Token Name: The Graph
Symbol: GRT
Market Cap: $1,816,738,196 (source: COIN360)
Current Price: $0.190264
Maximum Supply: (GRT supply not capped) 10,000,000,000 GRT initially minted
Weekly Focus - The Graph (GRT) | Socrates Invest
The Graph ($GRT) is reshaping the decentralized data landscape by offering a protocol for indexing and querying blockchain data. It enables developers to easily access data from Ethereum, IPFS, and other blockchain networks, which is essential for building decentralized applications (dApps). This decentralized indexing protocol serves as the backbone for many prominent projects in the Web3 space.
Key Features:
Decentralized Indexing: The Graph indexes data across blockchain networks, making it easily queryable and accessible for decentralized applications.
Subgraphs: Developers create "subgraphs" to define the data they need from blockchain networks, making queries more efficient and tailored.
Protocol Economics: The GRT token is integral to the network’s economic structure. It is used by Indexers (nodes) to stake, which helps secure the network and earn rewards.
Staking and Delegation: Users can stake GRT tokens to earn rewards by supporting the network's decentralized indexing services, or delegate their tokens to trusted Indexers.
Decentralized Governance: GRT holders can participate in protocol governance, voting on proposals and upgrades that influence the future of The Graph ecosystem.
Scalable Infrastructure: By supporting multiple blockchain networks and providing developers with fast access to critical data, The Graph is designed to scale with the growing demands of Web3.
As Web3 continues to grow, The Graph is providing essential infrastructure to support a decentralized and transparent internet. Socrates Invest is here to guide you in evaluating the role of GRT and other digital assets in your portfolio, helping align your investments with your long-term financial goals.
This spotlight is for informational purposes only and does not constitute an offer to buy or sell any security or digital asset. Socrates Invest does not provide specific investment recommendations outside the context of our advisory services. Please reach out to an advisor to discuss your specific situation before making any investment decisions.
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