The Graph (GRT) - a cryptocurrency that feeds DeFi

When the project capitalization rises to $ 500 million two days after the project is launched, you can expect it to be a classic "push-up". Today - after 9 months - The Graph (GRT) however, it already has over $ 3bn in capitalization, so it is clear that it was not pumping an empty cryptocurrency that is only highly speculative in nature. What is the help of The Graph project and why it was so quickly trusted by the largest companies from blockchain industry? We check.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Now it's time for The Graph (GRT) - a project that allows for effective access to blocks without the need to program your own servers. Sounds complicated? Because it is a bit like that, which is why not everyone quickly appreciated the potential of the project. 

The Beginnings of The Graph (GRT)

The Graph (GRT) is a protocol based on Ethereum. Previously, developers were unable to extract high-quality data from blockchains in a decentralized manner. The Graph allows it thanks to its own indexing servers. What does it change?

Users can access data in the blockchain in which GRT stacking node operators operate. 

How The Graph works

In essence, The Graph is an indexing protocol that generates queries over networks like Ethereum and IFPS. The user can create his own API interfaces in which he will save the data of interest to him in a readable, easy to sort and find way. You can even collect all available data in them, sorted in any way invented by the user.  

Importantly, we not only have access to them, but also the ability to further share them in applications. It only takes a few clicks and the operation of the entire interface is very intuitive, which is praised by users.

So you no longer need to use your own indexing servers, which previously had to be properly programmed, which of course resulted in higher costs. All the work will be done by The Graph, and reading the data will be quick, easy and secure.  

In short - the project meets the real needs of users and is already used today by, for example, a whole host of decentralized financial projects (DeFi) from the very top of the blockchain world. Among them, you can mention such big names as, for example, cryptocurrency exchanges Uniswap (UNI), a derivative trading platform Synthetix (SNX) or the loan protocol Aave.

The Graph (GRT) cryptocurrency

Of course, settlements take place in a dedicated The Graph (GRT) token, which quickly became very popular. It debuted on December 18, 2021, and less than two days later, GRT's market capitalization increased from $ 165 million to $ 520 million. Within 48 hours, the price of the token increased by up to 321%. However, it was only an announcement of further increases, because since then it has increased its valuation even tenfold. 

He is considered by many to be the undisputed star of the stage DeFi, as well as one of those projects that give real value and a chance for above-average earnings in both the shorter and longer periods of time.

Cryptocurrency quotes

As of August 20, 2021, the token is already listed on the 28th Cryptocurrency exchanges from around the world. 2 of the target 897 units are traded at $ 903. This translates into a capitalization of over $ 422 billion. The GRT peak was on December 10, 000, when each token was paid $ 000.