GRT
GRT

The Graph price

$0.082410
-$0.00195
(-2.32%)
Price change for the last 24 hours
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The Graph market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
$786.70M
Circulating supply
9,548,531,509 GRT
88.51% of
10,788,004,319 GRT
Market cap ranking
57
Audits
CertiK
Last audit: --
24h high
$0.085060
24h low
$0.079480
All-time high
$2.8900
-97.15% (-$2.8076)
Last updated: Feb 12, 2021
All-time low
$0.051700
+59.40% (+$0.030710)
Last updated: Nov 22, 2022

GRT calculator

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The Graph price performance in USD

The current price of The Graph is $0.082410. Over the last 24 hours, The Graph has decreased by -2.31%. It currently has a circulating supply of 9,548,531,509 GRT and a maximum supply of 10,788,004,319 GRT, giving it a fully diluted market cap of $786.70M. At present, the The Graph coin holds the 57 position in market cap rankings. The The Graph/USD price is updated in real-time.
Today
-$0.00195
-2.32%
7 days
-$0.02089
-20.23%
30 days
-$0.02289
-21.74%
3 months
-$0.15819
-65.75%

About The Graph (GRT)

3.8/5
CyberScope
4.3
04/03/2025
TokenInsight
3.4
03/27/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

The Graph is an indexing protocol that allows blockchain applications like Ethereum and IPFS to collect, process, and retrieve data verifiably. The open-source protocol makes it easier for developers to build and publish open APIs called subgraphs. GRT is the name and ticker symbol of its native token.

The Graph collects, analyzes, and sorts blockchain data using Graph nodes. Graph nodes are responsible for constantly scanning blocks and smart contracts on the blockchain. When applications add new data to the blockchain, Graph nodes categorize the information into their respective subgraphs. End users can then search for relevant data within subgraphs.

By enabling decentralized finance (DeFi) applications to communicate with each other quickly and securely, The Graph solves problems such as chain reorganization and query fulfillment capacity. Some of the most popular decentralized applications (DApps) leveraging the indexing mechanism of The Graph are AAVE, Curve DAO, and Uniswap.

How does GRT work?

What sets The Graph apart is how it involves GRT tokens at each stage of the indexing process. The Graph relies on four separate network participants: indexers, curators, delegators, and consumers. These four network actors are vital to running the open-source protocol and are as follows.

Indexers act as the node operators of The Graph. Indexers can stake GRT on the platform and run a Graph Node. Their primary function is to provide indexing services to signaled subgraphs. This process rewards indexers with GRT tokens, who can also set their own fees for providing indexing services. Indexers compete with other indexers to ensure a quality service.

Curators are responsible for ensuring the quality of the services provided by indexers:

  • They assess which subgraphs offer accurate data.
  • Curators use their GRT tokens to signal which subgraphs are worth indexing.
  • Curators receive rewards directly proportional to the popularity of signaled subgraphs.

Delegators assist in securing the network by delegating their GRT tokens to indexers. This helps Graph nodes to fulfill their indexing services. In return, delegators receive GRT tokens rewards from indexers in proportion to their delegation.

Consumers are the end-users of The Graph protocol. They can be individuals submitting queries to retrieve information or developers and blockchain DApps like Uniswap that require services from The Graph. Consumers are required to pay GRT tokens to submit questions and pull blockchain data, helping to stabilize the price of GRT.

Apart from its extensive usage on the Ethereum network, The Graph is also planning to explore the Web3 ecosystem. If the platform becomes blockchain agnostic, The Graph can enable a Google-like search for all distributed ledgers in the ecosystem.

GRT price and tokenomics

GRT has a total supply of 10 billion, and 3% will be issued as indexing rewards every year. Therefore, the circulating supply of GRT tokens is roughly 6.9 billion, representing 69% of the total supply. Tokens are burnt through various mechanisms to maintain deflationary effects and facilitate a GRT price appreciation. One such method includes depositing tax for curators and delegators.

