We use cookies to personalise content and ads, provide social media features, and analyse our traffic. To learn more check our cookies policy.

Buy The Graph


About The Graph (GRT)

The Graph is an indexing protocol used to query data from public networks such as the Ethereum blockchain and the InterPlanetary File System (IPFS). 

GRT is the Graph network’s native (ERC-20) token. It’s used to incentivise a decentralised collective of computer (node) operators, called “indexers,” to process queries, staking GRTs along the way.

Founded in 2017 by American entrepreneur Yaniv Tal, the protocol gives users the ability to build and publish their own unique application programming interface (API) known as a “subgraph.” These subgraphs are used to retrieve blockchain data. The indexers validate information on the protocol by performing indexing and query services for specific subgraphs. 

The protocol’s heart and soul, subgraphs, and the unique API capabilities that they furnish, are growing in popularity in the decentralised finance (DeFi) space. APIs define interactions between multiple software intermediaries, allowing the heart and soul of DeFi – decentralised applications (dApps) – to interact and share information. 

When applied to crypto markets, subgraphs allow both application developers and ordinary consumers to retrieve real-time market data (transactions, transfers, proof of ownership, etc.), from dApps running on a public blockchain. These end-users utilise the Graph protocol’s own query language, GraphQL, to submit requests to the subgraph.

There are currently over 3,000 active subgraphs tracking data from Ethereum applications like AAVE, SNX, UNI, and BAL. Each subgraph features what’s known as a subgraph manifest that defines which smart contracts and blockchain events the API will index. The manifest also dictates how data will be mapped to the Graph’s centralised database from which the information can be queried. 

As the native coin, GRT is a means of coordinating the allocation of resources across the platform. GRT activity happens amongst three distinct entities on the platform: the indexers, which, as already mentioned, act as nodes; and two other types of users: delegators and curators. Both stake/direct GRT as a means of stoking and managing subgraph indexing activity. 

Curators can be application developers or data consumers. They signal to indexers which subgraphs they would like to have indexed. Curators “signal on” a subgraph by staking GRT to the API in question. By doing so, the curators receive a portion of the query fees. Fees rise in proportion with query volume, incentivizing curators to stake GRT to the highest quality data sources.

Delegators are individual users. They “delegate” their GRT stake to an indexer in exchange for a portion of the query fee that the indexer earns.

During the last half of 2020, the Graph network’s query volume (and associated fee revenue for all three types of users) rose ten-fold to more than 10 billion as of the end of December 2020.

What is the Price of GRT?

As of early February 2021, GRT is trading around $0.75 up over 100% in just roughly the first month of 2021. Since its mainnet launch, in mid-December 2020, the token has seen large fluctuations in its 24-hour trading volume, ranging from $3.1 billion shortly after launch to just under $80 million in mid-January. For a short period in December GRT was one of the top 10 most heavily traded cryptos in the world. There are currently 1.2 billion GRT in circulation, giving the token a market cap of $940 million, 46th globally.

The coin’s recent rally has coincided with a ten-fold increase in query volume. As web 3.0 expands, so will the need for a high-quality data indexing platform like The Graph, which puts GRT in a position to appreciate in the future. 

How to buy The Graph (GRT)

With Uphold, you can set up an account, verify your identity and buy crypto with ease.

Here is how:

1. Go to Uphold.com and click ‘Sign up’

2. Enter your email address, phone number and your personal details

3. Tell us how you plan to use Uphold and provide some basic financial information (e.g., employment status and source of funds)

4. Verify your identity by providing an ID document and taking a ‘selfie’

… and you’re off to the races!

Just start trading.

Open an Uphold account

You should be aware that the risk of loss in trading or holding cryptoassets can be very high. As with any asset, the value of cryptoassets can go up or down and there can be a substantial risk that you lose all your money buying, selling, holding or investing in cryptoassets. Our cryptoasset services are not within the scope of the UK Financial Ombudsman Service and your cryptoassets are not subject to protection under the UK Financial Services Compensation Scheme. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial condition.

Uphold Europe Limited (FRN: 900577) is registered under the Financial Conduct Authority’s Temporary Registration Regime for cryptoasset firms and complies with the Money Laundering, Terrorist Financing and Transfer for Funds (Information on the Payer) Regulations 2017 as amended. The purchase, sale and custody of cryptoassets is regulated by the FCA for anti-money laundering purposes but this does not indicate any approval by the FCA of Uphold’s cryptoasset activities. Uphold Europe Limited is also an EMD agent of Optimus Cards UK Limited which is authorised and regulated by the Financial Conduct Authority to issue e-money (FRN: 902034) pursuant to the Electronic Money Regulations 2011. 

The e-money services are regulated by the Financial Conduct Authority. E-money is not a deposit or investment account which means that your e-money will not be protected by the Financial Services Compensation Scheme. User funds will be held in a designated safekeeping account with a regulated financial institution. E-money will not earn any interest. Additional Risk Warning in Uphold’s Terms & Conditions.

This content is correct as of September 2021

Get more coin for your coin

0% withdrawal fees

Low spreads

Learn more