The Graph

GRT · Data network
Checked
Oct 13 2026
The big picture
3.5 / 10Total score0510
Supply + DemandMax. 10
Hold GRT? We'll warn you first.
Free · 2 coins

Coming next

Oct 17 2026+12.92M GRT added
Nov 17 2026+12.92M GRT added
Dec 17 2026+12.92M GRT added
Metric 1 of 3

GRT · Coin Supply

New GRT every block, a monthly unlock, almost no burn.

2 / 5Growing
Age8.6 yearssince Mar 2018
Unlocked94.2%of total supply
Last 90 days+1.02%new supply
Next 90 days+1.07%estimate

GRT pays the indexers who serve The Graph's data: 10.94B coins circulate and about 94% of all GRT is unlocked. One Foundation lock still opens every month.

Sell pressure. New coins came from two places: 72.60M GRT minted for indexers and a Foundation fund, and 38.75M GRT from the Foundation's monthly unlock. About the same arrives next.

Buy pressure. Only small fee taxes are destroyed: 63,251 GRT in 90 days, under 0.1% of the new coins.

Net. Net, supply grows about 1.02% in 90 days and 1.07% in the next 90.

Inflation
Last 90 Days
+1.02%
checked · Oct 9 2026
Net flow: 1.02% of supply goes to market over 90 days
Next 90 Days
+1.07%
estimate
Net flow: 1.07% of supply goes to market next 90 days
Supply growing · projected to keep growing
Upcoming · Next 90 Days
  • Foundation monthly unlock+12.92M GRT
    Oct 17 2026 · Slice 70 of 120, Foundation lock
  • Foundation monthly unlock+12.92M GRT
    Nov 17 2026 · Slice 71 of 120, Foundation lock
  • Foundation monthly unlock+12.92M GRT
    Dec 17 2026 · Slice 72 of 120, Foundation lock
Sell pressure
1. Protocol inflation
~72.60M GRT

The Graph mints 120.73 new GRT for every Ethereum block, about 317M a year. Since Sep 1 2026, 80% goes to indexers as rewards and 20% (24.146 per block) to a Foundation-run Innovation Allocation; rewards an indexer fails to earn go to a reclaim contract. Counted mint by mint, 72.60M new GRT appeared in these 90 days. The full rate is about 77.93M per 90 days, so that is the figure for the next 90.

checked · Oct 9 2026
2. Vesting unlocks
~38.75M GRT

The Graph Foundation's 1.55B GRT sits in a lock that frees 12.92M GRT on the 17th of every month until Dec 2030. The Foundation took out three slices this window (Jul 24, Aug 25 and Sep 23 2026), and the lock fell from 697.50M to 658.75M. Three more vest in the next 90 days: Oct 17, Nov 17 and Dec 17 2026. No other group still has locked GRT.

checked · Oct 9 2026
3. Foundation + unscheduled unlocks
0

Tracked team piles: the Foundation lock (658.75M GRT, released on the schedule above), the Innovation Allocation contract (2.79M GRT waiting, 3.65M already paid out), the reclaim contract (2.87M GRT, nothing paid out) and the Foundation safe that receives each monthly slice (150K GRT). The two contracts hold freshly minted coins, already counted above, so spending them adds nothing new. No public evidence of any other release in the window.

checked · Oct 9 2026
4. Long-term locked or bankruptcy
0

No estate, trustee or court payout holds GRT. The 2020 team, backer and Edge & Node schedules have all ended; only the Foundation lock remains.

checked · Oct 9 2026
Buy pressure
1. Programmatic buyback
0

No contract or treasury buys GRT back. A holder posted on the forum on Sep 5 2026 asking for revenue-funded burns, but nothing has been put to a vote.

checked · Oct 9 2026
2. Protocol fee burn
~63.25K GRT

A 1% tax on query fees and a tax on curation are destroyed on Arbitrum: 41,835 GRT and 21,156 GRT in these 90 days, plus 259 GRT sent to dead addresses. That is under 0.1% of the new GRT minted in the same days. The forward figure keeps the 90-day rate.

checked · Oct 9 2026
3. Foundation buy
0

The Foundation receives and spends GRT; no announcement or on-chain flow this window shows it, or any project treasury, buying GRT.

checked · Oct 9 2026
4. New long-term lock
0

About 1.94B GRT is staked by indexers and delegators, down 139M over the window. Staked GRT still counts as circulating, so staking takes nothing out of the float.

checked · Oct 9 2026
Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M GRT)
111.353
116.679
Buy total (M GRT)
0.063
0.063
Sell % of circ
+1.018%
+1.066%
Buy % of circ
+0.001%
+0.001%
Net inflation %
+1.017%
+1.066%
Circulating supply: 10941.320M GRT
Read the full Inflation Analysis
GRT: new coins every block, a monthly Foundation unlock, and almost no burn.
Long-form mechanism walk. ~5 min.
Metric 2 of 3

GRT · Coin Demand

Two sides: how much people want GRT right now, and how much buying could come later.

1.5 / 5Very weak

Current demand0.5 / 2.5

This part is based on social media. It shows how hot GRT is right now. A better rank means more people are talking about it.