The Graph conducted two separate funding rounds in 2020. The first round was completed in June and was aimed at private investors. This round raised $7.5 million for the ongoing development of The Graph. The second round was a public initial coin offering (ICO) that raised an additional $12 million.

The community and early backers of the project received almost 50% allocation of the overall distribution. 23% was distributed to the team and advisors, while the remaining was distributed between Edge & Node (the initial team of Graph) and strategic investors.

GRT tokens also feature a constant emission schedule, which dictates that new tokens will be issued and added to the circulating supply via indexing rewards. Indexing rewards are paid to network participants who agree to lock up their GRT tokens to power The Graph and ensure that subgraphs are accurately indexed. Indexing rewards are also paid to delegators depending on how many GRT tokens they've staked to a selected indexer.

About the founders

The Graph was founded by Yaniv Tal, Brandon Ramirez, and Jannis Pohlman, who served as project, research, and tech leads. Tal, Ramirez, and Pohlmann come from various engineering backgrounds but have a history of working together for over five years. Their previous project, Datomic, successfully designed a custom framework for an immutable database. The Graph's initial vision of creating immutable APIs and data access tools using the QueryQL programming language was born from this project. The mainnet launch of The Graph's services was realized when the platform was deployed on the Ethereum network on Dec 17, 2020.

Today, The Graph team comprises experienced members from prestigious backgrounds in the cryptocurrency industry, such as The Ethereum Foundation, OpenZeppelin, and Decentraland. In the spirit of decentralization, over 20,000 developers have contributed to expanding the network of subgraphs within The Graph's platform. The last funding round for The Graph occurred in the second quarter of 2020. The company raised $5 million from several strategic investors, including Framework, ParaFi Capital, Digital Currency Group, CoinIX, Tally Group, and Coinbase Ventures. The year before, Multicoin Capital and DTC Capital led the seed round, raising $2.5 million.

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The Graph FAQ

What is GRT?

The Graph protocol is the intermediary communication channel that sends verified blockchain data to decentralized applications. In addition, it handles data retrieval, mapping responses to smart contract transactions, and delivering organized data to end-users. The Graph also saves data and time for developers through its efficient data feeds. GRT is the name and ticker of the platform's native token.

How does GRT work?

The first step starts with scanning Ethereum blocks for new data using the Graph node. After scanning, the events are defined into subgraphs, and the Node is responsible for filtering events related to the user's queries. The high-quality subgraphs are then indexed by indexers and presented to the end-user using GraphQL. It acts as the main link between blockchain data and decentralized applications.

Where can I buy GRT?
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Easily buy GRT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include GRT/USDT, GRT/USDC, and GRT/BTC.

You can also buy GRT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for GRT with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into GRT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

</where>

Easily buy GRT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include GRT/USDT, GRT/USDC, and GRT/BTC.

You can also buy GRT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for GRT with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into GRT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Is GRT an inflationary cryptocurrency?
Yes, GRT is an inflationary cryptocurrency with a constantly increasing supply. New GRT tokens are added to the circulating supply through indexing rewards at an inflation rate of 3% per year.
Can I swap other cryptocurrencies for GRT?
If you want to swap some of your other cryptocurrency holdings for GRT, visit our convenient "Convert" page. This helpful feature allows you to instantly exchange popular cryptocurrencies like BTC, ETH, or USDT for GRT at the best available price.
How much is 1 The Graph worth today?
Currently, one The Graph is worth $0.082410. For answers and insight into The Graph's price action, you're in the right place. Explore the latest The Graph charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as The Graph, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as The Graph have been created as well.
Will the price of The Graph go up today?
Check out our The Graph price prediction page to forecast future prices and determine your price targets.

