The Graph (GRT): A Decentralized Indexing Protocol for Blockchain Data

The Graph (GRT) is a decentralized, open-source indexing protocol that gathers, processes, and stores data in a way similar to web search engines.

The Graph (GRT) is a decentralized indexing protocol that gathers, processes, and stores data in a way similar to web search engines like Google. It enables users to browse and interact with various blockchain ecosystems and their associated decentralized applications (dApps). The Graph supports at least 14 languages making it one of the most sought-after AI crypto tokens.

It has Subgraphs, which are specialized indices designed to improve data querying across multiple networks, including EVM-compatible blockchains and the InterPlanetary File System (IPFS). Subgraphs index all publicly available information globally, serving as a bridge between Web2 and Web3. This data can be stored, organized, and shared among applications, making it readily accessible for queries. Transactions are conducted using the protocol’s native token, GRT.

GRT has one of the largest token supplies in the AI sector, with a maximum supply of 10,799,004,319 tokens and around 9.5 billion tokens currently in circulation. Recently, the protocol has ventured into decentralized AI, introducing Agentc, an open-source ChatGPT-like tool.

Here is a summary of some key metrics for The Graph (GRT) as of March 2024:

- Market cap: $1,306,155,298

- Market price: $0.1368

- 24-hour trading volume: $65,333,334

- Price change in the last 24 hours: +6.8%

- 7-day price change: +23.3%

- All-time high price: $3.36 (reached in April 2021)

- Total value locked (TVL): not applicable (The Graph is a Layer-1 protocol)

- Number of active subgraphs: 1,123

- Number of protocols indexed: 33

- Number of decentralized applications (dApps) connected: 1,033

- Number of queries served: 44,333,333,333

- Average query cost: 0.000003 GRT

- Maximum token supply: 10,799,004,319 GRT

- Circulating token supply: 9,533,333,333 GRT

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