The Graph ( #GRT ) was one of the projects that benefited most from the upward movement in the market. For #TheGraph (GRT), which provides a return of over 10% in just one day, if it closes above the resistance area indicated in red, 0.1360 USDT levels will become the new target and resistance point.

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What is The Graph (GRT)? What are its features?

The Graph (GRT) is an indexing protocol designed to facilitate data access and querying for decentralized applications. The Graph indexes data in distributed storage systems such as #Ethereum and IPFS and provides an API to query them.

The Graph features include:

  • Decentralized: The Graph does not depend on a central authority. This makes the network more secure and democratic.

  • Open source: The Graph is an open source project. This enables everyone to contribute and improve the project.

  • Flexible: The Graph is compatible with a variety of blockchain platforms and distributed storage systems. This enables The Graph to be used for a variety of applications.

The Graph is used for a variety of applications such as decentralized finance ( #DeFi ), smart contracts, and decentralized applications (DApps). The Graph enables these applications to access and query data more easily, making them more efficient and user-friendly.

Some of The Graph's risks for investors include:

  • A young project: The Graph was founded in 2018 and is still in development. This refers to the risks the project may face in the future.

  • High volatility: The cryptocurrency market is highly volatile. The Graph's price may also be affected by general fluctuations in the market.

The Graph is a project that has the potential to facilitate data access and querying for decentralized applications. The Graph is expected to be adopted for various applications such as DeFi, smart contracts, and #DApp s.

The way The Graph works can be summarized as follows:

  1. Subgraphs: The Graph uses decentralized applications called Subgraphs to index data. Subgraphs contain a manifest that defines what data to index and how to index it.

  2. Indexers: Indexers are used to index data generated by subgraphs. Indexers index data by running a node and providing an API to query it.

  3. Consumers: Consumers are used to query data provided by subgraphs. Consumers can access and query data using The Graph API.

The Graph simplifies data access and querying for decentralized applications, making them more efficient and user-friendly.

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