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GRT

The Graph (GRT) Price Index

$ 0.291263 Ƀ 0.00000565
  • MarketCap
    $ 2,747,377,927
  • Volume
    $ 248,938,538
  • Change
    0.84%
the-graphThe Graph
$ 0.291263
$ 0.291263
0.84%
0,268778
GRT
The Graph (GRT)
$ 0.291263
GRT
The Graph (GRT)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 08, 2023 | 4 min
Updated on Dec 24, 2023

Overview: What is Graph (GRT)?

The Graph (GRT) is a prominent blockchain protocol that indexes and queries data from blockchains, primarily Ethereum. It enhances efficiency and ease-of-use by streamlining the process of accessing data. The Graph operates by organizing blockchain data into various indices, known as subgraphs, which facilitate simpler and faster access for applications. This system is vital for many decentralized finance (DeFi), and Web3 applications, which rely on The Graph to pull complex data from the blockchain.

 

What Makes the GRT Coin Unique?

GRT coin, the native token of The Graph protocol, stands out due to its crucial utility and governance roles within the ecosystem. The coin is used to financially incentivize network participants, including Indexers, Curators, and Delegators, who respectively maintain, signal, and delegate within the network. Additionally, GRT serves an important role in governance, preserving its decentralized and user-centric identity by allowing holders to vote on decisions relating to the direction of The Graph protocol.

 

What Is Graph Used for?

GRT is used as a utility token within The Graph ecosystem. It is used for different operations, including querying, indexing, and curating data. Developers use GRT to pay for queries they run on the network. Indexers earn GRT for processing queries and maintaining the nodes. Curators, who signal on high-quality subgraphs, are also compensated in GRT. In addition, GRT is used for staking. Token holders can stake their GRT to secure the network and earn rewards.

 

How Does Graph Work?

The Graph creates a decentralized network where developers can build and publish various APIs, known as subgraphs. These subgraphs define how to absorb, process, and store data from the blockchain, so it can be queried. Indexers run nodes to process these queries, and Curators make signalling decisions about which subgraphs should be indexed. Meanwhile, Delegators help secure the network. Queries are processed in a decentralized fashion, ensuring data remains open and accessible.

 

How Is the Graph (GRT) Price Determined?

The Graph (GRT) price is determined by a combination of factors, including supply and demand, market sentiment, technological developments within The Graph ecosystem, partnership announcements, and broader economic conditions affecting the crypto market. GRT’s utility within the ecosystem also impacts its value, as it is integral to the functioning of The Graph protocol.

 

What Is the GRT Coin Price Prediction for 2030?

Any prediction of the future price of GRT in 2030 needs to take into consideration The Graph’s continued growth, adoption in the DeFi and Web3 space, and potential technological advancements, which could positively influence its value. By 2030, if The Graph maintains its relevance and expands its use cases, the GRT price could increase in value subject to market trends and technological evolutions in the blockchain sector.

Binance estimates a 2030 price of $0.23, while Coinpedia expects a price of $5.96 and Priceprediction.net sits somewhere in the middle, anticipating a 2030 price of $2.13.

 

How Is the Graph Network Secured?

The Graph network is secured through a delegated proof-of-stake (dPoS) mechanism, meaning GRT holders are staking their tokens to secure the network. Indexers run the nodes. They stake GRT to provide services and earn fees and rewards. Delegators do not run nodes, but they can contribute to network security and earn a share of the query fees by delegating their GRT to Indexers.

 

Where Can You Buy Graph (GRT)?

Graph (GRT) can be purchased from cryptocurrency CFD brokers and from a broad choice of cryptocurrency exchanges. These include major exchanges like Coinbase, Binance, and Kraken. When purchasing GRT, it is important to pick a reputable exchange or broker and consider factors like liquidity, fees, and security.

 

How Can You Store Graph?

GRT can be stored in several types of wallets, including hardware wallets, like Ledger or Trezor, software wallets, such as MetaMask or Trust Wallet, and exchange wallets, which are provided by cryptocurrency exchanges. While convenient, these generally offer less security compared to hardware and software wallets.

 

FAQ

Is Graph coin a good investment?

Investing in Graph coin inevitably involves risk since it is subject to crypto market volatility. However, many consider it a good investment because it has a strong leadership team, and the indexing protocol integrates with several different blockchains. It has a valuable utility since its primary purpose is to make it easy to organize and access blockchain data.

 

Does GRT have a future?

The future of GRT largely depends on The Graph’s continued adoption and development. As the blockchain and DeFi spaces evolve, The Graph is well positioned to play an increasingly key role in indexing and querying blockchain data.

 

Who has invested in The Graph?

The Graph has attracted investment from numerous entities, including leading blockchain-focused venture capital firms. Major investors include Tiger Global, Reciprocal Ventures, Fintech Collective, Fenbushi Capital, and Blockwall Digital Assets Fund.

 

Who owns The Graph?

Since the Graph is a decentralized protocol, no single entity can own it. Its governance protocol enables all token holders to play a role in decision-making.

 

Is GRT an AI coin?

GRT is not specifically an AI coin, as its focus is on indexing and querying blockchain data. However, its technology could potentially intersect with AI applications in the blockchain arena.

 

Is GRT a coin or a token?

GRT is a token, which has been specifically designed for use within The Graph’s ecosystem.

 

Who are the competitors of The Graph coin?

The main competitors of The Graph are QuickNode, SubQuery and Polygon.

 

What will the GRT price be in 2025?

Predicting the price of GRT in 2025 is complicated by the many factors that can influence the price, from technological advancements within The Graph to broader trends in the cryptocurrency market. Binance estimates a 2025 price of $0.18, and Priceprediction.net anticipates a price of $0.35, while Coinpedia is more optimistic with a prediction of $1.04 for 2025.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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