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The Graph price, market cap on Coin360 heatmap

The Graph(GRT)

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$0.131173
(-2.43%)
0.00000548 BTC
Market Cap (Rank#66)
$905,094,728
37,797 BTC
Vol 24h
$26,473,802
1,106 BTC
Circulating Supply
6,900,000,000
Max Supply
10,057,044,431
47 days agocryptodaily
FIREPIN Token Soars by 389%, Showing Potential To Become As Successful As Dogecoin And Shiba Inu
Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the most popular cryptocurrencies. However, FIREPIN Token (FRPN) has had an explosive entry into the crypto market and has already soared by 389% in value within a matter of hours. It is no surprise that FRPN’s launch has been so successful as during its presale stages, the value of the token increased by a whopping 5000%. This number is especially impressive as it was achieved during the bear market. For those unfamiliar with this term, a bear market is ‘a market in which share prices are falling, encouraging selling.’ The Rumours Are True - You Really Can Win With FIREPIN FIREPIN Token launched a fierce marketing campaign encouraging the idea that anyone can win with FIREPIN. There’s clearly something special about FIREPIN Token considering its popularity. It is unusual for new tokens to have such a following - so why is this the case? FIREPIN token (FRPN) promises to transform online gaming and offer workable, affordable solutions to issues that arise. It makes it possible to create community-led protocols for NFT markets, the gaming industry based in the metaverse, and the creation of standardised virtual reality technologies. Furthermore, by selling the in-game goods they win on the market, players may make the most money possible from the ecosystem. The lucky few who bought in early will have already seen their tokens double in value. Considering this happened in a few hours, it will be very interesting to see what happens over the coming days and months. Will FIREPIN Token Follow The Same Trajectory As Dogecoin And Shiba Inu? Dogecoin was the second most-searched cryptocurrency on Google in 2013, right after Bitcoin. By early 2018, the total value of all Dogecoins on the market, or "market capitalisation," was $2 billion USD. Dogecoin's market capitalisation reached more than $88 billion in 2021, thanks to another price spike caused by the internet. Each DOGE was worth more than 70 cents at that time. Even though Dogecoin has gone up and down since then, its unique mix of pop culture and crypto makes it a good case study. The difference between altcoins such as DOGE, SHIB andFRPN is that FRPN is not the product of just meme culture. Instead, it takes the fun nature of the meme and combines it with utility and cultural relevance. The Metaverse is one of the most widely searched terms on the internet, and FIREPIN Token is using this to stand out and be relevant in an already saturated crypto market. Numbers Don’t Lie - What Do TheStatistics Suggest? Words are easy to manipulate, and sometimes it can be difficult to know what is the truth and what is hyperbole. Sowhat do the FRPN launch numbers say? Source: poocoin.app It has been roughly 24hrs since FRPN launched, and as you can see from the graph above, the token has had a successful start. However, whether it continues on this trajectory or not, there will be a lot of people carefully monitoring what will happen next for FIREPIN Token. At the time of writing, the statistics stand at the following. ● 24 Hour Trading Volume: $414,482 ● Liquidity: $848,700 ● Market Cap: $581 Million FIREPIN Token has only just started its journey into the cryptocurrency realm. So, will it continue to thrive or take a nose-dive? Watch this space. Website: https://firepin.io/ Telegram: https://t.me/FIREPINTOKENOFFICIAL Twitter: https://twitter.com/FIREPIN_io Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
60 days agocryptodaily
Will Meme Coins Survive the Crypto Winter of 2022? Top 5 Meme Coins: Funny Coin Market Trends and Prospects
In this article, we take a look at five of the most noteworthy meme coins as of the beginning of H2 2022. Some of them are famous for their past successes and are the first thing that comes to mind when someone thinks about replenishing their crypto portfolio with coins from the meme coin sector. However, as we shall see, meme coins as they have existed until now have outlived their usefulness, as their price charts tend to go deep down. And now it's time for the new heroes that have already appeared. We will write about them here so that you do not miss the early sales of the meme token, which may change the landscape and balance of power in the field of cryptocurrencies. How Are Memes Related to Cryptocurrencies? In our era of clip thinking, memes have become a universal way of conveying opinions and meanings to a wide audience. The visual image, mixed with humor, unites people into a friendly community understanding its aesthetics. It is quite natural that such a phenomenon as cryptocurrency, which also essentially unites like-minded people into a single specific community, attracts meme creators. Indeed, it attracts them so much that the meme-based crypto has formed a separate subspecies: the class of meme coins. It's amazing how what started as a joke grew into a full-fledged market. It is unlikely that the creators of Dogecoin assumed that the profit from their coins would help Elon Musk build a spaceship called DOGE-1. Judging by the serial number, the optimist Elon suggests that there will be both the second and the third. Meme Coins As an Investment Tool Investors have been appreciating meme coins for several years now as a tool of the market game, which is mostly manipulated in a very primitive way by pumping and dumping. The fate of meme coins is usually more or less the same: first, the coin is advertised