In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$100,321.00
3.42%$2,015.07
10.63%$2.25
5.80%$621.46
3.21%$159.40
9.12%$0.999902
-0.01%$0.188561
10.11%$0.731946
9.66%$0.251543
2.06%$2,019.18
10.97%$100,339.00
3.44%$3.84
15.65%$15.10
10.74%$21.12
9.16%$0.278672
7.76%$418.73
14.79%$2,399.51
9.74%$0.0000138
8.23%$8.76
0.99%$0.99987
-0.01%$0.190095
8.98%$3.14
4.34%$21.90
3.72%$93.02
4.15%$4.29
9.10%$2,023.71
11.14%$296.02
3.77%$1.001
0.13%$4.40
2.39%$2,157.69
11.10%$1.001
0.07%$100,297.00
3.36%$0.628444
8.24%$29.27
1.93%$0.00000976
20.59%$412.11
14.09%$1.051
0.01%$5.19
10.16%$5.33
11.01%$52.13
2.13%$2.56
12.17%$0.94688
10.02%$191.45
12.09%$1.00
0.00%$0.096095
5.05%$17.58
9.51%$21.58
2.01%$4.93
7.74%$0.096289
5.91%$0.737788
4.20%$12.40
15.11%$30.84
3.72%$4.62
10.88%$0.02696158
8.58%$1.001
0.09%$0.233904
7.13%$1.17
-0.01%$99,879.00
3.05%$4.40
6.39%$0.745631
10.78%$4.35
0.67%$2.80
9.17%$0.214722
8.14%$0.313546
18.12%$0.560046
11.50%$2.63
10.45%$0.34134
12.85%$4.30
4.98%$1.004
0.53%$0.00001918
15.28%$0.962968
11.28%$1.028
11.37%$95.33
5.87%$1,648.63
12.80%$10.88
0.97%$0.460692
10.54%$166.80
8.65%$0.843668
8.91%$0.01958169
1.19%$1.23
-1.13%$2,023.99
11.04%$0.075502
4.11%$1.16
18.24%$2,089.84
10.14%$1.77
31.79%$100,272.00
3.52%$0.217112
9.87%$4.07
8.19%$0.594948
12.35%$0.650902
10.81%$1.00
0.09%$10.78
13.58%$201,210.00
108.60%$0.738303
10.80%$0.099239
9.73%$2,292.08
10.92%$1.001
0.03%$0.01422995
35.01%$1.00
0.04%$621.99
3.27%$14.72
-1.29%$0.00008624
14.40%$205.38
9.00%$3,346.09
-1.21%$0.01699324
9.96%$176.35
9.13%$100,688.00
4.11%$0.897811
16.39%$3,356.32
-1.02%$2.74
14.68%$0.790897
11.17%$1.00
-0.00%$39.28
9.37%$0.22
8.08%$100,895.00
3.54%$99,551.00
4.28%$0.616096
12.85%$2,154.12
11.15%$0.738674
4.38%$0.01666192
11.44%$0.298382
10.68%$0.00000073
5.29%$3.94
4.77%$2.18
8.66%$0.117434
7.62%$0.070798
33.29%$20.20
14.27%$41.50
9.12%$0.997738
-0.01%$0.01923644
13.91%$0.647978
17.72%$2,100.80
10.23%$0.396376
7.72%$0.999786
0.13%$0.578245
7.95%$1.12
1.95%$3.67
15.90%$0.317908
8.22%$0.705569
17.22%$1.74
9.60%$2,111.65
10.41%$0.59859
22.06%$0.146443
9.98%$0.00916826
11.83%$0.441925
14.34%$0.00564263
4.97%$100,406.00
3.62%$110.97
0.01%$1.002
0.31%$0.455274
5.56%$0.189026
10.44%$0.99987
-0.02%$7.43
10.41%$0.194852
17.93%$100,238.00
3.48%$0.487714
16.76%$0.065938
0.39%$1.33
7.09%$0.601438
8.64%$16.39
7.85%$0.999902
-0.01%$0.00002248
7.54%$2,024.27
11.16%$96,203.00
1.24%$1.59
6.77%$0.140941
9.71%$2,159.89
11.42%$2,018.04
10.82%$0.533711
10.46%$0.0080935
13.62%$6.02
8.04%$0.00000042
2.16%$1.68
2.99%$1,998.66
10.68%$0.165082
3.63%$2.56
10.30%$1.016
1.65%$0.00599971
12.32%$1.086
0.05%$2,038.49
8.87%$0.04250753
10.13%$0.153129
1.47%$0.08684
11.63%$3.32
13.40%$2,023.85
11.13%$0.077133
7.23%$1.47
14.55%$0.233263
6.66%$41.65
8.25%$0.00000095
33.70%$0.3863
6.80%$0.553323
13.02%$32.54
0.70%$0.366871
-3.30%$1.001
0.19%$0.03576477
4.70%$0.177087
4.51%$21.50
0.79%$0.00416571
4.57%$0.0181188
2.26%$1.00
0.00%$0.580288
29.26%$0.803622
4.30%$0.00006159
5.30%$0.30349
18.80%$0.733319
13.33%$1.37
7.97%$1.003
0.24%$0.325916
10.90%$2,012.96
11.29%$0.714449
7.35%$100,320.00
3.45%$1.00
-0.00%$1.00
0.00%$118.57
9.28%$100,331.00
3.59%$0.0029888
6.70%$0.00000146
-1.80%$1.099
0.10%$21.19
9.49%$0.235317
7.44%$2.61
8.58%$0.03407752
9.25%$2,139.07
10.93%$0.20578
9.12%$21.96
4.20%$1.00
0.02%$3,355.99
-0.96%$1.34
-15.66%$3.40
10.23%$22.63
6.02%$2,219.66
10.99%$0.543374
4.56%$3.32
20.67%$0.269277
6.90%$2,206.07
11.11%$0.0030147
13.12%$0.970873
27.84%$15.97
9.47%$2.78
6.57%$2,007.25
3.07%$2,019.26
10.86%$0.00345541
11.00%$0.03719153
6.56%$21.95
4.19%$1.55
1.48%$0.01286655
7.84%$2,173.51
10.84%The Graph, the native currency of the company that helps decentralized applications (dapps) find and sort blockchain data, has reached a market cap of $756 million just three days after launching.
The price of The Graph tokens (GRT) has more than doubled since the token launched on December 17, from $0.26 on Friday (the most recent date recorded by CoinMarketCap) to $0.61 today. Volumes, too, have spiked, from $880 million on Friday to $2.8 billion on Sunday.
This makes The Graph the 39th largest cryptocurrency by market capitalization.
The Graph raised $12 million in a token sale for The Graph (GRT) tokens in October. It raised a further $5 million in June; participants included Coinbase Ventures, Framework Ventures and ParaFi Capital.
The Graph is a “distributed query processing protocol.” Its protocol ensures that queries reach dapps in a trustless and secure manner. For instance, a decentralized application could query some data hosted on Ethereum and collect that data without interacting with a third party.
The Graph does this by letting blockchain companies create and use their own APIs, known as subgraphs. Decentralized exchange Uniswap and crypto price provider CoinGecko already use it.
The network is formed of three players. First are indexers, who operate the network’s nodes and stake GRT, earning money whenever someone processes a query; second are curators, who decide what Ethereum data to index and how to store it; third are delegators, who give their GRT to indexes for a cut of their fees.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.