GRT on social mediaIts rank among the 110 coins we follow · last 12 months · #1 = most talked about
#86 · Oct 9 2026

Today, people are talking about GRT for two reasons:

  1. 1
    The Graph started moving app traffic onto its paid network.

    On Oct 8 2026 The Graph began moving query traffic from Subgraph Studio onto The Graph Network, starting with BNB Smart Chain and Polygon, with more chains to follow. This means more apps pay Indexers on the network for data. People ask if more paid queries will turn into real demand for GRT.

  2. 2
    GRT gave back about 10% this week after a big month.

    On Oct 12 2026 GRT traded near $0.027, down about 10% in 7 days but still up about 49% in 30 days. People ask if this is a normal rest after a fast run or the start of a bigger drop.

Checked Oct 12 2026

Metric 3 of 3

GRT · Price DriversBeta

The few things that can move GRT's price that supply and demand miss.

1 · Foundation takeover

New
Changes bring more usage → price upFoundation sells GRT → price down
  1. Aug 19 2026Foundation runs network
  2. Aug 25 2026Rewards tied to service
  3. Aug 26 2026Council OKs GIP-0089
  4. Sep 1 202620% issuance to Fdn
  5. Sep 16 2026Network outage
  6. Sep 22 2026Indexer rules tighten
  7. Oct 8 2026Studio moves to network
  8. Today
    Late 2026Direct indexer payments

The Foundation now runs the network and gets 20% of issuance.

Data
DateWhat happened / what is coming
Aug 19 2026Foundation runs network
Aug 25 2026Rewards tied to service
Aug 26 2026Council OKs GIP-0089
Sep 1 202620% issuance to Fdn
Sep 16 2026Network outage
Sep 22 2026Indexer rules tighten
Oct 8 2026Studio moves to network
Late 2026Direct indexer payments (coming)
Checked Oct 10 2026

2 · Staked GRT

Watch
More GRT staked → price upStake leaves → price downnow
Staked on Arbitrum
1.8K2K2.2K2.4K2.6K2026Service rules1.94KM GRT
1.8K2K2.2K2.4K2.6K2026Service rules1.94KM GRT

Staked GRT fell about 17% since Sep 30 2025.

Data
DateStaked on Arbitrum
Jul 31 20262,105 M GRT
Aug 31 20261,944 M GRT
Sep 30 20261,927 M GRT
Oct 10 20261,942 M GRT
Checked Oct 10 2026

Should you buy GRT? Questions about GRT

Should I buy The Graph now, or wait?

Based on the law of supply and demand, the long-run signal for The Graph is negative. As of Oct 13 2026, score 3.5/10, The Graph faces +1.07% new supply over 90 days, with demand very weak (1.5/5). The Graph's price drivers: 0 ▲ price up, 1 ▼ price down.

Is The Graph dead now that its Foundation took over?

No. The Graph still runs and is worth about $0.292B on Oct 10 2026. Its Foundation now runs the network and gets 20% of issuance, with direct indexer payments planned for late 2026. That looks like a shake-up, not a shutdown. Our supply-and-demand read for The Graph stays negative.

Why is GRT dropping while the network keeps running?

New supply and fewer stakers, mostly. GRT adds +1.07% in 90 days (+4.30% over a year), and staked GRT fell about 17% since Sep 30 2025. With demand very weak (1.5/5), there are probably not enough buyers to absorb the new coins. For The Graph, the supply-and-demand signal is negative right now.

Is $1 possible for The Graph?

It would take 37 times today's value: $1 × The Graph's coins in the market = about $10.9B, against $292M now (Oct 13 2026). The Graph's supply also grows +4.30% in the next year, so every extra coin needs buyers too. Our supply-and-demand read for The Graph stays negative.

Is it time to take profit on The Graph?

Today the signal is negative. Supply and demand would point the other way for The Graph if new supply keeps arriving (+1.07% in 90 days), or demand falls from very weak, or Staked GRT keeps pointing down. Next date to watch for The Graph: Late 2026 — Direct indexer payments.

Is The Graph a good investment right now?

On our framework The Graph scores 3.5/10 (Oct 13 2026), with supply 2/5 (growing) and demand 1.5/5. In the next year The Graph's supply changes +4.30%, so the long-run signal reads negative.

What is the best time to invest in The Graph?

The law of supply and demand points to one window for The Graph: low new supply, high demand, drivers pointing up. Where The Graph stands today: +1.07% new supply in 90 days (growing), demand very weak (1.5/5), drivers 0 ▲ / 1 ▼.

Will The Graph go up? What could move its price?

The Graph has 2 price drivers today (0 ▲ price up, 1 ▼ price down). • Foundation takeover: The Foundation now runs the network and gets 20% of issuance. ▼ Staked GRT: Staked GRT fell about 17% since Sep 30 2025.

Should I buy The Graph or Bitcoin?

The Graph reads negative at 3.5/10; Bitcoin reads positive at 8.5/10 (Oct 13 2026). On supply and demand, The Graph looks weaker than Bitcoin today.

Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →

How does MrNasdog judge every coin, and why is +1.07% shown in red?

We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. GRT supply grows +1.07% in the next 90 days, so it shows in red: more GRT reaches the market than is removed. Zero or falling supply is always green, any growth is red.

What do Watch GRT alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

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