The Graph

GRT is the token of The Graph, a network that sells blockchain data to apps. 10.94B GRT circulate; 645.83M more sit in a Foundation lock.

Sell pressure. The network minted 75.15M GRT in 90 days for indexers and a Foundation fund, and the lock paid out 38.75M.

Buy pressure. Query and curation taxes burned just 59.9K GRT. Nobody buys GRT back.

Net. Net, supply grew about 1.04% in 90 days, and about 1.07% next.

Inflation

Last 90 Days

+1.04%

checked · Oct 29 2026

Net flow: 1.04% 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

Graph Foundation monthly unlock+12.92M GRT
Nov 17 2026 · added to market
Graph Foundation monthly unlock+12.92M GRT
Dec 17 2026 · added to market
Graph Foundation monthly unlock+12.92M GRT
Jan 17 2027 · added to market

Sell pressure

1. Protocol inflation

~75.15M GRT

The Graph creates 120.73 new GRT for every Ethereum block, about 866K a day. Between Jul 31 and Oct 29 2026 it minted 75.15M GRT. Since Sep 1 2026 a fifth of it goes to a Foundation fund for building the network, and indexers who fail the new service checks have their share set aside. The total did not change, and the next 90 days come to about 77.94M.

checked · Oct 29 2026

2. Vesting unlocks

~38.75M GRT

The Graph Foundation's lock pays out 12.92M GRT once a month until Dec 17 2030. It released three payments in these 90 days, on Aug 25, Sep 23 and Oct 26 2026, and each one moved on to other wallets within two days. Three more are due from Nov 17 2026, Dec 17 2026 and Jan 17 2027. The lock still holds 645.83M GRT.

checked · Oct 29 2026

3. Foundation + unscheduled unlocks

Every other Foundation pot already counts as circulating, so spending from it adds nothing new. The building fund holds 2.79M GRT after paying out 6.96M since Sep 1 2026, the set-aside indexer rewards hold 4.32M GRT, and the two Foundation safes that pass on the monthly unlock hold almost nothing between payments. If any balance falls between checks, we count it here next time.

checked · Oct 29 2026

4. Long-term locked or bankruptcy

No bankruptcy estate or court-held GRT waits to be released. Team, investor and Edge & Node vesting all finished by December 2025.

checked · Oct 29 2026

Buy pressure

1. Programmatic buyback

No contract or treasury buys GRT back. A holder asked on the forum on Sep 5 2026 for part of revenue to buy and burn GRT, but no vote has been called.

checked · Oct 29 2026

2. Protocol fee burn

~59.88K GRT

1% of every query payment and a small tax on curation are destroyed. That came to 59,878 GRT in 90 days, about 665 a day, because users paid only around $58K for queries. It cancels less than 0.1% of the new GRT.

checked · Oct 29 2026

3. Foundation buy

The Foundation receives GRT; it does not buy it. No market purchase was found in these 90 days.

checked · Oct 29 2026

4. New long-term lock

About 1.84B GRT is staked by indexers and delegators, down from 2.10B on Jul 31 2026. Staked GRT still counts as circulating, so staking removes nothing from the count.

checked · Oct 29 2026

Read the full Inflation Analysis

GRT: fresh coins with every block, a Foundation payout each month, and a burn too small to matter.

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

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 109 coins we follow · last 12 months · #1 = most talked about

#91 · Oct 29 2026

Today, people are talking about GRT for one reason:

1
GRT slid about 12% in a week, to near $0.0196.
GRT fell from about $0.0224 on Oct 28 2026 to about $0.0196 on Nov 3 2026, a drop of about 12%. On Oct 30 2026 it briefly touched $0.0188. People ask if sellers are getting tired at this level, or if there is more room to fall.

Checked Nov 4 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

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
Today
Late 2026Direct indexer payments

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

Data

Date	What happened / what is coming
Aug 19 2026	Foundation runs network
Aug 25 2026	Rewards tied to service
Aug 26 2026	Council OKs GIP-0089
Sep 1 2026	20% issuance to Fdn
Sep 16 2026	Network outage
Sep 22 2026	Indexer rules tighten
Oct 8 2026	Studio moves to network
Late 2026	Direct indexer payments (coming)

Checked Oct 29 2026

2 · Staked GRT

New

More GRT staked → price upStake leaves → price downnow

Staked on Arbitrum

Staked GRT down about 21% since Sep 30 2025, still falling.

Data

Date	Staked on Arbitrum
Jul 31 2026	2,105 M GRT
Aug 31 2026	1,944 M GRT
Sep 30 2026	1,927 M GRT
Oct 29 2026	1,836 M GRT

Checked Oct 29 2026

The Graph (GRT) supply: questions people ask

Is The Graph (GRT) inflationary or deflationary?

The Graph (GRT) is inflationary right now: its supply changes +1.07% over the next 90 days and +4.30% over the next year (checked Oct 29 2026). More GRT is added than removed.

What is the GRT inflation rate in 2026?

About +4.30% a year: that is how much The Graph (GRT) supply changes over the next 12 months, with +1.07% in the next 90 days (checked Oct 29 2026). That puts GRT #44 of 100 coins we track for new supply (#1 = the most new supply).

When is the next GRT token unlock?

The next The Graph (GRT) unlock we track is on Nov 17 2026: about 12.9M GRT, 0.12% of the GRT in circulation (Graph Foundation monthly unlock). Checked Oct 29 2026.

Does The Graph burn or buy back GRT?

Yes. In our count, about 59.9K GRT is expected to leave the market over the next 90 days through burns, buybacks or locks (checked Oct 29 2026). How it works: Only 59,877 GRT burned from query and curation taxes in 90 days; no buyback.

Where does new GRT supply come from?

In our count, about 117M new GRT reaches the market over the next 90 days (checked Oct 29 2026). How it works: 77.94M new GRT from issuance (120.73 per Ethereum block) + 38.75M from the Foundation lock over the next 90 days.

How much GRT is in circulation?

About 10.9B GRT is in circulation (checked Oct 29 2026). Over the next 90 days that changes +1.07%, and over a year +4.30%.

Does GRT have more new supply than CFX, FLOKI or JTO?

Over the next 90 days (checked Oct 29 2026): GRT +1.07%, CFX +0.44%, FLOKI −0.04%, JTO +2.63%. GRT sits in the middle of these 4 coins.

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: supply and demand. Fewer new coins mean less selling pressure. We also show each coin's age, with a warning when it is younger than 1 year. Demand shows how much people want the coin. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss. 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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