GRT
GRT

The Graph price

$0.16180
-$0.00130
(-0.80%)
Price change from 00:00 UTC until now
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Market info
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FAQ

The Graph market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$1.54B
Circulating supply
9,548,531,509 GRT
Market cap ranking
46
24h high
$0.16390
24h low
$0.15250
All-time high
$2.8900

GRT calculator

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The Graph price performance in USD

The current price of The Graph is $0.16220. Since 00:00 UTC, The Graph has decreased by -0.80%. It currently has a circulating supply of 9,548,531,509 GRT and a maximum supply of 10,788,004,319 GRT, giving it a fully diluted market cap of $1.54B. At present, The Graph holds the 46 position in market cap rankings. The The Graph/USD price is updated in real-time.
Today
-$0.00130
-0.80%
7 days
$0.016900
+11.63%
30 days
$0.0067000
+4.30%
3 months
$0.016000
+10.94%

About The Graph (GRT)

3.8/5
CyberScope
4.3
11/08/2024
TokenInsight
3.3
03/27/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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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.

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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.

What is the GRT price prediction?
While it’s challenging to predict the exact future price of GRT, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
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.
What is the current GRT price today?
The current price of GRT today is constantly changing and can be checked in real-time on our platform. Visit our price page for the most up-to-date information.
How much is The Graph worth today?
Currently, one The Graph is worth $0.16220. For answers and insight into The Graph's price action, you're in the right place. Explore the latest The Graph charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as The Graph, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as The Graph have been created as well.

GRT calculator

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