The Graph (GRT) Price

How Does The Graph Network Function?

The Graph (GRT) is a decentralized protocol that helps applications efficiently retrieve blockchain data. It works by using open APIs called "subgraphs" that collect and organize data on specific blockchains.

Subgraphs

Think of subgraphs as mini-databases that are continually updated with blockchain data. These subgraphs are created by developers who carefully define the data they want to track and make it available through The Graph's network.

IPFS

To store and distribute this data, The Graph utilizes a technology called IPFS (InterPlanetary File System). IPFS allows for decentralized storage and retrieval of information, ensuring that the data remains accessible even if other components of the system go offline.

GraphQL

Now comes the interesting part: querying the data. The Graph uses a powerful query language called GraphQL. The Graphql query language enables developers to request specific data from the subgraphs in a highly efficient way. It's like asking a question to the subgraphs and receiving a precise response.

By combining subgraphs, IPFS, and GraphQL, The Graph provides a decentralized protocol that simplifies data retrieval from distributed ledgers. It empowers developers to access blockchain data easily and build decentralized applications on top of it.

Who Participates in the Graph (GRT) Network?

The Graph Network is powered by the GRT token, which plays a crucial role in coordinating data providers and consumers within the decentralized protocol. GRT serves as a utility token that incentivizes participants to organize data effectively and enables easy access to blockchain data.

There are four main participants in the Graph Network:

Delegators

Delegators in The Graph protocol (GRT) delegate their tokens to Indexers, who are responsible for curating and indexing data from various blockchain networks. Delegators are involved in securing the network and receive a portion of the rewards earned by indexers in return for their delegation.

Curators

Curators within The Graph (GRT) decentralized indexing protocol help ensure the quality and efficiency of the data indexed on the network. They evaluate and signal which subgraphs are trustworthy, accurate, and reliable, providing users with reputable data sources.

Developers

Developers play a vital role in building and querying subgraphs to retrieve blockchain data. They can create their own subgraphs or query existing ones.

Indexers

Indexers serve as node operators of the Graph network, being responsible for independent hardware and software. An Indexer must stake GRT to provide indexing and query processing services and then earn GRT for their contribution.

They earn GRT rewards in two ways: query fees and indexing rewards. Query fees are paid by developers and users for subgraph data queries. Indexing rewards are earned from the annual token issuance based on the number of subgraphs a Graph node operator indexes.

What is The Graph Ecosystem?

Delegators, curators, developers, and indexers are major participants of the Graph ecosystem, playing different roles and earning rewards for their efforts. However, common users, without technical expertise or familiarity with blockchains, can also contribute and benefit. You can get involved in a number of ways, including network participation, protocol development, web3 evangelism, event organizing, and much more.

What Is the GRT Token?

GRT is The Graph's work utility token. GRT serves as an economic incentive to reward network participants for their contributions to the network.

If you are wondering how many the Graph (GRT) coins will ever exist, the total GRT supply GRT is set at 10 billion and a circulating supply of 9.36B GRT coins. The crypto asset also comes with a 3% annual issuance to reward Indexers.

The GRT token also features various burning mechanisms to offset the new token issuance. Approximately 1% of the token supply is burned annually through activities, such as delegation taxes, curation taxes, and 1% of query fees.

A slashing mechanism is also implemented to penalize malicious behavior by Indexers, with slashed rewards and self-stake being burned.

The latest data on the Graph price is provided through the chart above.

Who Created The Graph (GRT)?

The Graph was created in 2018 by Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann.

Yaniv Tal, the project lead, has a background in software engineering and worked at companies like Red Hat and Symantec.

Brandon Ramirez, the research lead, has expertise in distributed systems and previously worked at Google and Palantir.

Jannis Pohlmann, the tech lead, has a strong background in computer science and was a core developer at the Ethereum Foundation.

What Is the Graph Price Today?

The Graph GRT project makes it possible to index and query data from blockchain systems, and it is powered by the GRT crypto asset.

Changelly provides an interactive Graph chart reflecting the live GRT Network-USD price with real-time updates and full GRT price statistics. Our GRT price chart includes the latest data, such as the market cap of the Graph (GRT), its trading volume, and recent price changes.

Also, you can view the GRT price history through the chart above. It shows the current price of Graph, along with the all-time low and all-time high price points of the Graph Network cryptocurrency. For example, the highest price paid for the Graph token is $2.88, while the lowest price paid for the Graph token is $0.00. The average price the Graph coin is traded today is $0.15.

Our Graph price prediction offers insights into future performance based on the fundamental and technical analysis of the Graph cryptocurrency.

Yet, our GRT forecast is not guaranteed because the crypto market is highly volatile, and various factors may affect crypto prices. These include market sentiment, regulatory changes, technological advancements to the GRT platform, and more. Conduct thorough research of the crypto asset and follow the Graph news before you buy the Graph coin.

Along with offering the live Graph price statistics, our cryptocurrency exchange platform also facilitates effortless GRT coin swaps and purchases with fiat currencies, such as the United States dollar, euro, and more.

This text is for informational purposes only and doesn't provide investment advice.