The Graph Price

The Graph is a project focused on Web3 and aimed to make data on the blockchain more accessible to index and access. The GRT token could be a valuable addition to your crypto portfolio.

As more developers build and deploy dApps on leading blockchains, the need for faster performance becomes even more essential. While the underlying blockchain infrastructure can improve with time and offer higher throughput and scalability, dApps also need higher efficiency in accessing on-chain data.

Projects like The Graph can help make dApps more suitable for mainstream adoption. The upcoming Web3 wave can drive the demand for such services and support The Graph price.

The GRT price statistics could also boost as The Graph expands to support more blockchains in the future. This could further increase its adoption and raise the demand for GRT crypto.

Although it is impossible to offer an accurate GRT price prediction, several factors can influence The Graph price change:

Level of Adoption

Rising adoption of The Graph’s services by dApps can increase the value of GRT tokens. The price of The Graph could also trend higher as more indexers and curators join to participate in the decentralized network.

Expansion Into More Blockchain Ecosystems

As The Graph expands its reach and supports more blockchain networks in the future, its GRT token could turn even more valuable. The GRT price could make gains as The Graph announces support for new networks, increasing its reach and encouraging more dApps to use its services.

Market Sentiment

Bullish sentiment in the crypto market could encourage higher buying activity around GRT, increasing The Graph price. On the other hand, a risk-off mood or bearish sentiment weighing on the market could drive investors to sell their holdings and lower the GRT price.

GRT is the utility token for The Graph. Here are some of its uses:

Transaction Fees

GRT is used to pay query fees by dApps using The Graph’s indexing and querying services for essential data. In this manner, it functions as the native currency within the network.

Indexing Rewards

Indexers stake $GRT and receive rewards for indexing subgraph deployments on the network. Curators in the network can also earn GRT tokens for their contributions.

Staking

Delegators in The Graph can stake GRT to one or more indexers in the network. Even though delegators do not run a Graph Node themselves, the staking operations they contribute to can also help increase the overall security of The Graph Network. They receive rewards and can grow their GRT holdings by delegating their tokens.

Token Burning

Developers lock up GRT to boost indexing activities and query subgraphs for their work. In addition, GRT is also burned by subgraph developers whenever they upgrade a subgraph.

Crypto Asset to Trade and HODL

Trade The Graph against other crypto assets in the market to profit from changing market conditions and volatility. You can buy or sell GRT against other cryptocurrencies or hold it if you believe in the long-term potential of The Graph project. Check The Graph price today, GRT market cap, circulating supply, analyze The Graph price chart, and the latest crypto news before you trade GRT in the market.

Earn Passive Income on KuCoin

KuCoin lets GRT token holders grow their holdings risk-free and conveniently through our Crypto Lending service. Use this section to lend liquidity for GRT over seven days, 14 days, or 28 days, and earn attractive daily interest to generate passive income safely.

The Graph started on the Ethereum blockchain but has extended its support to multiple blockchain networks over the years. Its Hosted Service supports several other blockchains, including Near Protocol, Polygon, Celo, Avalanche, Fantom, and Harmony.

However, The Graph has announced that it will shut down its Hosted Service by the end of Q1 2023, withdrawing support for these networks. dApps will migrate to the decentralized Graph Explorer after this period.

The Graph’s decentralized network supports Ethereum. Beyond Ethereum, in August 2022, The Graph added Gnosis Chain to its decentralized blockchain indexing network - the replacement for its centralized Hosted Service offering.

You can stake $GRT by becoming a delegator on the network and delegating your tokens to one or more indexers. In addition to earning passive income, this action can help improve the overall security of The Graph network.

Here’s how to stake GRT:

1. Create an account on MetaMask and set up your wallet. Fund your MetaMask wallet with GRT tokens by buying The Graph on KuCoin or other supported platforms and withdrawing your tokens to your wallet.

2. Visit Graph Explorer and connect your MetaMask wallet to its interface.

3. Click on the Participants tab on Graph Explorer, and select Indexers to view all available indexers on The Graph.

4. Click the Delegate button against the indexer if you wish to delegate your GRT tokens.

5. Review the delegation parameters and enter the number of $GRT you want to delegate.

6. Click on the two buttons at the bottom to allow your GRT to be delegated and to confirm your delegation to the indexer.

7. After the transaction is confirmed, sit back, earn GRT, and grow your crypto holdings conveniently.