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The Graph

GRT

Price
$0.0651
12/2/2022, 12:45:10 PM
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Market

Market stats

Market cap

$448.2M

Volume (24h)

$17.4M

Circulating supply

6.9B GRT

Typical hold time

20 days

Trading activity

Not enough data

Popularity

#46

All time high

$2.88

Price change (1h)

+0.15%

Price change (24h)

+0.47%

Price change (7d)

+4.02%

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The Graph is on the rise this week.

The price of The Graph has risen by 4.02% in the past 7 days. The price increased by 0.47% in the last 24 hours. In just the past hour, the price grew by 0.15%. The current price is $0.0651 per GRT. The Graph is 97.74% below the all time high of $2.88.

The current circulating supply is 6,900,000,000 GRT.

About

GRT is an Ethereum token that powers The Graph, a decentralized protocol for indexing and querying data from blockchains. Just as Google indexes the web, The Graph indexes blockchain data from networks like Ethereum and Filecoin. This data is grouped into open APIs called subgraphs that anyone can query.

What Is The Graph (GRT)?

The Graph (GRT) is a protocol for indexing and accessing blockchain data. The Graph indexes blockchain records from networks like Ethereum in the same way that Google indexes the web. The Graph is a global data layer that runs on top of blockchains and storage networks, acting as a uniting and organizing factor for the decentralization movement. In simple terms, The Graph organizes the data and makes it easy to retrieve it from the blockchain.

Indexing a blockchain is a hard task, and many complex smart contracts that store data on blockchain make it difficult for a DApp to answer a simple query. As per the whitepaper, the Graph protocol aims to make it easy to retrieve data from the blockchain by using subgraphs. According to the protocol, a subgraph seeks to specify which Ethereum data the protocol indexes and how it is being stored. Subgraphs, which are open APIs (application programming interfaces), organize this information that anybody may use to query. Subsequently, with just a few keystrokes, this data can be transformed, categorized, and shared across apps for anyone to query. All data is saved and processed in a secure manner on open networks. The Graph protocol aims to query this data quickly, reliably, and securely.

In simpler terms, The Graph seeks to serve as an integration layer for DApps, as applications in the same domain require a mechanism to collaborate and agree on standardized names to query data. Consequently, applications use a query for operations such as filtering, sorting, and grouping to locate data from large data sets. These query executions further necessitate the creation and maintenance of indexes, without which the executions would be unreasonably slow. Therefore, to achieve a balanced ecosystem, all of this needs economic rewards. Accordingly, The Graph aims to provide this infrastructure layer for Web3.

The Graph is administered by an open network of participants, including indexers, who run the servers that supply data; curators, who organize data; and delegators, who stake their tokens to provide security to the network. These participants feed data to Web3 applications and offer services to the network. Subsequently, consumers interact with the apps and consume the information. As a result, The Graph network aims to build an open marketplace of indexers and curators that collaborate to index and provide all DeFi and Web3 data in a decentralized manner.

Deployed on the Ethereum blockchain, GRT is the native token of The Graph and is the platform’s cryptocurrency. GRT is an ERC20-based work token and is primarily utilized for allocating resources in the network. Participants stake and utilize Graph tokens (GRT) to maintain the economic security of the network and the integrity of data queried. Active indexers, curators, and delegators may provide services and earn revenue from the network based on their work and how much GRT they own. 

History of The Graph (GRT)

The Graph protocol was launched in July 2018, cofounded by Brandon Ramirez, Yaniv Tal, and Jannis Pohlmann. Since January 2019, The Graph has been offering a hosted service with over 2,900 subgraphs for Web3 and DeFi apps. The idea of the Graph ecosystem was conceived and developed by Graph Protocol Incorporation, which was later renamed Edge & Node. Further in 2020, The Graph Foundation was announced to support the diverse network and the various network participants. Eva Beylin was nominated as the director of the foundation. She is experienced in financials, data, and business strategy and worked with OmiseGO and EF.

How Are GRT Created & Staked?

In the Graph network, contributors such as the indexers, delegators, and curators need to stake GRT to participate. Accordingly, indexers stake GRT to supply services in the query market, and delegators delegate GRT to indexers. Further, the curators signal GRT on subgraphs to indicate the subgraphs that are to be indexed.

The network aims to reward the indexers that stake GRT in the marketplace through query fees for indexing services and sending queries to subgraphs. Additionally, both the indexers and delegators earn GRT in the form of indexing rewards, a new coin issue distributed proportionally to curator signal and allotted stake.

