Eligibility Oracle already affecting which Indexers and Delegators earn rewards. Delivered after the Q1 2026 target window. Substreams REO is a separate, later commitment (Q4 2026). source · snapshot · captured 2026-09-12
- DeliveredQ2 2026Subgraphs will get a gateway that supports the x402 payment standard along with the AI tools MCP and A2A.delivered 1 July 2026Only the project's own word so farProof Only its own page says so; no article found.
Details
“x402-compliant Subgraph gateway with MCP and A2A support enabled”
source · snapshot · captured 2026-09-12
The project's blog states MCP servers for Subgraphs were live by June 10, 2026 ('now offers MCP servers for Subgraphs') and x402 payment support for Subgraphs was live by July 1, 2026 ('Subgraphs now accept x402 too'). A2A support is not confirmed in the captured pages. source · snapshot · captured 2026-09-12
What is next, and when?
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15 days
until Q3 2026: Direct Indexer Payments will become available for the Subgraphs service.
Everything still to come, soonest first
- Q3 2026Direct Indexer Payments will become available for the Subgraphs service.15 days
- Q3 2026A new process for adding blockchain networks to Subgraphs, starting with the network…15 days
- Q3 2026The project will research an experimental service for direct blockchain read/write…15 days
- Q3 2026Substreams will launch as a paid data service on the main network, along with a system…15 days
- Q3 2026The Token API will add real-time token pricing along with more decentralized exchanges…15 days
- Q3 2026Liquid staking for GRT will launch on the main network.15 days
- Q4 2026Liquid staking for GRT will launch in partnership with Morpho.107 days
- Q4 2026Subgraphs will use the new Amp system to extract and transform data.107 days
Recorded 17 February 2026. Date moved 0 times. The ring is how much of the time between the promise and its date has passed.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Ai services
19 coins we checked say they are for AI services, worth $5.72B together. #7 of 19 by worth.
Data indexing: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
The Graph$195.28Mthis coin−4.5%no max2 of 25 delivered
SQD$40.15M4.9× smaller, −$155.13M−3.5%, gap +1.197% outno record
Space and Time$37.88M5.2× smaller, −$157.41M−2.9%, gap +1.693% outno record
Pocket Network$19.93M9.8× smaller, −$175.35M−3.8%, gap +0.8no maxno record
KYVE Network$2.04M95.8× smaller, −$193.24M+7.3%, gap +11.8no maxno record
Data indexing: this coin next to SQD, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- The Graph says
- The Graph provides infrastructure that collects, processes, and delivers blockchain data across more than 60 networks.
- SQD says
- Subsquid Network is an innovative decentralized data lake and query engine designed to offer developers performant and permissionless access to data.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
The Graph provides infrastructure that collects, processes, and delivers blockchain data across more than 60 networks.
Its listing puts it this way: The Graph is an indexing protocol and global API for organizing blockchain data and making it easily accessible with GraphQL. Developers can use Graph Explorer to search, find, and publish all the public data they need to build decentralized applications.
Problem it says it solves: AI services. 37 coins we have checked say the same; together they are worth $24,708,545,527.
Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $2.84 on 11 February 2021. Today is 1% of that.
94%
of all GRT that will ever exist is already out in public hands: 10.94B coins.
6% (671.67M coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 10.94Bin circulation of 11.61B total. No hard maximum is set, so more can be created.
- 1.1×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $2.84 on 11 February 2021. That is −99.4% from the top.
- #173by market cap, $195,281,755.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
7 headlines named this coin in the last month.
What they were about
- AI1
- Price1
- Treasury1
- 'Software is doing the buying now,' say five AI crypto builders
- The Graph crypto surges 15% – Why GRT’s rally could face a reversal
- Best Altcoins Under $1 in 2026: Top Crypto Picks for High Growth in September
- The 10 Best Cryptos Under $5 to Buy Right Now
- The Graph Foundation Expands Mandate to Take Direct Role in Protocol Development
- Top 10 Web3 Crypto Coins to Watch in August 2026
- The onchain agent infrastructure stack: Building rails for autonomous web3
7 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
The Graph provides infrastructure that collects, processes, and delivers blockchain data across more than 60 networks.
“The Graph is a suite of blockchain data infrastructure products that extract, process, and deliver scalable blockchain data solutions across 60+ networks.”source · snapshot · captured 2026-09-12
Live since December 2020, about 5 years.
2 of 25 promises delivered. 7 past due with no delivery recorded, not yet checked by a person. 16 open.
Others in ai networks: Internet Computer 20 of 23, Nockchain 20 of 30, Akash Network 10 of 20, Artificial Superintelligence Alliance 7 of 43, and 13 more.No public code repository is listed in this record.
The project's docs page last changed on 11 September 2026.
Next deadline: Q3 2026 (by 30 September 2026), in 15 days.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.