The live price of The Graph is - per (GRT / USD) with a current market cap of $1.08B USD. 24-hour trading volume is - USD. GRT to USD price is updated in real-time. The Graph is -% in the last 24 hours with a circulating supply of 9.83B.
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The Graph is an indexing protocol that enables blockchain applications such as Ethereum and IPFS to collect, process, and retrieve data in a verifiable manner. The protocol is open source and makes it easier for developers to build and publish open APIs called subgraphs. GRT is its native token.
The Graph is an indexing protocol for querying data on networks such as Ethereum and InterPlanetary File System (IPFS), designed to empower a large number of apps in DeFi and the entire Web3 ecosystem.
The protocol supports the creation and publication of open APIs called "subgraphs", which users can access through GraphQL to retrieve blockchain data. The Graph simplifies the development process for creators due to the use of a managed service, and plans to launch a decentralized network later this year. Currently, the protocol indexes data from Ethereum, IPFS, and POA, and plans to expand to other networks.
The Graph operates on the Graph Token (GRT), which can be used by indexers, curators, and delegators to index and curate within the network. As an ERC-20 token on the Ethereum blockchain, GRT plays an important role in allocating resources across the network. The Graph has a strong global community, including more than 200 indexer nodes in its testnet and more than 2,000 curators in the curator program.
GRT is an Ethereum-based token designed to power The Graph decentralized protocol, which is essential for querying and indexing blockchain data. Similar to Google's web index, The Graph organizes blockchain information from networks like Ethereum and Filecoin into accessible open APIs, or subgraphs.
The Graph project was founded by Yaniv Tal, Brandon Ramirez, and Jannis Pohlman, who serve as project, research, and technical leads, respectively.
Tal, Ramirez, and Pohlmann come from different engineering backgrounds, but they have a history of working together for more than 5 years. Their previous project, Datomic, successfully designed a custom framework for immutable databases. The Graph’s original vision of creating immutable APIs and data access tools using the QueryQL programming language was born out of this project. The Graph’s services went live on mainnet when the platform was deployed on the Ethereum network on December 17, 2020.
Today, the Graph team consists of experienced members from a range of notable backgrounds in the cryptocurrency industry, such as the Ethereum Foundation, OpenZeppelin, and decentralization. In the spirit of decentralization, more than 20,000 developers have contributed to expanding the network of subgraphs in the Graph platform.
The Graph’s last round of funding took place in the second quarter of 2020. The company raised $5 million from several strategic investors, including Framework, ParaFi Capital, Digital Currency Group, CoinIX, tallygroup, and Coinbase Ventures. In 2019, Multicoin Capital and DTC Capital led a seed round that raised $2.5 million.
The total supply of GRT tokens is 10 billion, with 3% issued annually as index rewards. Therefore, the circulating supply of GRT tokens is about 6.9 billion, accounting for 69% of the total supply.
Tokens are burned through various mechanisms to maintain the deflationary effect and promote GRT price appreciation. One of these methods is to pay taxes on behalf of decision makers and representatives.
The Graph conducted two separate rounds of financing in 2020. The first round of financing was completed in June and targeted private investors. This round of financing raised $7.5 million for the continued development of The Graph. The second round was a public ICO that raised an additional $12 million.
The community and early supporters of the project received an allocation of nearly 50% of the entire allocation. 23% is allocated to the team and advisors, and the rest is allocated to Edge & Node (the initial team of the Graph) and strategic investors.
GRT tokens also have a steady issuance schedule, which means that new tokens will be issued and added to the circulating supply through indexing rewards. Indexing rewards are paid to network participants who agree to lock up their GRT tokens to support the graph and ensure that subgraphs are accurately indexed. Indexing rewards are also paid to delegators, depending on how many GRT tokens they have staked with selected indexers.
The Graph Protocol acts as an intermediary communication channel, sending 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 native token of the Graph platform.
The functionality of The Graph revolves around its token GRT, which is essential for indexers, curators, and delegators to do their work. These participants provide indexing and curation services within the network by locking up GRT tokens. As an ERC-20 token on the Ethereum blockchain, GRT plays a key role in the allocation of network resources. Participants such as indexers, curators, and delegators who actively participate in their network are eligible for rewards. The amount of rewards is proportional to their level of contribution and the amount of GRT staked. Indexers earn revenue from indexing rewards and query fees, curators earn a share of query fees through the subgraphs they support, and delegators receive a portion of the indexer revenue that corresponds to them.
Yes, GRT is an inflationary cryptocurrency with a continuously increasing supply. New GRT tokens are added to the circulating supply at an inflation rate of 3% per year through indexing rewards.
The Graph team consists of multiple experts from well-known institutions such as the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, and MuleSoft, who played an important role in The Graph's initial public offering (IPO) and subsequent acquisition by Salesforce. The Graph team also includes experts from other large companies such as Puppet, Redhat, and Barclays. The original founding team of The Graph is centered around project leader Yaniv Tal, research leader Brandon Ramirez, and technical leader Jannis Pohlmann.
The total supply of GRT tokens is 10,791,712,248 and the circulating supply is 9,361,166,133.
The first step is to scan Ethereum blocks for new data using Graph nodes. After scanning, events are defined as subgraphs and Node is responsible for filtering events related to user queries
Then, the indexer indexes the high-quality subgraphs and presents them to the end user using GraphQL. It is the main link between blockchain data and decentralized applications.
The The Graph to other currencies exchange rate?
