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

Let’s start with some basic definitions:

Web1: “read-only”. Users can only search & read info on centralized services

Web2: “read-write”. Users can interact with content & other users on centralized services e.g. Twitter

Web3: “read-write-execute”. Users/systems can interact with each other via DECENTRALIZED networks

The Graph Protocol has been called the “Google of Web3” because they are poised to become the main DECENTRALIZED indexing protocol for organizing blockchain data.

@graphprotocol enables users (and dapps) to easily access refined blockchain data 24/7 - without any data outages.

As seen in the image above, the Web3 middleware stack mainly consists of @graphprotocol & @chainlink (and they are fully integrated with each other). https://thegraph.com/blog/the-graph-chainlink-oracles

Just like $LINK, $GRT is also one of the most important players in DeFi, powering many of the best projects like Uniswap, Synthetix, Aave, and Compound:

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://thegraph.com/blog/flight-path-to-mainnet

Finally, $GRT has great token economics, incentivizing every participant in their network (Indexers, Curators, and Delegators) to drive further growth and adoption.

I personally intend to contribute to the project as a Curator and Delegator. https://thegraph.com/blog/the-graph-grt-token-economics