Bitcoin based token standards such as BRC20 have grown to billions of dollars in TVL. But these protocols are guarded by centralized and closed source indexers, often maintained by single entities
This creates a centralized point of failure and potential attack vector for the growing DeFi ecosystem on Bitcoin
GRPH is a utility token that powers the Unigraph ecosystem. Node operators work together to provide data access to users and receive GRPH rewards.The GRPH token is used to incentivize participants in the Unigraph protocol.
Users of the Unigraph protocol will pay to access data using GRPH tokens. The aim is for Unigraph to become the de facto standard for data availability on the Bitcoin network.
Unigraph and the GRPH token will play a crucial role in decentralizing Bitcoin based token data and making the ecosystem more accessible and functional for developers and end users. The token was fair launched and is available for trading on Unisats and OKX.