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ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Graph Token
Consensus Mechanism
Graph Token is present on the following networks: arbitrum, ethereum. Arbitrum is a Layer 2 solution on top of Ethereum that uses Optimistic Rollups to enhance scalability and reduce transaction costs. It assumes that transactions are valid by default and only verifies them if there's a challenge (optimistic): Core Components: • Sequencer: Orders transactions and creates batches for processing. • Bridge: Facilitates asset transfers between Arbitrum and Ethereum. • Fraud Proofs: Protect against invalid transactions through an interactive verification process. Verification Process: 1. Transaction Submission: Users submit transactions to the Arbitrum Sequencer, which orders and batches them. 2. State Commitment: These batches are submitted to Ethereum with a state commitment. 3. Challenge Period: Validators have a specific period to challenge the state if they suspect fraud. 4. Dispute Resolution: If a challenge occurs, the dispute is resolved through an iterative process to identify the fraudulent transaction. The final operation is executed on Ethereum to determine the correct state. 5. Rollback and Penalties: If fraud is proven, the state is rolled back, and the dishonest party is penalized. Security and Efficiency: The combination of the Sequencer, bridge, and interactive fraud proofs ensures that the system remains secure and efficient. By minimizing on-chain data and leveraging off-chain computations, Arbitrum can provide high throughput and low fees. The Ethereum network uses a Proof-of-Stake Consensus Mechanism to validate new transactions on the blockchain. Core Components 1. Validators: Validators are responsible for proposing and validating new blocks. To become a validator, a user must deposit (stake) 32 ETH into a smart contract. This stake acts as collateral and can be slashed if the validator behaves dishonestly. 2. Beacon Chain: The Beacon Chain is the backbone of Ethereum 2.0. It coordinates the network of validators and manages the consensus protocol. It is responsible for creating new blocks, organizing validators into committees, and implementing the finality of blocks. Consensus Process 1. Block Proposal: Validators are chosen randomly to propose new blocks. This selection is based on a weighted random function (WRF), where the weight is determined by the amount of ETH staked. 2. Attestation: Validators not proposing a block participate in attestation. They attest to the validity of the proposed block by voting for it. Attestations are then aggregated to form a single proof of the block’s validity. 3. Committees: Validators are organized into committees to streamline the validation process. Each committee is responsible for validating blocks within a specific shard or the Beacon Chain itself. This ensures decentralization and security, as a smaller group of validators can quickly reach consensus. 4. Finality: Ethereum 2.0 uses a mechanism called Casper FFG (Friendly Finality Gadget) to achieve finality. Finality means that a block and its transactions are considered irreversible and confirmed. Validators vote on the finality of blocks, and once a supermajority is reached, the block is finalized. 5. Incentives and Penalties: Validators earn rewards for participating in the network, including proposing blocks and attesting to their validity. Conversely, validators can be penalized (slashed) for malicious behavior, such as double-signing or being offline for extended periods. This ensures honest participation and network security.
Incentive Mechanisms and Applicable Fees
Graph Token is present on the following networks: arbitrum, ethereum. Arbitrum One, a Layer 2 scaling solution for Ethereum, employs several incentive mechanisms to ensure the security and integrity of transactions on its network. The key mechanisms include: 1. Validators and Sequencers: o Sequencers are responsible for ordering transactions and creating batches that are processed off-chain. They play a critical role in maintaining the efficiency and throughput of the network. o Validators monitor the sequencers' actions and ensure that transactions are processed correctly. Validators verify the state transitions and ensure that no invalid transactions are included in the batches. 2. Fraud Proofs: o Assumption of Validity: Transactions processed off-chain are assumed to be valid. This allows for quick transaction finality and high throughput. o Challenge Period: There is a predefined period during which anyone can challenge the validity of a transaction by submitting a fraud proof. This mechanism acts as a deterrent against malicious behavior. o Dispute Resolution: If a challenge is raised, an interactive verification process is initiated to pinpoint the exact step where fraud occurred. If the challenge is valid, the fraudulent transaction is reverted, and the dishonest actor is penalized. 