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The Graph

0.00%

Market Cap (USD)

$3.2B

24H VOLUME (USD)

$11K

Daily change

$0.016

A price chart is a visual reflection of the market situation regarding a digital currency or another tradable asset. It presents the current rate, historical changes, trading volume, and a plethora of other details to help traders determine favorable times to place trades. The most useful information you can find on the chart is changes in the GRT price to fiat currency. This way, you will always know the GRT to fiat rates.

The Graph (GRT) Price Chart

Only a few years ago, you had to be pretty tech-savvy to create a dApp that banks on efficiently accessing information from the Ethereum blockchain. Before 2020, developers needed to invent strategies to collect and transform data from various sources. Often, this resulted in centralized databases and servers to categorize blockchain data.

This was expensive, time-consuming, and incurred unnecessary risk as centralized infrastructure could be a point of failure. Seeing this obstacle, The Graph network built a comprehensive toolset to facilitate this complex procedure without centralizing the network. By simplifying the interaction between blockchains, The Graph makes it easier to develop new apps and track important data.

With its implementation, developers can concentrate on the user experience, rather than building customized back-end infrastructure for every app. Normally, the primary concern was to complete this task without corrupting security. 

The recent development of the DeFi sector has extended the position of smart contract blockchains like Ethereum within the market. It has undoubtedly become one of the most widespread DeFi blockchains, with numerous platforms being launched within its ecosystem since 2020. The Graph has positioned itself impeccably to help incite this development. Today, more than 6,000 developers are employing The Graph to create new dApps and subgraphs on top of and between existing blockchains.

What is The Graph?

The Graph (GRT) is a blockchain-based protocol for accessing and indexing blockchain data. It categorizes records and information from networks such as Ethereum in a similar manner to how Google’s crawlers order the web. It is a worldwide data layer that operates on top of blockchain and storage networks behaving as a symbiotic and managing element of decentralization information. In other words, the Graph (GRT) organizes data and facilitates its retrieval across disparate blockchains. 

When information is stored across multiple smart contracts, dApps can have trouble completing simple queries related to indexing. According to the whitepaper, the goal of The Graph is to facilitate retrieving data from a blockchain by implementing subgraphs. As per the protocol, a subgraph attempts to determine which Ethereum data The Graph protocol indexes and how it’s stored. 

Subgraphs, which are in essence open application programming interfaces (APIs), manage this data so that anyone can make use of it to query. In turn, this information can be transformed, classified, and shared within the app for everyone to query. All data is stored and processed securely on the open network. The Graph seeks to query this information fast, reliably, and safely while avoiding centralization.

To put it simply, The Graph protocol aims to act as an integration layer for dApps by providing a mechanism to coordinate and query data. As a result, dApps utilize a query for actions like filtering, classifying, and grouping to locate information from huge data sets. 

Such executions require the development and maintenance of indexes since, without them, retrieval would be slow. Therefore, to incentivize the stewardship of indexes, this function is rewarded economically within the ecosystem. Subsequently, The Graph seeks to offer an essential infrastructure layer for Web3.

Brief history of The Graph

The Graph was established in January 2018 by Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann to address data query issues linked with smart contract creation on the Ethereum network. Before its creation, developers who needed to access, index, and query blockchain data were compelled to implement centralized in-house servers and databases. However, this method of leveraging blockchain data was labor-intensive, pricey, and risked network security by creating centralized nodes.

The team behind The Graph decided to come up with an indexing protocol via the implementation of subgraphs. This made it handier for developers to utilize data from blockchain networks to build and test new solutions. To help secure and drive network functions, the team also built GRT tokens to play a fundamental role in the economics of the project. 

In October 2020, before the introduction of The Graph’s mainnet, GRT tokens were distributed to aspiring network participants. The original overall token supply amounted to 1.2 billion GRT, with 400 million sold at the price of $0.03 worth of ETH. The entire supply of GRT was then set at 10 billion, with additional token issuance via indexing incentives starting at about 3%. The Graph’s mainnet became fully operational in December 2020.

Who are the founders of The Graph?

As mentioned above, Yaniv Tal, Jannis Pohlmann, and Brandon Ramizer founded The Graph in 2018. Tal had already known how hard it could be to develop new dApps on the Ethereum network, so he used his personal experience as motivation. He and his team built The Graph to launch the first decentralized indexing and query dApp on the Ethereum network.

