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The Graph (GRT) is an indexing protocol that plays a role in requesting data for networks such as Ethereum and IPFS. Not only that, this protocol also plays a role in supporting most DeFi applications and the broader Web3 ecosystem.
Anyone can create and publish an open API known as a subgraph. Subgraphs can be queried by applications that use GraphQL to extract data from the blockchain. The Graph currently supports indexing data from Ethereum, IPFS and POA.
Graph Website 
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GRT is an ERC-20 token in the Ethereum blockchain that is used to allocate resources in active earnings. Curators and active delegates can earn on the network in proportion to the amount of work they do and their GRT shares.
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“The goal of The Graph is to assist developers in using relevant data to improve the efficiency of their decentralized application (dApp)."