GRT

The Graph price

GRT
|
3.9/5
CyberScope
4.4
04/19/2024
TokenInsight
3.4
03/27/2023
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USD
USD
$0.26690
+3.81%
1h
24h
1W
1M
1Y
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The Graph price live data

The current price of The Graph is $0.26690. Since 00:00 UTC, The Graph has increased by +3.81%. It currently has a circulating supply of 9,482,443,926 GRT and a maximum supply of 10,788,004,319 GRT, giving it a fully diluted market cap of $2.52B. At present, The Graph holds the 39 position in market cap rankings. The The Graph/USD price is updated in real-time.

The Graph price performance in USD

Time periodChange amount%Chg
Today$0.0098000 +3.81%
7 days$0.0046000 +1.75%
30 days-$0.12300 -31.55%
3 months-$0.12590 -32.06%

The Graph market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.24530
Last price $0.26690
24h high$0.26710
Heat index ranking
186
Market cap ranking
39
Market cap
$2.52B
Favorited rate
Percentage of users who favorited this asset to all users
2.22%
All-time high
$2.8900
-90.77% (-$2.6231)
Feb 12, 2021 (3 years ago)
All-time low
$0.051700
+416.24% ($0.21520)
Nov 22, 2022 (2 years ago)
ICO date
12/13/2020
ICO price
The price at which this crypto was first traded
$0.030000
Circulating supply
The amount of this crypto that is publicly available in the market
9,482,443,926 GRT
Market cap at circulating supply
Market cap = Circulating supply × Last price
$2.87B

About The Graph (GRT)

The Graph is an indexing protocol that allows blockchain applications like Ethereum and IPFS to collect, process, and retrieve data verifiably. The open-source protocol makes it easier for developers to build and publish open APIs called subgraphs. GRT is the name and ticker symbol of its native token.

The Graph collects, analyzes, and sorts blockchain data using Graph nodes. Graph nodes are responsible for constantly scanning blocks and smart contracts on the blockchain. When applications add new data to the blockchain, Graph nodes categorize the information into their respective subgraphs. End users can then search for relevant data within subgraphs.

By enabling decentralized finance (DeFi) applications to communicate with each other quickly and securely, The Graph solves problems such as chain reorganization and query fulfillment capacity. Some of the most popular decentralized applications (DApps) leveraging the indexing mechanism of The Graph are AAVE, Curve DAO, and Uniswap.

How does GRT work?

What sets The Graph apart is how it involves GRT tokens at each stage of the indexing process. The Graph relies on four separate network participants: indexers, curators, delegators, and consumers. These four network actors are vital to running the open-source protocol and are as follows.

Indexers act as the node operators of The Graph. Indexers can stake GRT on the platform and run a Graph Node. Their primary function is to provide indexing services to signaled subgraphs. This process rewards indexers with GRT tokens, who can also set their own fees for providing indexing services. Indexers compete with other indexers to ensure a quality service.

Curators are responsible for ensuring the quality of the services provided by indexers:

  • They assess which subgraphs offer accurate data.
  • Curators use their GRT tokens to signal which subgraphs are worth indexing.
  • Curators receive rewards directly proportional to the popularity of signaled subgraphs.

Delegators assist in securing the network by delegating their GRT tokens to indexers. This helps Graph nodes to fulfill their indexing services. In return, delegators receive GRT tokens rewards from indexers in proportion to their delegation.

Consumers are the end-users of The Graph protocol. They can be individuals submitting queries to retrieve information or developers and blockchain DApps like Uniswap that require services from The Graph. Consumers are required to pay GRT tokens to submit questions and pull blockchain data, helping to stabilize the price of GRT.

Apart from its extensive usage on the Ethereum network, The Graph is also planning to explore the Web3 ecosystem. If the platform becomes blockchain agnostic, The Graph can enable a Google-like search for all distributed ledgers in the ecosystem.

GRT price and tokenomics

GRT has a total supply of 10 billion, and 3% will be issued as indexing rewards every year. Therefore, the circulating supply of GRT tokens is roughly 6.9 billion, representing 69% of the total supply. Tokens are burnt through various mechanisms to maintain deflationary effects and facilitate a GRT price appreciation. One such method includes depositing tax for curators and delegators.

The Graph conducted two separate funding rounds in 2020. The first round was completed in June and was aimed at private investors. This round raised $7.5 million for the ongoing development of The Graph. The second round was a public initial coin offering (ICO) that raised an additional $12 million.

The community and early backers of the project received almost 50% allocation of the overall distribution. 23% was distributed to the team and advisors, while the remaining was distributed between Edge & Node (the initial team of Graph) and strategic investors.

GRT tokens also feature a constant emission schedule, which dictates that new tokens will be issued and added to the circulating supply via indexing rewards. Indexing rewards are paid to network participants who agree to lock up their GRT tokens to power The Graph and ensure that subgraphs are accurately indexed. Indexing rewards are also paid to delegators depending on how many GRT tokens they've staked to a selected indexer.

About the founders

The Graph was founded by Yaniv Tal, Brandon Ramirez, and Jannis Pohlman, who served as project, research, and tech leads. Tal, Ramirez, and Pohlmann come from various engineering backgrounds but have a history of working together for over five years. Their previous project, Datomic, successfully designed a custom framework for an immutable database. The Graph's initial vision of creating immutable APIs and data access tools using the QueryQL programming language was born from this project. The mainnet launch of The Graph's services was realized when the platform was deployed on the Ethereum network on Dec 17, 2020.

Today, The Graph team comprises experienced members from prestigious backgrounds in the cryptocurrency industry, such as The Ethereum Foundation, OpenZeppelin, and Decentraland. In the spirit of decentralization, over 20,000 developers have contributed to expanding the network of subgraphs within The Graph's platform. The last funding round for The Graph occurred in the second quarter of 2020. The company raised $5 million from several strategic investors, including Framework, ParaFi Capital, Digital Currency Group, CoinIX, Tally Group, and Coinbase Ventures. The year before, Multicoin Capital and DTC Capital led the seed round, raising $2.5 million.

Learn more about The Graph (GRT)

GRT FAQ

What is GRT?

The Graph protocol is the intermediary communication channel that sends verified blockchain data to decentralized applications. In addition, it handles data retrieval, mapping responses to smart contract transactions, and delivering organized data to end-users. The Graph also saves data and time for developers through its efficient data feeds. GRT is the name and ticker of the platform's native token.

How does GRT work?

The first step starts with scanning Ethereum blocks for new data using the Graph node. After scanning, the events are defined into subgraphs, and the Node is responsible for filtering events related to the user's queries. The high-quality subgraphs are then indexed by indexers and presented to the end-user using GraphQL. It acts as the main link between blockchain data and decentralized applications.

Where can I buy GRT?

Easily buy GRT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include GRT/USDT, GRT/USDC, and GRT/BTC.

You can also buy GRT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for GRT with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into GRT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Easily buy GRT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include GRT/USDT, GRT/USDC, and GRT/BTC.

You can also buy GRT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for GRT with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into GRT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Is GRT an inflationary cryptocurrency?
Yes, GRT is an inflationary cryptocurrency with a constantly increasing supply. New GRT tokens are added to the circulating supply through indexing rewards at an inflation rate of 3% per year.
Can I swap other cryptocurrencies for GRT?
If you want to swap some of your other cryptocurrency holdings for GRT, visit our convenient "Convert" page. This helpful feature allows you to instantly exchange popular cryptocurrencies like BTC, ETH, or USDT for GRT at the best available price.
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