The launch of The Graph mainnet was a step forward for the project, which quickly worked to boost the amount of subgraph generation on the network. The final objective of the protocol is to make Web 3.0 accessible to everyone by allowing dApps to access network data without having to rely on servers or centralized authorities.

How does The Graph work?

The Graph functions as a protocol that categorizes and organizes blockchain data, then process it in a more accessible way. Via The Graph, developers can create subgraphs or open APIs that enable dApps to look for and process blockchain data, as well as build solutions across networks. The Graph protocol’s native token GRT offers users the opportunity to earn rewards by participating in network functions. 

The Graph runs on the proof of stake (PoS) consensus mechanism that encourages users to engage actively with the community. Network users can be classified into four categories: indexers, curators, delegators, and consumers. 

 

Indexers are the node operators; they run the nodes in the network. They stake GRT to provide indexing and query processing and earn fees and rewards for their services. To become an Indexer, you must run the node software and remain active to sustain the network. 

 

Curators are subgraph developers, data consumers, or community members who let Indexers know which APIs need to be indexed. To pinpoint the most reliable data sources, curators need to have and use knowledge of the blockchain ecosystem, dApps, and consumers. 

To earn a reward, they deposit GRT to signal on a particular subgraph, then earn a part of query fees for what they signal. This motivates them to find the best sources. 

 

Delegators are users who help support the network, but without running the nodes. They contribute by delegating their coins to Indexers and earn a portion of those fees and rewards. 

 

Consumers are end-users of The Graph protocol. They query subgraphs and pay fees to all of the above members through gateways or wallets connected to open-source contracts on the network. 

Buy The-graph

GRT price index and price analysis

After The Graph mainnet went live in December 2020, GRT skyrocketed to its all-time high of $2.84 in February 2021. However, a few months later, in late June, it dropped to the lowest GRT historical price of $0.43.  

Afterward, GRT struggled to maintain its previous highs, oscillating between $0.60-$1.10. However, The Graph price over time declined to about $0.110 and kept hovering around that amount. 

The Graph price prediction

According to DigitalCoinPrice, GRT value may be worth between $0.14 and $0.17 for the rest of 2022. The forecast for 2025 stands at $0.21, whereas the predictions for 2030 may go as high as $0.54. 

WalletInvestor’s predictions are way more bearish, as it believes that GRT worth may go lower than $0.003 in only one year. On the other hand, PricePrediction.net is more optimistic, forecasting the values of $0.17 for 2022, $0.56 in 2025, and $3.50 in 2030 per 1 GRT.

How to buy The Graph (GRT)

To become a Consumer in The Graph protocol and purchase GRT tokens, you must register at a crypto exchange first. But you should be very careful when selecting one since not all of them are correctly regulated or transparent about their fees. What’s even worse, your credentials may end up misused, corrupted, or disclosed to a third party. Hence, don’t hesitate to do your due diligence and find a reliable exchange before joining the crypto world.   

Why choose CEX.IO?

CEX.IO works diligently to ensure both your data and funds are safe and secure every time you interact with our first-rate services. To confirm the quality of our security protocols, crypto offers, and overall service, CEX.IO has received multiple awards from respected outlets and regulators within the crypto realm. 

To place trades on CEX.IO, you must create an account first. The registration process is easy: provide your full name, a valid email address, and a copy of your ID or passport to prove your identity. Once CEX.IO verifies your account, you can begin to buy and sell crypto.

Funding your account

A robust choice of payment services is often a reflection of a high-quality crypto exchange, and CEX.IO offers a wide array to choose from: 

Buy GRT via Instant Buy

You may be wondering: is there a way to buy cryptocurrency with a credit card instantly? On CEX.IO, yes, there is. You can buy BTC with a credit card or buy USDT via Instant Buy on our website or by using the Buy/Sell feature in the CEX.IO App. Follow along below to learn how to purchase The Graph using CEX.IO.

To buy GRT, 

  • Click Instant Buy on the CEX.IO homepage
  • Choose GRT from the drop-down menu
  • Select the amount of GRT you want to purchase from the pre-calculated pack or type your own
  • Click Buy Now to finalize the process.

