$68,854.00
6.77%$2,065.10
11.18%$1.60
28.73%$1.46
7.41%$630.95
7.02%$0.999992
-0.00%$89.12
13.17%$0.285955
1.07%$0.103833
12.75%$1.035
0.53%$0.310114
19.03%$51.36
6.31%$513.07
6.21%$0.999998
-0.00%$8.75
3.35%$28.68
5.04%$9.41
14.04%$339.07
5.31%$0.163952
1.54%$0.999401
0.01%$0.167213
10.80%$0.999271
-0.08%$0.00964991
2.39%$0.104878
9.21%$57.88
12.20%$256.25
4.16%$9.67
15.61%$1.00
-0.05%$1.002
15.32%$0.00000639
7.56%$0.079338
6.27%$1.33
0.08%$0.117172
6.05%$5,167.02
0.42%$4.07
22.07%$5,199.57
0.40%$1.35
-5.13%$0.622876
5.43%$1.00
0.00%$122.45
6.97%$0.00000434
10.26%$184.29
8.51%$0.714268
2.33%$0.997732
0.01%$78.45
6.14%$0.99996
0.00%$0.070656
8.27%$1.12
0.00%$0.170329
4.52%$2.25
2.20%$0.999851
-0.00%$1.21
23.49%$0.00000165
0.64%$9.42
11.89%$0.28525
14.28%$2.46
15.36%$0.999323
-0.05%$0.117096
4.01%$0.42207
11.85%$8.91
7.52%$11.00
0.01%$7.19
6.19%$0.00191601
8.55%$0.061697
8.15%$2.06
3.05%$65.92
6.06%$0.112032
13.18%$0.01667483
2.15%$0.884797
7.46%$0.03173318
8.15%$3.59
4.97%$1.002
0.15%$0.00977972
6.46%$0.093363
10.62%$1.062
28.43%$1.083
22.24%$1.51
10.24%$1.24
0.24%$0.762409
-9.46%$1.00
0.03%$114.40
0.01%$1.027
0.00%$1.11
0.40%$0.03461545
3.58%$0.00795047
11.03%$1.84
13.57%$0.081472
1.63%$0.103714
11.56%$0.03196318
11.68%$0.00000655
12.63%$1.096
0.01%$0.995884
-0.23%$0.1628
12.17%$0.999952
0.00%$0.01295962
3.36%$28.93
3.52%$0.273119
14.02%$0.278116
7.15%$0.999303
-0.05%$0.072369
9.32%$1.087
-0.17%$0.00739718
15.16%$0.709658
16.64%$1.18
0.21%$1.00
0.01%$35.63
8.45%$1.34
11.18%$0.400432
8.51%$167.48
1.02%$0.534203
3.18%$0.04433961
-3.82%$0.171563
11.59%$0.261211
16.52%$1.00
0.01%$1.09
6.40%$0.085283
9.27%$1.48
2.22%$0.03541846
4.41%$132.07
8.97%$0.999805
-0.01%$0.373253
13.85%$1.019
-0.13%$0.00000034
3.82%$16.73
8.33%$3.33
5.10%$0.00000033
0.66%$0.056331
6.78%$0.055719
9.46%$0.361991
20.17%$1.58
4.65%$0.01649653
0.47%$3.21
1.63%$0.071824
9.18%$0.329726
13.02%$0.02843035
9.52%$0.00003129
11.32%$0.00598002
7.33%$0.99706
-0.05%$0.334387
11.48%$0.995073
0.29%$0.052914
9.67%$17.41
2.11%$0.128027
8.85%$0.077006
11.03%$0.231168
12.74%$0.00278292
9.81%$1.41
-3.55%$1.60
-2.30%$6.78
11.60%$0.04578713
9.59%$0.136981
1.39%$0.00249392
0.13%$0.091143
15.61%$0.02208827
9.07%$0.106382
21.23%$1.39
12.01%$0.320056
-2.73%$1.001
0.21%$1.77
5.20%$0.22048
11.51%$0.999999
-0.00%$0.0022258
5.76%$0.986082
-0.25%$0.521327
4.12%$0.999979
-0.00%$1.30
9.78%$1.075
0.01%$22.79
0.00%$0.00003732
6.66%$0.204393
11.15%$0.099095
-1.20%$2.86
9.99%$0.00000096
0.48%$5,255.42
-1.94%$0.101708
12.68%$0.944944
56.57%$0.194295
16.35%$0.053926
4.16%$0.02059582
7.40%$1.00
0.00%$0.125383
7.98%$0.00503774
5.29%$0.00394984
11.47%$0.189813
-1.46%$0.079856
0.37%$4.22
15.01%$18.93
6.81%$1.98
14.23%$1.00
0.00%$0.780937
0.98%$0.649153
10.41%$0.055511
9.14%$0.172749
15.59%$2.19
11.52%$1.001
0.14%$2.13
1.94%$8.64
-10.69%$0.02321923
1.15%$1.81
1.07%$0.04374268
10.04%$0.01996472
-0.42%$48.01
0.02%$0.00000808
7.59%$3.37
-3.88%$1.26
0.83%$0.156112
5.95%$0.180175
13.58%$0.340413
10.02%$0.947289
-4.78%$1.001
-0.10%$0.998726
0.02%$0.422641
8.69%$1.013
-0.02%$0.306047
0.10%$0.662688
4.55%$4.72
10.33%$0.098092
11.94%$0.084074
8.02%$0.133876
8.00%$0.267645
6.39%$0.623159
5.00%$0.082493
12.77%$0.02318631
-6.70%$11.94
1.19%$0.297995
5.65%$0.131203
4.45%$1,097.76
0.01%$0.074276
-0.22%$0.375273
3.50%$0.314758
-0.59%$0.00150857
3.22%$0.224466
2.65%$0.004076
3.99%$1.90
1.74%$0.131118
0.41%$0.249857
1.08%$0.204174
8.22%$0.995337
-0.00%$2.42
7.79%$1.001
0.00%$1.038
3.57%$0.343382
4.29%$7.64
-11.87%$12.13
4.04%$1.47
2.75%$1.00
0.02%$1.064
0.19%$0.999716
-0.25%
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.
