Recent progress in the study of the contact process [2] has verified that the extinction-survival threshold $λ_1$ on a Galton-Watson tree is strictly positive if and only if the offspring distribution $ξ$ has an exponential tail. In this paper, we derive the first-order asymptotics of $λ_1$ for the contact process on Galton-Watson trees and its corresponding analog for random graphs. In particular, if $ξ$ is appropriately concentrated around its mean, we demonstrate that $λ_1(ξ) \sim 1/\mathbb{E} ξ$ as $\mathbb{E}ξ\rightarrow \infty$, which matches with the known asymptotics on the $d$-regular trees. The same result for the short-long survival threshold on the Erdős-Rényi and other random graphs are shown as well.