GraphQL provides benefits for both frontend and backend developers by sitting between them in the tech stack. It allows frontend developers to fetch only the necessary data in a simple way, and backend developers can implement efficient APIs and refactor to microservices more easily. Tools are being developed that take advantage of GraphQL's query structure to provide autocomplete, static analysis, caching, and more integrated capabilities. GraphQL enables building new developer tools by providing a standardized specification and introspection capabilities.