Is this crypto halal? Shariah screening report
The Graph
GRT
- Price
- $0.016436
- Market cap
- $179.83M
- Circulating supply
- 10,941,320,353.044
- 24h change
- -0.33%
Report generated 8/27/2026, 6:34:28 PM · stored corpus assessment · confidence 88%
Crypto Halal Report Criteria
We use a disciplined framework to determine if a digital asset is Comfortable from a sharia perspective, based on three core pillars.
Purpose & Real-World Value Clear
The Graph (GRT) is a decentralized protocol designed to index and query blockchain data, primarily from networks like Ethereum. It serves as an essential infrastructure layer that allows developers to efficiently access and retrieve blockchain data through GraphQL queries. The GRT token is used to coordinate the network's economic activities, including rewarding indexers who process queries and cu
Honesty & Founder Intent Clear
The initial token distribution allocated 30% to early investors and team members, with vesting periods ranging from 6 months to 4 years. The remaining tokens were distributed through public sale, ecosystem funding, and network rewards. While the initial team allocation was significant, vesting schedules help align long-term incentives.
Dealing with Risk & Speculation Clear
Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.
Crypto Overview
Purpose and Utility
The Graph (GRT) is a decentralized protocol designed to index and query blockchain data, primarily from networks like Ethereum. It serves as an essential infrastructure layer that allows developers to efficiently access and retrieve blockchain data through GraphQL queries. The GRT token is used to coordinate the network's economic activities, including rewarding indexers who process queries and curators who signal valuable subgraphs.
Current Usage
The Graph has achieved significant adoption within the blockchain ecosystem. Major protocols including Uniswap, Decentraland, and Aave use The Graph's indexing services. As of 2024, the protocol processes billions of queries monthly across thousands of subgraphs.
Business Model
The business model revolves around providing a crucial service to the blockchain ecosystem. Indexers stake GRT tokens to operate nodes and earn query fees and indexing rewards. Curators stake GRT to signal useful subgraphs, earning a portion of query fees. Delegators can stake GRT with indexers to earn a share of rewards. This model aligns with Islamic principles as it involves real value creation and exchange of services.
Development Activity
The project maintains strong development activity with regular updates to its core protocol. The Graph Foundation actively supports ecosystem growth through grants and developer resources. The project has a robust governance system where token holders can participate in protocol decisions.
Token Distribution
The initial token distribution allocated 30% to early investors and team members, with vesting periods ranging from 6 months to 4 years. The remaining tokens were distributed through public sale, ecosystem funding, and network rewards. While the initial team allocation was significant, vesting schedules help align long-term incentives.
Rating Justification
ComfortableThe Graph demonstrates clear utility as a crucial infrastructure service for the blockchain ecosystem. Its business model involves legitimate value creation through indexing services, and the token serves multiple practical purposes within the network. The protocol does not involve any inherently prohibited activities like gambling or interest-based lending. The service provided is transparent and serves a clear technological purpose.
While we find this token comfortable to invest in from a Shariah-screening perspective, this does not imply we think it is a strong investment.
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Disclaimer: These reports are findings of AI analysis and cannot be guaranteed to be accurate. Ratings reflect opinions derived from automated criteria applied to the sources you submitted and a corpus of prior assessments. This is not a fatwa and does not determine Islamic law. Ratings may change as projects evolve. Always conduct your own research before investing.
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