Friday, March 29, 2024
by Hideo Nakamura
Rank #38
The Graph (GRT)

The Graph GRT

$ 0.401701
0.00000574 BTC
Marketcap
$ 3,789,433,659
Volume (24h)
$ 138,327,072
Circulating Supply
9,456,666,825 GRT
Total Supply
10,788,004,319 GRT
All time high price: $ 2.84 85.86%
All time high date: February 12, 2021
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* Currency in USD
Historical Price for The Graph
DateOpenCloseHighLowVolume
The Graph Markets
#SourcePairVolumePriceChangeUpdated
GRT

The Graph (GRT) price has decreased -3.91% today!

The Graph (GRT) is a cryptocurrency that operates on a blockchain. Currently, it is trading at $ 0.401701 and a market capitalization of $ 3,789,433,659. The price of The Graph has decreased -3.91% in the last 24 hours. Currently, The Graph ranks #38 among all cryptocurrencies by market capitalization and has a daily trading volume of $ 138,327,072.

The Graph

What is The Graph?

It is an indexing protocol and a global API aimed at organizing blockchain data, while making it easily accessible via GraphQL. Developers can use Graph Explorer to search, find, and publish all the public data they need to build decentralized applications. This makes it possible for developers build serverless dApps that run entirely on public infrastructures.

Who are the founders?

It was founded by Yaniv Tal (Project Lead), Jannis Pohlman (Tech Lead), and Brandom Ramirez (Research Lead)

Who are the investors?

They closed a $5 million private token sale funded by Coinbase Ventures, Framework Ventures, Digital Currency Group, and more; while also did a $2.5 million seed round led by Multicoin Capital. A public sale round of $12 million was also concluded few months before the launch of mainnet.

Graph protocol - how it works

How does the protocol work?

Developers can define a subgraph which specifies how blockchain data are structured to be consumed by app and dapp developers. App and dapp developers can query the network using subgraph schemas with GraphQL which are paid in GRT tokens.

These data are served by indexers who act as nodes, incentivized with GRT tokens to ensure that the API is always available in a decentralized manner and data are served correctly.

As there can be many subgraphs out there, curators are tasked to find the subgraphs that are most useful to developers. Curators are also incentivized with GRT tokens to find the best subgraph that others would find useful.

Who are its users?

Developers are able to obtain most of the essential Ethereum data through The Graph which includes data for Uniswap, Balancer, Curve, Aave, Moloch DAO, Compound, and more.

Apps and dapps that are using The Graph includes CryptokenTop, Uniswap Info, Decentraland, Synthetix, Aragon, and more.

The service have also recently expanded to offer data from other blockchains such as Binance Smart Chain, Bitcoin, Cosmos, Avalanche, Flow, Polygon POS, Arbitrum, Celo, and more.

What is the GRT token?

GRT coin is the native token of the network that’s used to coordinate work. Node operators (called Indexers) can stake and earn GRT for processing queries. Anyone can delegate their tokens to indexers to secure the network and earn rewards. Curators organize data on The Graph by signaling GRT on useful APIs, called subgraphs. Indexers, Delegators, and Curators work together to organize the data for the crypto economy and maintain a useful global API for DeFi and Web3.

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