Abstract
GRT needs immediate presence on Base, Hyperliquid, and other high-growth platforms where users are actively trading and building. This proposal advocates for aggressive multi-chain expansion to capture market share and improve accessibility.
Current Situation
Despite The Graph’s critical infrastructure role, GRT token distribution lags significantly:
Missing Opportunities:
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Base: Coinbase’s L2 with 100M+ potential users - GRT not available
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Hyperliquid: 70% of perp DEX volume, $350M+ daily - GRT not listed
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Solana: Fastest growing ecosystem - limited GRT presence
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New L2s: Blast, Mode, Zora gaining traction - GRT absent
Meanwhile: New projects launch on 5+ chains simultaneously. Established tokens are racing to expand. We’re still concentrated on expensive mainnet.
Why This Matters Now
Base Context:
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Coinbase actively promoting Base to retail users
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Tokens on Base seeing 10-50x holder growth
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Native USDC making it the preferred L2 for retail
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Every major DeFi protocol deploying there
Hyperliquid Dominance:
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Captured majority of perpetual DEX volume in under 2 years
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HYPE token created $10B+ market cap
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500,000+ active traders with high capital
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Becoming the default venue for sophisticated traders
Market Reality:
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Users won’t bridge to mainnet for GRT
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Developers building on L2s need native access
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Trading happens where liquidity exists
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Distribution determines adoption, not technology
The Opportunity
Immediate Benefits:
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Tap into Coinbase’s massive retail userbase
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Access Hyperliquid’s trader liquidity
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Reduce friction for new users (no mainnet gas)
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Enable GRT usage where developers actually build
Strategic Advantages:
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First-mover advantage on emerging platforms
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Capture liquidity before competitors
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Build presence where growth is happening
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Align token distribution with protocol usage
Proposed Approach
Multi-Chain Deployment:
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Utilize existing bridge infrastructure (Wormhole, LayerZero)
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Deploy official contracts on target chains
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Establish canonical pools on native DEXs
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Incentivize initial liquidity to bootstrap markets
Priority Targets:
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Base (immediate Coinbase ecosystem access)
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Hyperliquid (trader exposure and volume)
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Solana (developer ecosystem alignment)
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Additional L2s based on metrics
Liquidity Strategy:
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Partner with established market makers
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Implement targeted incentive programs
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Leverage native DEX rewards
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Focus on sustainable depth, not temporary farming
Expected Outcomes
Near Term (30 days):
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Significant increase in GRT holders
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Improved price discovery across venues
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Reduced spread and slippage
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Enhanced brand visibility
Medium Term (90 days):
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Established liquidity on all major platforms
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Integration with native DeFi protocols
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New use cases enabled by accessibility
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Stronger correlation with network usage
Resource Requirements
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Technical deployment and bridge configuration
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Initial liquidity and market making support
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Incentive programs for early adopters
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Coordination with platform teams
Estimated budget: 1-2M GRT for complete multi-chain expansion
Risk Considerations
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Bridge security (mitigated by using established providers)
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Liquidity fragmentation (addressed through market making)
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Execution complexity (simplified by parallel deployment)
Conclusion
The Graph built essential infrastructure but limited token distribution. While competitors prioritize accessibility, we’ve remained conservative. This gap between our protocol’s importance and token’s accessibility must close.
Being on Base and Hyperliquid isn’t optional - it’s where the next million users are. Every day without presence is missed opportunity.
The technical implementation is straightforward. The bridges exist. The demand exists. We just need to act.