The Graph (GRT) arrives, and the exchanges fight

The Graph (GRT) arrives, and the exchanges fight to list it

The Graph is a big hit – Events are moving extremely fast at The Graph. A few days after the launch of the mainnet, crypto has climbed into the top 50 of cryptomonnages, following the addition on many exchanges.

The objective of this project is to create Bitcoin Trader a kind of search engine intended for public blockchains.

“The Graph allows developers to easily search, find, publish and use the public data they need to create decentralised applications, without having to rely on centralised servers and proprietary infrastructure. »

Announcement of The Graph

The project has been able to draw on various supports in the cryptosphere. Indeed, it raised $5 million in June and a further $12 million in October. Among the investors, we find big names such as Coinbase Venture or ParaFi Capital.

Many DeFi projects have already chosen to integrate The Graph. In particular we find the Cadors of DeFi, namely Uniswap, Synthetix, AAVE or Curve.

Shortly after the deployment on the mainnet, many exchange platforms in turn added the GRT token.

Coinbase, Binance, Kraken, Huobi, KuCoin and OKex. No platform was left behind.

Obviously, this massive listing has led to a significant increase in the GRT price. In the space of a few days, its market capitalisation reached $750 million, before dropping to $550 million at the time of writing.

As a result, the first investors recorded a 660 per cent capital gain between 17 and 20 December, when the share price rose from $0.10 to $0.77. The price of GRT’s shares rose from $0.10 to $0.77. The GRT price has since fallen back to around $0.44, according to CoinGecko data.