3. Economic Incentives: o Rewards for Honest Behavior: Participants in the network, such as validators and sequencers, are incentivized through rewards for performing their duties honestly and efficiently. These rewards come from transaction fees and potentially other protocol incentives. o Penalties for Malicious Behavior: Participants who engage in dishonest behavior or submit invalid transactions are penalized. This can include slashing of staked tokens or other forms of economic penalties, which serve to discourage malicious actions. Fees on the Arbitrum One Blockchain 1. Transaction Fees: o Layer 2 Fees: Users pay fees for transactions processed on the Layer 2 network. These fees are typically lower than Ethereum mainnet fees due to the reduced computational load on the main chain. o Arbitrum Transaction Fee: A fee is charged for each transaction processed by the sequencer. This fee covers the cost of processing the transaction and ensuring its inclusion in a batch. 2. L1 Data Fees: o Posting Batches to Ethereum: Periodically, the state updates from the Layer 2 transactions are posted to the Ethereum mainnet as calldata. This involves a fee, known as the L1 data fee, which accounts for the gas required to publish these state updates on Ethereum. o Cost Sharing: Because transactions are batched, the fixed costs of posting state updates to Ethereum are spread across multiple transactions, making it more cost-effective for users. Ethereum, particularly after transitioning to Ethereum 2.0 (Eth2), employs a Proof-of-Stake (PoS) consensus mechanism to secure its network. The incentives for validators and the fee structures play crucial roles in maintaining the security and efficiency of the blockchain. Incentive Mechanisms 1. Staking Rewards: Validator Rewards: Validators are essential to the PoS mechanism. They are responsible for proposing and validating new blocks. To participate, they must stake a minimum of 32 ETH. In return, they earn rewards for their contributions, which are paid out in ETH. These rewards are a combination of newly minted ETH and transaction fees from the blocks they validate. Reward Rate: The reward rate for validators is dynamic and depends on the total amount of ETH staked in the network. The more ETH staked, the lower the individual reward rate, and vice versa. This is designed to balance the network's security and the incentive to participate. 2. Transaction Fees: Base Fee: After the implementation of Ethereum Improvement Proposal (EIP) 1559, the transaction fee model changed to include a base fee that is burned (i.e., removed from circulation). This base fee adjusts dynamically based on network demand, aiming to stabilize transaction fees and reduce volatility. Priority Fee (Tip): Users can also include a priority fee (tip) to incentivize validators to include their transactions more quickly. This fee goes directly to the validators, providing them with an additional incentive to process transactions efficiently. 3. Penalties for Malicious Behavior: Slashing: Validators face penalties (slashing) if they engage in malicious behavior, such as double-signing or validating incorrect information. Slashing results in the loss of a portion of their staked ETH, discouraging bad actors and ensuring that validators act in the network's best interest. Inactivity Penalties: Validators also face penalties for prolonged inactivity. This ensures that validators remain active and engaged in maintaining the network's security and operation. Fees Applicable on the Ethereum Blockchain 1. Gas Fees: Calculation: Gas fees are calculated based on the computational complexity of transactions and smart contract executions. Each operation on the Ethereum Virtual Machine (EVM) has an associated gas cost. Dynamic Adjustment: The base fee introduced by EIP-1559 dynamically adjusts according to network congestion. When demand for block space is high, the base fee increases, and when demand is low, it decreases. 2. Smart Contract Fees: Deployment and Interaction: Deploying a smart contract on Ethereum involves paying gas fees proportional to the contract's complexity and size. Interacting with deployed smart contracts (e.g., executing functions, transferring tokens) also incurs gas fees. Optimizations: Developers are incentivized to optimize their smart contracts to minimize gas usage, making transactions more cost-effective for users. 3. Asset Transfer Fees: Token Transfers: Transferring ERC-20 or other token standards involves gas fees. These fees vary based on the token's contract implementation and the current network demand.
Beginning of the period to which the disclosure relates
2024-04-02
End of the period to which the disclosure relates
2025-04-02
Energy report
Energy consumption
1635.75753 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) arbitrum, ethereum is calculated first. Based on the crypto asset's gas consumption per network, the share of the total consumption of the respective network that is assigned to this asset is defined. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

GRT calculator

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