The Graph Price Chart Update [GRT]

The GRT price update as of now is $0.2738. In the previous 24 hours, its trading volume was $100,120,737, and its value has decreased by -3.52%. As of now, GRT's live market cap is $2,596,257,774, and it is ranked as the #43 on the Coincu. GRT has a circulating supply of 10,797,322,913 and a maximum supply of 10,797,322,913.

The Graph: A Game-Changing Protocol The Graph is a groundbreaking protocol that revolutionizes the way data from various blockchains, particularly Ethereum, is indexed and queried. Through the use of open APIs called subgraphs, developers can effortlessly access on-chain data that has been meticulously indexed by a dedicated network of node operators. These subgraphs, which are open source, enable anyone to leverage the APIs and build decentralized applications. Leading Ethereum applications such as Audius, Uniswap, Opyn, ENS, DAOstack, Synthetix, and Moloch have wholeheartedly embraced subgraphs and rely on them extensively. The Graph's Remarkable Journey The Graph has witnessed a remarkable journey, with the collective contributions of over 20,000 developers across more than 20 chains. As a result, it has successfully decentralized the query and API layer of Web 3. This breakthrough eliminates a common challenge faced by dApp developers, as they no longer have to choose between building a performant application and maintaining true decentralization. Exploring the Inner Workings of The Graph At the heart of The Graph's operation are subgraph manifests, which serve as descriptive blueprints for indexing Ethereum data. These manifests outline the relevant smart contracts associated with a subgraph, the events within those contracts that demand attention, and the mapping of event data to be stored in The Graph's highly efficient database. Once a subgraph manifest is written, it is stored in IPFS using the Graph CLI. This triggers the indexer to activate and commence indexing data for the corresponding subgraph. The following diagram provides a detailed overview of the data flow once a subgraph manifest is deployed, with a particular focus on Ethereum transactions: The flow can be summarized as follows: A decentralized application triggers a transaction on a smart contract, resulting in data being added to Ethereum. During transaction processing, the smart contract emits one or more events. Graph Node diligently scans Ethereum for new blocks and identifies any pertinent data for the subgraph. Graph Node locates Ethereum events associated with the subgraph and executes the provided mapping handlers. These mapping handlers, implemented as WASM modules, enhance or update the data entities stored by Graph Node in response to Ethereum events. The decentralized application retrieves indexed data from the Graph Node by utilizing its GraphQL endpoint. The Graph Node then translates these GraphQL queries into queries for its underlying data store, leveraging the indexing capabilities of the store to fetch the requested data. The decentralized application presents this data through a user-friendly interface, allowing end-users to issue new transactions on Ethereum. This cycle repeats as necessary.