The Graph (GRT) serves as the critical indexing layer for the Web3 economy, and its importance has only grown by February 16, 2026. With the explosion of data across multiple blockchains, the demand for subgraphs—open APIs that organize blockchain data—has reached record levels. Developers rely on The Graph to query networks like Ethereum, Solana, and Arbitrum efficiently. The transition to a fully decentralized network is largely complete, with Indexers, Curators, and Delegators actively participating in the protocol's economy. GRT token economics have improved as query fees generated by dApps begin to offset inflationary rewards. This shift towards sustainability is a key metric for long-term investors. As AI agents increasingly interact with blockchain data, The Graph is positioning itself as the standard data provider for machine-readable crypto information. Price action for GRT is currently reflective of this utility, showing resilience even when speculative assets dip. Analysts view GRT as a fundamental infrastructure play, essential for the functionality of the majority of DeFi and NFT applications currently in operation.