The Graph (GRT) stands as a foundational indexing protocol within the decentralized Web3 ecosystem, empowering developers and data consumers to efficiently access blockchain data. Its innovative architecture streamlines the process of querying information from various decentralized applications, effectively acting as a “Google for blockchains.” The native GRT token plays a crucial role in incentivizing network participants, ensuring data accuracy and availability, and facilitating the protocol’s operations.
Understanding The Graph’s Core Functionality
The Graph protocol is designed to provide competitive and cost-efficient access to decentralized datasets. Key to its operation are subgraphs, which are open APIs that organize and serve blockchain data to a diverse range of users, from application developers to individual data consumers. The network boasts impressive statistics, including over 100 indexer nodes, trillions of served queries, and more than 70,000 hosted projects. The GRT token serves as the primary incentive mechanism, rewarding indexers, curators, and delegators for their contributions to maintaining the network’s integrity and data organization.
| Metric | Value |
|---|---|
| Current Price | $0.0910 (-1%) |
| Market Cap | $913.33M |
| Trading Volume (24 Hour) | $30.17M |
| Circulating Supply | 9.85B GRT |
| All-Time High | $2.88 (Feb 12, 2021) |
Recent Market Dynamics
Current analysis indicates a prevailing bearish sentiment for GRT, with its price having experienced a decline to approximately $0.0910 recently. Over the last 24 hours, the cryptocurrency shed 1% of its value, correcting from prior upside movements. Technical indicators, such as the increasing distance between Bollinger Bands on the daily chart, signal heightened market volatility, suggesting a potential for significant price shifts. The Relative Strength Index (RSI) hovering around 40.31 suggests that while bearish pressure is present, there might still be room for a market reversal if buying interest returns.
Investment Considerations and Long-Term Outlook
The Graph offers robust data indexing solutions that rival traditional Web2 data services in efficiency and cost. However, like many cryptocurrencies, GRT’s price remains susceptible to broader market trends and high volatility. While current sentiment leans bearish, long-term projections often point towards potential growth. Investors are strongly advised to conduct thorough personal research and seek professional financial advice before committing to this volatile cryptocurrency market. Analysts generally anticipate GRT’s price to exceed $0.5 by 2029. However, reaching the $1 mark by 2031, or $10 in the next decade, appears less likely based on current forecasts. The long-term future of GRT is generally viewed positively, contingent on continued market adoption and regulatory stability.
Ecosystem Developments and Partnerships
The Graph project continues to expand its utility and integration within the Web3 space. Recently, The Graph announced that developers building on Swell Network IO can now leverage blockchain data using Subgraph Studio, enabling a wide range of functionalities from on-chain coordination to AI-powered decentralized applications.
Welcome to The Graph, @swellnetworkio 🌊
Developers building on Swell can now query blockchain data using Subgraph Studio, powering everything from onchain coordination to AI-enabled dapps.
Start building on Swell in Subgraph Studio today 🏗️ https://t.co/oYFpuPKU66
— The Graph (@graphprotocol) June 6, 2025
Furthermore, The Graph’s Token API Beta now provides real-time NFT sales and trade data, offering insights into NFT values per wallet, recent sales across collections, and 24-hour floor prices.
The Graph Token API Beta now delivers real‑time NFT sales & trade data 🔥
• NFT values per wallet
• Latest sales per item & across collections
• 24h floor price + total volumePerfect for dashboards, explorers, AI agents & more.
Docs & quick‑start 👇 https://t.co/gFhHPkfWNs
— The Graph (@graphprotocol) June 4, 2025
The Graph (GRT) Price Forecasts (2025-2031)
Market analysts and various platforms provide projections for GRT’s future price trajectory. These forecasts, while subject to market volatility and unforeseen events, offer a glimpse into potential long-term trends.
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
|---|---|---|---|
| 2025 | 0.0605 | 0.141 | 0.169 |
| 2026 | 0.207 | 0.235 | 0.264 |
| 2027 | 0.301 | 0.330 | 0.358 |
| 2028 | 0.396 | 0.424 | 0.452 |
| 2029 | 0.490 | 0.518 | 0.547 |
| 2030 | 0.584 | 0.613 | 0.641 |
| 2031 | 0.679 | 0.707 | 0.735 |
For June 2025, the price is anticipated to range between $0.0641 and $0.132, averaging at $0.102. Broader 2025 forecasts suggest a recovery, with GRT possibly trading between $0.0605 and $0.169, averaging around $0.141. By 2031, projections indicate GRT could reach a high of $0.735, with an average price around $0.707.
External analyses from platforms like DigitalCoinPrice and CoinCodex also offer similar optimistic views for the coming years, forecasting averages of $0.20-$0.254 for 2025 and $0.23-$0.233 for 2026.
The Graph’s Historical Price Performance
The Graph was launched on the Ethereum blockchain in 2018 by Yaniv Tal, Brandon Ramirez, and Jennus Pohlman. It successfully conducted private and public token sales in 2020, raising $5 million and $12 million respectively, with GRT tokens initially selling for $0.03. The mainnet went live in December 2020. A significant funding round in January 2021, led by Tiger Global Management, raised an additional $50 million.
GRT experienced its most notable price surge in 2021, achieving an all-time high of $2.88 on February 12, 2021. Following this peak, GRT’s price consistently traded below $0.7 in subsequent years, dropping below $0.2 in 2023. In 2024, GRT saw a high of $0.45 in March before declining to $0.1280 in August, with a brief spike to $0.1767, eventually closing the year at $0.198. The beginning of 2025 saw GRT at $0.23, declining to $0.13 in February, and further touching below $0.09 in March. By late April, it recovered towards the $0.1 mark, and saw a brief surge to $0.132 in May, before trending just below $0.090 at the start of June.
Frequently Asked Questions (FAQs)
Is The Graph (GRT) an ERC-20 cryptocurrency?
Yes, GRT is an ERC-20 token, meaning it operates on the Ethereum blockchain.
Where can GRT tokens be traded?
GRT is available on numerous major cryptocurrency exchanges, including Binance, Coinbase Pro, Kraken, KuCoin, and Huobi Global. For long-term holding, hardware wallets like Ledger Nano X or Ledger Nano S offer enhanced security.
Will GRT surpass its current All-Time High (ATH)?
The Graph’s all-time high stands at $2.88, recorded on February 12, 2021. While future market conditions could lead to new highs, current projections do not indicate a return to this ATH in the near future.
Is The Graph Network Token (GRT) a good investment?
GRT is considered a potentially promising cryptocurrency due to its fundamental utility in solving real-world data querying problems on the blockchain. Its continued traction in the DeFi space, coupled with new partnerships and protocol upgrades, enhances its long-term viability. However, like all investments in the cryptocurrency market, it carries inherent risks.
Is The Graph legitimate?
The legitimacy of any cryptocurrency project is tied to its roadmap, real-world use cases, demand-supply dynamics, and level of adoption. The Graph’s transparent development, established utility, and growing ecosystem adoption contribute to its perceived legitimacy within the crypto space.
Can GRT be mined?
No, GRT cannot be mined. The Graph Network utilizes a Proof-of-Stake (PoS) consensus algorithm.
The information provided is not trading advice. All investments carry risks, and individuals should conduct their own thorough research and/or consult with a qualified professional before making any investment decisions.
Senior Crypto Correspondent with over 8 years of experience covering Bitcoin, altcoins, and blockchain technology for leading financial publications. Alexander holds a master’s degree in Financial Economics and specializes in in-depth market analysis, regulatory updates, and interviews with top industry figures.