The GRT token of the index agreement The Graph exceeded the market capitalization of $1 billion again on Sunday, according to CoinMarketCap. The surge reflects the site's significant ecosystem improvement in 2022, especially in the fourth quarter.
After plummeting in the second half of 2022, tokens soared in early 2023, trading at about $0.13 at this stage, up 55% in the past seven years. GRT's market capitalization once exceeded $5 billion, but GRT's market capitalization spiralled as the wider password industry plummeted at the end of 2021.
Graph avoids the need for data customers such as APP developers to expand complex infrastructure in order to collect data on the chain. At this stage, it is suitable for indexing data from 26 different blockchain systems, including Ethernet Fong, Jin, Litigation, cheerful, Polygon, landslide, Celo, Fantom, MoonBeam and IPFS.
According to an Messari report on the agreement in February, the two main sources of income for the project are inflation index incentives for inquiry fees charged by customers.
According to the report, GRAP's query fee income grew by 66 per cent in the fourth quarter of 2022 from a year earlier (in dollar terms, this is equivalent to a 5 per cent quarter-on-quarter increase and a 265 per cent year-on-year increase). The report also mentioned that query fees should continue to increase as more subgraphs are transferred to Mainnet in the near future.
Some investment analysts also attribute GRT's rebound to its token link to artificial intelligence (AI), which has been soaring recently because of the utility of ChatGPT. According to the ranking of "extremely valuable AI and big data data encryption projects and tokens" published by CoinMarketCap, GRAPH is the leading service platform with market capitalization at this stage. "I think it has something to do with the rebound of artificial intelligence stocks, because of the utility of small talk," said Pablo Jodar, an investment analyst with GenTwo's login password.
The site raised $50 million in a financing round led by Tiger Worldwide in January 2022.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023