The Graph_ TOP CRYPTO WITH OVER 2,000% ATH POTENTIAL! GRT Coin News & Price Prediction

The Graph: TOP CRYPTO WITH OVER 2,000% ATH POTENTIAL! GRT Coin News & Price Prediction

00:00 Introduction 01:29 The Graph 02:03 Ecosystem overview ? 03:12 NEWS? 06:15 The Graph Price Prediction 06:40 My thoughts

The Graph GRT has witnessed remarkable growth in 2023. On a year-to-date (YTD) basis, its native token exploded 136% to $0.13. I am happy to say that we got in @ 0.065 and launched this video at thetime! The market cap has more than tripled in the same time period. The number of GRT tokens getting staked on the network was also continuously increasing.

But the main news are in the fundamentals. The Graph has experienced significant growth of the key ecosystem metrics during 2022 and the first quarter of 2023.

Often referred to as the ‘Google for blockchain data’, The Graph is an open-source, decentralized protocol for collecting, processing, and storing data from blockchain applications for easy information retrieval.

Ecosystem overview

Over the last five quarters There was a steady rise in the number of subgraphs in The Graph ecosystem. As of MAY 1st 807 active subgraphs were present, representing QoQ growth of more than 26%.

As more subgraphs got launched, the participation of Indexers, Delegators, and Curators increased. Indexers, who are critical in scaling The Graph’s network, recorded a 58% QoQ increase in their number.

The revenue from indexing rewards also surged 41% from the previous quarter. It should be noted that The Graph’s two primary sources of income are the indexing rewards and query fees collected from data users.

I am leading to the fact that The Graph is an integral part of the future of blockchain and is firmly held on the position of the market leader.

NEWS

This year The Graph Collaborates with Coinbase for Testnet Launch of New L2: Base.

The need to index data is inherent in the creation of L2, and The Graph solves for this need as it has with countless existing dapps, protocols, and chains in the web3 ecosystem. In fact, many of the web3 projects that will be supporting Base’s launch are already using The Graph.

The Graph currently supports indexing data from over 39 different networks including Ethereum, NEAR, Arbitrum, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, IPFS, Cosmos Hub and more networks coming soon.

To date, around 80,000+ subgraphs have been deployed on the hosted service. Tens of thousands of developers use The Graph for applications such as Uniswap, Synthetix, KnownOrigin, Art Blocks, Gnosis, Balancer, Livepeer, DAOstack, Audius, Decentraland, and many others.

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