
The Graphgrt#121
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$0.0204
7d Change
-12.86%
30d Change
-31.39%
24h High
$0.000000
24h Low
$0.000000
Price Chart
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About The Graph
The Graph is a decentralized protocol for indexing and querying blockchain data, functioning as an infrastructure layer that organizes information from networks including Ethereum, IPFS, and other chains. The protocol enables developers to build and publish open APIs called subgraphs, making blockchain data accessible through GraphQL queries without operating proprietary indexing infrastructure. The Graph's network comprises indexers, curators, and delegators who ensure data quality and availability in exchange for GRT token rewards. Major DeFi protocols and applications rely on The Graph's indexing services for retrieving on-chain data efficiently.
Primary use case: Decentralized indexing protocol organizing blockchain data for efficient querying by applications and developers.
CoinHours Analysis
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Understanding The Graph Price Data
The The Graph price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for The Graph is calculated by multiplying the current price by the circulating supply — the number of GRT units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for The Graph on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
The Graph for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats The Graph and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding GRT for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy The Graph through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the The Graph protocol in plain English.
The Graph FAQ
What is The Graph protocol and how does it work?
The Graph is a decentralised indexing protocol that organises blockchain data into searchable formats. Developers create subgraphs (APIs) that define how data should be indexed, whilst network participants including indexers, curators, and delegators maintain data quality and availability using GRT tokens as coordination mechanism.
What is the GRT token used for?
GRT serves as The Graph's native utility token with multiple functions: indexers stake GRT to operate nodes and earn query fees, curators use GRT to signal valuable subgraphs worth indexing, and delegators stake GRT with indexers to earn rewards whilst helping secure the network through economic incentives.
How are GRT tokens taxed in Australia?
The ATO typically treats GRT as a CGT asset, meaning disposals may trigger capital gains tax. Australian investors should maintain detailed records of GRT transactions, including purchases, sales, staking activities, and reward distributions, as these may have tax implications under current cryptocurrency guidance.
What are the main risks of investing in The Graph?
Key risks include network security dependency on participant engagement, competition from alternative indexing solutions, operational complexity that could lead to data inconsistencies, and reliance on continued growth in decentralised applications. The protocol's success depends heavily on broader blockchain adoption trends.
Who uses The Graph protocol?
The Graph serves developers building decentralised applications that need efficient access to blockchain data. Major DeFi protocols including Uniswap, Compound, and Synthetix use The Graph's indexing services to retrieve on-chain information without operating their own indexing infrastructure.
Frequently Asked Questions
How often is the The Graph price updated?
CoinHours pulls live GRT pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the The Graph price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying The Graph legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store The Graph on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.