You choose which indexer to delegate tokens to, and some will be more profitable than others.
You can also put your GRT to work, delegating it to indexers in order to earn a cut of the profits they make from sorting data. GRT was one of the fastest risers in 2021, and those who got in at the right time were not disappointed with the results. If your goal is to speculate on the price of GRT, you can buy and hold the tokens from brokerages like Wealthsimple, or on decentralized and centralized exchanges. What you do with GRT tokens depends on your motivations and your position within the network. Although GRT is a fungible Ethereum-based token, The Graph sorts data on many more blockchains, including Polkadot, NEAR, Solana and Celo. All this work is in service of earning GRT, paid by those who want the data curated. Some actors index the data, some ‘invest’ in indexers to fund their data-driven expeditions, and others propose new data to sort into subgraphs. Network operators in The Graph can play multiple roles. The thing that distinguishes these “decentralized” APIs from regular APIs is that these searches aren’t provided by the protocol itself but by a decentralized network of computers, whom the network incentivizes to do good work by dangling Ethereum-based cryptocurrency tokens, known as GRT, before them. These decentralized APIs are called ‘subgraphs’, and decentralized applications can interface with them through The Graph’s proprietary language, GraphQL. The protocol functions like a decentralized API, and has already proven invaluable for decentralized finance protocols like SushiSwap or Curve. The Graph standardizes the process, making it easier to perform advanced searches or determine relationships in large amounts of data. Because all blockchains are different and methods for indexing data diverge, blockchain data is a pain to navigate for data scientists.
The Graph, or GRT, is a cryptocurrency that powers a protocol designed for indexing blockchain data.
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