The new T+3 BNB/USDT options will have a trading lifetime of three days.
The The Graph price is $0.09, a change of 1.02% over the past 24 hours as of 6:22 a.m. The recent price action in The Graph left the tokens market capitalization at $816,671,315.87. So far this year, The Graph has a change of 61.17%. The Graph is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).
GRT is the native token of The Graph, an indexing protocol for organizing blockchains built on the Ethereum network using the ERC-20 standard. In order to ensure the integrity of queried data, participants in The Graph ecosystem use GRT to allocate resources necessary for the indexing and curation services of the network.
The Graph’s price then struggled to retain its previous highs over subsequent months, fluctuating in the $0.60-$1.10 range throughout the remainder of the summer and into the fall.
GRT follows the work token model, meaning that it lets network users earn GRT in proportion to their work on the platform or the amount of GRT they stake. At the time of the mainnet launch of The Graph, 10 billion GRT were in circulation. From 10 billion, new tokens are issued through indexing rewards at a rate of 3% annually (subject to independent technical governance). Token burns are also subject to technical governance, but are expected to be around 1% of query fees and all deposit taxes.
GRT’s tokenomics system is developed through the work of its network participants. There are four main positions for users to participate in The Graph network:
The Graph is a decentralized protocol for indexing and querying blockchain data available on the Ethereum, POA and InterPlanetary File System (IPFS) networks. Blockchains lack the functionality to let users query and read on-chain data.
To solve that problem, The Graph indexes blockchain data for users to query data using the GraphQL API. Because The Graph is an open-source project, its users are able to use the GraphQL API to publish their own open APIs (“subgraphs”) for more efficient blockchain queries. Some decentralized applications (dapps) that have developed their own subgraphs include CoinGecko, Decentraland, Instadapp, Synthetix and Uniswap.
The Graph was co-founded by Yaniv Tal, Jannis Pohlmann and Brandon Ramirez in 2017. The three had a mutual desire to build software faster. On June 5, 2018, the founding team launched their decentralized query protocol for blockchains. Developers of decentralized finance (DeFi) projects quickly took to The Graph and the project reached one billion monthly queries by June 2020.
The Graph raised $5 million in a token sale later that month, with Coinbase Ventures, Framework Ventures and CoinDesk parent company Digital Currency Group among its investors.
Following the official launch of its mainnet in December 2020, The Graph has continued to create tools for developing decentralized applications for both layer 1 and layer 2 blockchain protocols.
Both protocols have seen their tokens drop more than ether in daily trading as the next unlocks inch closer.
Ethereum's daily total fees fell to 1,719 ETH ($2.8 million) on Sunday, the lowest single-day total since Dec. 26.
Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period.
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