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The GraphGRT

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The Graph Tokenomics Overview

Full The Graph tokenomics breakdown: GRT token allocation, vesting schedule, supply distribution, unlock dates, and investor terms.

Produced by Tokenomics.com in collaboration with BlackTokenomics.
TGE DateDecember 17, 2020
Max Total Supply10,000,000,000
Total Supply11,612,995,353
Transparency
LOWHIGH
GRT Allocation Distribution
Shows how the tokens are split across all allocation pools.
Pool Name
Allocation %
Release Progress
Locked $
Next Unlock
Early Team & Advisors
23.00%
100.0%
$0.0Finished
Graph Foundation
20.00%Undisclosed$52.3MUndisclosed
Early Backers
17.00%
100.0%
$0.0Finished
Backers
17.00%
100.0%
$0.0Finished
Edge & Node
8.00%
100.0%
$0.0Finished
Public GRT Sale
4.00%
100.0%
$0.0Finished
Curator Program Grants
3.00%
100.0%
$0.0Finished
Testnet Indexer Rewards
3.00%
100.0%
$0.0Finished
GRT Vesting Release Schedule
Full token vesting release schedule over time, broken down by allocation pool. Undisclosed allocations are shown as a faint max-immediate-unlock overlay.

Investor Rounds & Terms

Comprehensive breakdown of all investment rounds, pricing terms, and vesting schedules

Round
Allocation
Entry Price
Entry FDV
Raised
Vesting Terms
Strategic GRT Sale
2.00%$0.026$260.0M$5.2M12 Month Cliff
Public GRT Sale
4.00%$0.030$300.0M$12.0M100.0% at TGE
Early Backers
17.00%$0.0015$14.7M$2.5M6 Month Cliff, Nonlinear Vesting Every 6 Months x2
Backers
17.00%$0.0029$29.4M$5.0M12 Month Cliff, 12 Month Nonlinear Vesting

GRT Tokenomics FAQ

Key questions and answers about The Graph tokenomics. Last updated 06/18/26, 8:04 AM

What is the utility of the GRT token?

The Graph has 5 primary token utilities:

  • Network Security: Indexers must self-stake a minimum of 100,000 GRT to operate, and staked tokens are subject to slashing (2.5% of self-stake, 50% of epoch rewards) if they serve incorrect data or behave maliciously.
  • Staking Rewards: Indexers and Delegators earn indexing rewards from 3% annual protocol inflation and query fee rebates distributed proportional to their allocated stake. Delegators typically earn 9-12% annually.
  • Staking Access: Indexers must self-stake a minimum of 100,000 GRT to provide indexing services. Curators must stake GRT by signaling on Subgraphs to earn curation shares. Delegators must delegate GRT to access their share of rewards.
  • Service Payments: Consumers must pay query fees in GRT when querying Subgraphs on the network. The billing system operates on Arbitrum One, with invoices processed at end of each month requiring a sufficient GRT balance.
  • Other: Governance uses a 6-of-10 Council multisig with Snapshot community voting where staked GRT receives ~14.18 votes per token, delegated GRT ~4.73 votes, and wallet-held GRT 1 vote, each group allocated 33.33% of total voting power.

What is the token allocation for GRT?

The Graph token distribution allocates 10,000,000,000 GRT across 5 primary stakeholder groups:

  • Private Investors: 34.00% (Early Backers 17.00%, Backers 17.00%)
  • Insiders: 31.00% (Early Team & Advisors 23.00%, Edge & Node 8.00%)
  • Foundation: 20.00% (Graph Foundation 20.00%)
  • Community: 9.00% (Curator Program Grants 3.00%, Testnet Indexer Rewards 3.00%, Educational Programs 2.20%)
  • Public Investors: 6.00% (Public GRT Sale 4.00%, Strategic GRT Sale 2.00%)

What is the vesting schedule for GRT?

GRT uses variable cliffs and vesting schedules that change depending on the allocation:

  • Early Team & Advisors: 6 Month Cliff, 48 Month Linear Vesting
  • Graph Foundation: 23.0% at TGE , 120 Month Linear Vesting
  • Early Backers: 6 Month Cliff, Nonlinear Vesting Every 6 Months x2
  • Backers: 12 Month Cliff, 12 Month Nonlinear Vesting
  • Edge & Node: 12.5% at TGE , 60 Month Linear Vesting
  • Public GRT Sale: 100.0% at TGE
  • Curator Program Grants: 10.0% at TGE , 3 Month Cliff, Linear Vesting Every 3 Months x16
  • Testnet Indexer Rewards: 12 Month Cliff, 12 Month Linear Vesting
  • Educational Programs: 100.0% at TGE
  • Strategic GRT Sale: 12 Month Cliff
  • Bug Bounties: N/A

How many GRT tokens unlock at TGE?

12.1% of the total supply (1,210,000,000 GRT) is unlocked at TGE, with the tokens split between Community and Insiders.

What is the total supply and circulating supply of GRT?

The Graph has a total supply of 10,000,000,000 GRT, of which 10,941,320,353 GRT (109.4% of total) is currently circulating.

What is the token emission schedule for GRT?

Total length of the full The Graph emission schedule is 11 years, with 34.62% released in Year 1, while the remaining 64.59% is released over the following 10 years.

What are the investor terms for GRT private and seed rounds?

The Graph has 4 investor rounds, with the following investment price and vesting:

  • Strategic GRT Sale: priced at $0.026, with 12 Month Cliff
  • Public GRT Sale: priced at $0.03, with 100.00% at TGE, 100.0% at TGE
  • Backers: priced at $0.00294, with 6 Month Cliff, Nonlinear Vesting Every 6 Months x2
  • Early Backers: priced at $0.00147, with 6 Month Cliff, Nonlinear Vesting Every 6 Months x2

What percentage of GRT is allocated to the community?

9% of the The Graph supply is allocated to community focused pools such as Curator Program Grants, Testnet Indexer Rewards, Educational Programs, and Bug Bounties.

What is The Graph (GRT)?

The Graph GRT tokenomics drives the world's leading decentralized indexing protocol for blockchain data queries. The network utilizes GRT tokens for staking by indexers who maintain query infrastructure, curators who signal valuable data sources, and delegators who secure the network through token delegation. Token holders earn query fees and indexing rewards while participating in protocol governance. The Graph processes millions of daily queries for major DeFi protocols like Uniswap and Aave, creating sustainable token demand through network usage fees and staking incentives.

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