Deep Dive
1. AI & Data Infrastructure Upgrades (Bullish Impact)
Overview: The Graph’s 2025 launches—Hypergraph, Substreams for Solana, and AI Beta tools—aim to position it as the backbone for AI agents needing real-time blockchain data. The Machine Learning Coordination Protocol (MCP) allows AI models to query onchain data via natural language, reducing developer friction.
What this means: Increased utility for GRT as AI projects rely on its data layer. Query volume (11.8B in 6 months) and fees ($6.76M on Arbitrum in July 2025) suggest rising demand, which could tighten token supply if staking grows.
2. Cross-Chain Liquidity via CCIP (Mixed Impact)
Overview: The Graph’s integration with Chainlink’s CCIP enables GRT transfers across Solana, Arbitrum, and Base. This allows cross-chain staking and fee payments, broadening GRT’s use cases.
What this means: While this boosts accessibility, it also exposes GRT to risks like bridge exploits. Success depends on adoption by Solana developers—a chain with 318M users and $23B TVL as of July 2025 (TRONSCAN).
3. Regulatory Clarity for DePIN (Bullish Impact)
Overview: SEC Commissioner Hester Peirce’s endorsement of DePIN tokens as non-securities (Sept 2025) reduces regulatory uncertainty. The Graph’s role in decentralized data indexing aligns with this narrative.
What this means: Institutional interest in compliant DePIN projects could drive GRT demand. However, global regulatory shifts (e.g., EU’s MiCA) remain a wildcard.
Conclusion
GRT’s mid-term outlook leans bullish, driven by AI/data tailwinds and cross-chain utility, but hinges on executing technical roadmaps and navigating crypto’s macro risks. Watch Q4 2025 metrics: query fee growth and GRT staking rates post-CCIP rollout. Will AI agents become GRT’s killer app?