The invention belongs to the technical field of conductive ink, and provides a water-based environmentally friendly graphene conductive ink in order to solve the problems of poor environmental performance and low conductive performance of the current conductive ink. 10~30 parts of water-based polymer resin, 10~20 parts of conductive filler, 50~120 parts of solvent, 0.5~3 parts of dispersant, 0.5~3 parts of defoamer, 1~5 parts of thickener The conductive ink is made of water-based polymer resin as a binder, and is processed by compound stirring and grinding with conductive fillers, solvents, co-solvents and related auxiliaries. It has the characteristics of adjustable resistivity, stable conductivity, good bending resistance, strong adhesion, and no harm to the environment and human body during use. It overcomes the disadvantages of oily solvents used in traditional conductive inks, such as poisonous and harmful environmental pollution, endangering the health of operators, and high cost of solvents. The ink is suitable for screen printing, flexographic printing, gravure printing, coating and other printing processes.