Buy The Graph (GRT)
What is The Graph?
The Graph is an indexing protocol designed to enable efficient data querying for networks such as Ethereum and IPFS. It functions as a fundamental component in the DeFi sector and the wider Web3 ecosystem, allowing developers to build applications that can access blockchain data with ease.
How does The Graph work?
The Graph operates as a decentralized indexing protocol, primarily designed for querying blockchain data. It uses GraphQL technology to facilitate data querying, allowing developers to create open APIs known as subgraphs. These subgraphs index blockchain data across multiple networks and enable applications to query this data efficiently. The protocol's network relies on a decentralized ecosystem of service providers—including Indexers, Curators, and Delegators—who maintain and supply the data within the network while earning fees through the staking of The Graph's native cryptocurrency, GRT.
What are the potential use cases for The Graph?
The Graph has multiple use cases across various industries, notably in:
- Decentralized Finance (DeFi): The Graph supports real-time data access for DeFi applications like Uniswap, Synthetix, and AAVE.
- NFT Marketplaces: It streamlines the creation and management of NFTs by providing efficient data querying capabilities.
- Web3 Development: The protocol serves as a foundational infrastructure that facilitates data retrieval for decentralized applications.
What is the history of The Graph?
The Graph was co-founded by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez, with its first prototype created in late 2017. It was officially launched in 2018 and has since achieved several milestones, including the introduction of its Hosted Service and Graph Explorer, a successful token sale in 2020, and the launch of its mainnet in December 2020. The Graph has expanded to support multiple blockchain networks and introduced The Graph Foundation to bolster ecosystem support. Its protocol now hosts thousands of subgraphs, significantly contributing to its increased adoption and prominence within the Web3 and DeFi landscape.
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Frequently Asked Questions (FAQs)
What is the current price of The Graph (GRT)?
The The Graph price is $0.28366877 AUD, representing a -2.98% from the day prior.
Where is the best place to buy The Graph (GRT) in Australia?
The best place to buy The Graph (GRT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell The Graph (GRT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of The Graph (GRT)?
The trading volume of The Graph (GRT) is $110.4M AUD in the last 24hrs, representing a -2.98% from the day prior.
How can I buy The Graph (GRT)?
The Graph (GRT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of The Graph (GRT)?
The current market cap of The Graph (GRT) is $2.7B AUD.
Can I convert The Graph (GRT) to cash?
Yes - With Coinstash you can convert your The Graph (GRT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many The Graph (GRT) are there?
The current circulating supply of The Graph (GRT) is 9.5B.
Is Coinstash a safe place to buy The Graph (GRT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling The Graph (GRT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.