Notably, consumers are The Graph’s end users, who query subgraphs and pay query fees to indexers, curators, and delegators. These consumers, according to the network, are expected to be developers or projects that spend query fees for their apps in the same way that they would pay for cloud services. Some applications, however, pass on query fees to users or include the expense in product pricing. The Graph network seeks to enable consumers to pay query fees using gateways or wallets that open-source contracts develop on the network.

How Many GRT Are Available in the Market?

The Graph network reports a maximum total supply of GRT as 10 billion tokens during the mainnet launch.

How to Buy GRT Tokens?

The GRT tokens can be easily traded using exchanges like Coinbase.

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The Graph Calculator

Reading List

News

The Defiant • Jun 03, 22

The Graph Poised to Expand to Arbitrum in Layer 2 Win

The Graph Community to Vote on Move and Increase Scaling

Read more

The Graph Community to Vote on Move and Increase Scaling

Blockworks • Jun 02, 22

The Graph Grants $12.5M in ‘First-Ever’ Effort To Drive Web3 Standards

Messari, which already has 20 subgraphs within the ecosystem to date, said it wants to add a further 200, focusing on Web3 protocols The post The Graph Grants $12.5M in ‘First-Ever’ Effort To Drive Web3 Standards appeared first on Blockworks.

Read more


Messari, which already has 20 subgraphs within the ecosystem to date, said it wants to add a further 200, focusing on Web3 protocols
The post The Graph Grants $12.5M in ‘First-Ever’ Effort To Drive Web3 Standards appeared first on Blockworks.

CoinDesk • Jun 02, 22

The ‘Google of Blockchains’ Sunsets Its Centralized Service

The Graph announced it will urge developers to migrate to its Etheruem-based indexer network as it shuts down its centralized service by early 2023.

Read more

The Graph announced it will urge developers to migrate to its Etheruem-based indexer network as it shuts down its centralized service by early 2023.

The Block • Apr 12, 22

Index Africa announces blockchain philanthropy initiative

Africa’s first node operator on The Graph network plans to donate part of its blockchain revenue to pay for web3 education in rural areas.

Read more

Africa’s first node operator on The Graph network plans to donate part of its blockchain revenue to pay for web3 education in rural areas.

Blockworks • Feb 17, 22

Investors Bolster The Graph With $205M Ecosystem Fund

Digital Currency Group, Multicoin Capital, Reciprocal Ventures, gumi Cryptos Capital, NGC Ventures and HashKey provided the capital to accelerate growth on The Graph The post Investors Bolster The Graph With $205M Ecosystem Fund appeared first on Blockworks.

Read more


Digital Currency Group, Multicoin Capital, Reciprocal Ventures, gumi Cryptos Capital, NGC Ventures and HashKey provided the capital to accelerate growth on The Graph
The post Investors Bolster The Graph With $205M Ecosystem Fund appeared first on Blockworks.

Blockworks • Dec 09, 21

Semiotic AI Receives $60M Grant to Develop The Graph’s Ecosystem

The network supports indexing data from 25 different networks, including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo and Fantom The post Semiotic AI Receives $60M Grant to Develop The Graph’s Ecosystem appeared first on Blockworks.

Read more


The network supports indexing data from 25 different networks, including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo and Fantom
The post Semiotic AI Receives $60M Grant to Develop The Graph’s Ecosystem appeared first on Blockworks.

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FAQ

What is the current price of The Graph?

The price of 1 The Graph currently costs $0.0651.

What is the market cap of The Graph?

The current market cap of The Graph is $448.16M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of The Graph?

The all-time high of The Graph is $2.88. This all-time high is highest price paid for The Graph since it was launched.

What is the 24 hour trading volume of The Graph?

Over the last 24 hours, the trading volume of The Graph is $17.37M.

What other assets are similar to The Graph?

Assets that have a similar market cap to The Graph include Klaytn, eCash, Dash, and many others. To see a full list, see our comparable market cap assets.

How many The Graph are there?

The current circulating supply of The Graph is 6.9 billion.

What is the typical holding time of The Graph?

The median time that Coinbase customers hold The Graph before selling it or sending it to another account or address is 20 days.

What is the relative popularity of The Graph?

The Graph ranks 13 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of The Graph?

Currently, 90% of Coinbase users are buying The Graph. In other words, 90% of Coinbase customers have increased their net position in The Graph over the past 24 hours through trading.