I was lucky enough to get in on The Graph courtesy of Coinbase Earn when The Graph was $0.18 a coin. When I first went through the Earn quizzes I was rather interested by the idea/problem that The Graph wanted to fix. DeFi and crypto in general is experiencing immense growth and with that new issues arise. The issues that The Graph wants to solve is allowing easy access to new data via indexing querying networks like Ethereum and IPFS (InterPlanetary Filing System).
The protocols growth has been supercharged by the DeFi sector in particular. The biggest names in DeFi use The Graph to index and handle the data coming in to their projects. Projects that use The Graph include Uniswap and Aave among others. The Graph Foundation locked in their core development team buy signing the teams company to a two year contract to continue to build up and out the network.
With Ethereum's sky-high network fees right now other blockchains are becoming more and more popular to use. To adapt with this change the team has added support for several new layer-1 protocols! The blockchains that they have added support to include Polkadot, Solana, NEAR, and CELO! These are blockchains that have really been taking off in particular with Polkadot and CELO! By adding in support for these The Graph continues to not only help solve the issue they set out to with data indexing but also solidifies itself as an important building block. This will continue to fuel growth and more and more applications using it! All of these future uses will allow for the token value to increase and could help lead to the token being worth more and the $2.10 it is worth right now.
As the protocol is adapted by those who use these blockchain applications it will be amazing to see just how successful this protocol can be! The ecosystem that they are developing and the need for this type of data organization will allow for much more growth going forward. It will be amazing to see all of this come to together and The Graph to really take its place as the Web3 Google!