Keep in mind that the Instant Buy feature requires you to add your credit or debit card (VISA or Master) before you can purchase crypto. If you haven’t linked your card with your CEX.IO account, you will be asked to do so to finish the transaction.   

Buy GRT with trade orders

If you’re seeking more control over your trading, you can buy GRT via the Spot Trading platform. Here you have an opportunity to choose between two alternatives — a limit and a market order. Each option is different in terms of the level of control it offers concerning your funds.

A market order is another option with which you can buy GRT instantly. To do so: 

  • Type GRT in the search bar, then click on the GRT/USD pair
  • Click the market tab below the chart
  • Enter the amount of USD you’d like to spend
  • Click Buy Now

A limit order gives you more control over your trading in terms of price. Namely, it allows you to choose the price at which you want to buy (or sell) GRT.

To trade via the limit order, click the Limit tab, type the amount of GRT you’d like to purchase, set your preferred price, and then click Place Order. When that value is attained, your trade will be placed immediately. 

Expectedly, you can buy or sell other cryptocurrencies by using these two orders. Thus, you can buy Ethereumbuy Solana, and Dogecoin, or sell BTC.  

Please note that the main difference between these two features lies in the time your orders are placed. With the market order, the trades are executed instantly. With the limit orders, on the other hand, you’ll need to wait until the price you set is attained. This way, you don’t have to follow crypto prices all the time to spot the most favorable offer.  

If you’re looking forward to advancing your crypto trading and curious about ways to automate your transactions, consider exploring CEX.IO API trading.  

What to do with GRT tokens?

Following the purchase of GRT, you can choose to hold them in your balance to sell at a later date. However, it’s important to be mindful of the security of your coins. 

While you can keep your assets in your CEX.IO account, opting for a CEX.IO Wallet would offer greater mobility and open up new opportunities to earn rewards. Besides storing your coins, CEX.IO Wallet lets you manage and monitor your portfolio, as well as exchange crypto-to-fiat and fiat-to-crypto transactions within seconds. Additionally, certain coins and tokens are eligible for staking, which we explore below.

Can you earn crypto on CEX.IO?

With CEX.IO, you have a chance to earn rewards. We enable our users to stake or save crypto, as well as join our Affiliate Program.

By staking crypto, you can earn up to 23% annual reward on certain assets. Staking with CEX.IO is extremely straightforward. Choose from 14 designated cryptocurrencies to deposit or buy and keep in your balance. 

The amount you could earn depends on how many coins you stake, and how long you stake them. CEX.IO doesn’t look up your crypto so you can access your full portfolio at any time. To check the estimated reward rate, you can refer to our staking calculator.

Saving crypto is similar to staking — buy or transfer crypto, hold it in your balance, and reap the reward. 

Your friends are crypto enthusiasts too? Then why don’t you invite them to join CEX.IO? They will enjoy trading with CEX.IO, and you can potentially earn up to 30% commission on their trades

FAQ 

How do you deposit money on CEX.IO?

To deposit money to your CEX.IO account, click on Add funds on the Wallet pageYou can find this option in the top right corner of the webpage. Next, choose the payment method that is most convenient for you. Then, choose the currency and the amount you want to deposit. Your account will be funded within seconds.  

How do you withdraw funds from CEX.IO?

The process of withdrawing is almost the same as depositing. Click on Withdraw — it’s located next to the Add funds option — select the payment service you would like to use and then choose the type of currency and the amount you’d like to withdraw.

What payment methods are available on CEX.IO?

CEX.IO supports an array of payment services you can choose from: VISA and Master credit and debit cards, wire transfers (domestic and international), e-wallets (Skrill, Epay, PayPal), Google, and Apple Pay.

What are deposit and withdrawal fees?

There are no deposit fees on CEX.IO. However, withdrawal fees may vary and are charged depending on the payment method you have chosen and the amount you wish to withdraw. You will be able to see the overall amount before finishing withdrawals. Read more about our fees and commissions here.  

How many crypto pairs does CEX.IO support?

There are more than 200 crypto pairs you can trade on CEX.IO. However, since trading pairs are subject to international laws and jurisdictions, some of them may be unavailable in different areas. Check out the full list of restricted countries here.

Where can you buy The Graph?

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Trading Pairs

GRT
USDT

GRT-USDT

5.04%

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GRT
EUR

GRT-EUR

4.93%

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