through social networks, its value is pumped up obscenely, and then the rate collapses, making profits out of the blue. This is mainly due to the nature of this type of crypto: the fact is that meme coins essentially have no utility value. There is no significant technology, no product that changes lives for the better behind them. Their nature is to cause laughter and smiles, and their cost is always artificially inflated. However, things seem to be changing in 2022 as an interesting new participant enters the scene: the SpartaCats platform with its native token PURR. What is its main difference? First, it is a meme token that appeals to an audience of cat fans and memes in general. Secondly, behind it is a full-fledged decentralized autonomous organization (DAO) and its token is a utility token. So, what differentiates SpartaCats from other meme coins is that it is the first meme coin backed by real value. The Dark Horse of the 2022 Meme Coin Market: SpartaCats (PURR) The goal set by the SpartaCats project is to create a single ecosystem of the meme coin community and NFT users. The SpartaCats community is built on the principles of DAO, that is, it is completely controlled by its members by voting on important issues. PURR tokens are fully distributed among community members, and the right to vote belongs to NFT holders. In total, 300 unique tokens will be issued over 4 years, that is, the DAO Foundation will be managed by 300 votes, which refers us to the memes from the movie 300 Spartans. A total of one trillion PURR will be issued. Of the 300 NFTs, 20 will belong to the core team, and 10 will be distributed to key partners and opinion leaders who will support the project. The remaining 270 NFTs will be distributed to the public over 4 years at regular intervals. 1 NFT = 1 vote, so, accordingly, the more NFTs, the more influence in the community. PURR is not only an asset associated with cat memes but a real utility token. PURR allows users to create clans and communities within the SpartaCats platform, and hold competitions and championships that will form the economic hierarchy of the entire meme coin ecosystem. An important part of the SpartaCats ecosystem are organizations from the real world that help cats: shelters, communities, and charities. The company is going to financially support and conduct joint activities with them. Now SpartaCats is actively promoting its platform and looking for ambassadors: by completing simple tasks or inviting friends, early adopters can earn PURR tokens and participate in the first and very valuable cat NFTs. Dogecoin: To the Moon and Back Dogecoin is the first meme coin in history and the first thing that comes to mind for those who want to invest in such an asset class. However, don't rush. Let's see what kind of coin it is and how it happened that DOGE is on the 10th line of the CMC today. The first meme coin started out as a harmless joke and was not meant to be an investment. Until Elon Musk launched DOGE into the stratosphere when he tweeted on April 2, 2019, that Dogecoin could become one of his favorite cryptocurrencies. In three days, the coin has risen in price by 40% and continued to gain value on further tweets of “Dogefather”, as Musk dubbed himself. What happened is now called the “Musk effect”: as soon as the Tesla CEO writes some note on his blog about some cryptocurrency, positively or negatively, this affects its price. Thus, Musk even managed to cause fluctuations in the rate of the first cryptocurrency, Bitcoin, several times. The Musk effect also has a downside: for example, on May 9 this year, Musk showed himself not on the most successful side, releasing disparaging jokes about his former lover in an interview with Saturday Night Live. This affected the Dogecoin rate, which immediately collapsed by 29.5%. It would seem, what does DOGE have to do with it? However, the movement of the price of something that has no intrinsic value has no logic. Manipulation rules here, and therefore it is useless to make forecasts and consider the coin as a full-fledged investment tool. Crypto enthusiasts can unite as much as they like under the slogan “Stop Elon Musk”, but he is far from the only one who engages in this kind of manipulation of the market. One way or another, the enthusiasm around DOGE is quickly fading: over the past 12 months, the coin has lost more than 80% of its value, and, we think, this is far from the limit. Shiba Inu: the Parody Coin Quick Start and the Mysterious Disappearance of Its Founder's Posts The Shiba Inu (SHIB) cryptocurrency appeared in August 2020. It was created by an anonymous user under the pseudonym Ryoshi. The emergence of a new meme coin with the same dog (Dogecoin is presenting the Shiba Inu breed, too) was accompanied by success: positioned as the “Dogecoin killer”, this ERC20 standard token was originally created completely decentralized and promoted exclusively through social networks. According to SHIB's "Woofpaper", cryptocurrencies that fail to maintain their independence are subject to increased fragility. The Shiba Inu community is named the Shib Army in this document, and the project itself is a kind of huge experiment aimed at finding out whether decentralization can work when the coin has no team, no funding, and no direct leadership. SHIB's initial success has been resounding, with the token rising over 50,000,000% over the past year. A $1,000 investment in SHIB 1 year ago at a high price could have risen to $500,000,000. Thus, during the 2021-2022 cryptocurrency bull market, SHIB has been one of the most profitable investments in history. However, large parabolic lifts tend to be unstable. And it looks like Shiba Inu has exhausted its potential for today: the token is now trading well below its all-time high prices: 0.00008 in October 2022 and 0.000009 now. With a market cap of $5.3 million, it is still the second most valuable meme coin available today. However, since 2022 ATH, Dogecoin and Shiba Inu have shown a massive drop in prices. The graph of their price movement leaves the feeling that meme coins may never return their positions, as they were always the coins for pump and dump only. The behavior of the Shiba Inu founder, Ryoshi, is also strange. On May 30 of this year, the creator of SHIB disappeared from social networks, deleting all tweets and medium posts dedicated to the token. And although Ryoshi vaguely hinted that someday he would disappear, this move certainly did not help raise the price of Shiba Inu, but on the contrary, collapsed its price even further, which was to be expected. Many believe that the coin, which initially had no intrinsic value, turned out to be a failed experiment for its creator, and what awaits it ahead is that it will slide to zero, and its devoted investors will be left with huge losses. Dogelon Mars (ELON): the Double Plagiarism Launched in 2021, Dogelon Mars is a mix of its inspirations: Dogecoin and Elon Musk. Its market capitalization is over US$147 million. In addition to being a token, its themed comics are also available for sale as non-fungible tokens (NFTs). Dogelon Mars is committed to making cryptocurrencies a level playing field, free from scammers. And to do so, it is undertaking numerous initiatives such as donating tokens and burning the liquidity provider tokens it received from Uniswap. Despite the altruism, crypto fans are not sure what the ultimate purpose of this token is, given that it has no real utility. Its only advantages at the moment are the use of the name “Elon'' in the style of clickbait and donation to Vitalik Buterin, as the creator of Shiba Inu once did (he sent half of the issued SHIBs to the Ethereum co-founder, which Vitalik burned). It seems that Dogelon Mars is a one-day coin that was released by people without even their own imagination, who borrowed all ideas from other coins. MonaCoin (MONA): an Interesting Cat Token, But for Japan Only Launched in 2013, MonaCoin is valued at over $34 million and is based on the Japanese cat character Mona. This feline token would have had a chance of winning the market if it wasn't focused exclusively on the Japanese market. Using the token, you can mine, tip in P2E games, and buy items from Japanese shops online and offline. MonaCoin has even been approved for daily use by Japanese regulators. It boasts fast transactions and the ability to withdraw cash and make purchases directly from ATMs in Japan. An interesting example to focus on when creating a meme coin. Conclusion Speculators who invest in meme coins in the hope of seeing their investment grow are, in fact, betting on the continued popularity of joke coins. Many made fortunes when their meme tokens rose in value. However, those who missed this train and jumped on the bandwagon at the last moment lost fortunes. Many meme coins in recent years have shown a typical picture of a Ponzi scheme: pump, dump, and a coin ends up in the trash. There is hope that the new fluffy token from SpartaCats will change the status quo. Cats are known to be more popular than dogs, and cat memes are flooding social networks. Therefore, the token that will be backed by the infrastructure behind it in the form of a marketplace and wallet, supported by links to real institutions, and having a decentralized community of meme and NFT fans behind it, is simply doomed to success. The PURR token from SpartaCats is currently trading on two DEXs: PancakeSwap and FlatQube. And though it made X8 immediately after the sales started, it still can be purchased at a low price. So, hurry before this meme coin goes viral. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
75 days agocoindesk
The ‘Google of Blockchains’ Sunsets Its Centralized Service
The Graph announced it will urge developers to migrate to its Etheruem-based indexer network as it shuts down its centralized service by early 2023.
78 days agocryptodaily
Dusk Network announces privacy Web3 protocol HOPR has been awarded a grant
Swiss privacy project HOPR association is the latest recipient of funding from Dusk Network’s grants program Helios. The $5M grants program allocates funding to various research projects that focus on zero-knowledge proof technology. The funding is part of a joint effort with other prominent Web3 projects such as Ankr and Harmony, who are strategic partners to Dusk Network. Foundational Privacy Proponents of Web3 highlight privacy as an important part of blockchain and cryptocurrency, something that is often overlooked for other crypto concepts such as decentralization. However, HOPR and Dusk Network argue that, without privacy — specifically, transport-level privacy that obscures metadata such as the user’s IP address and private keys — fundamental aspects of crypto cannot be safely operated. Pascal Putman, Commercial Director and Grants curator commented on how the Helios Grants program will contribute to privacy within Web3: “Privacy recently has increased in popularity in the blockchain space, but to meet our level of privacy and compliance requirements, parties understanding this need are quite limited. When we sat down with HOPR, immediately we felt a connection and both saw plenty of opportunities to bundle our knowledge and powers. Contributing to the HOPR protocol with our Helios Grants Program helps us to contribute to a more private Web3 and entire industry”. HOPR’s incentivized and scalable private mix network enables users to earn its native token, HOPR, as an incentive for running nodes that anonymously and securely relay data to other network members using the project’s proof-of-relay system. This allows users to send data to other users without exposing vital metadata such as their IP addresses. HOPR’s DERP tool — Dumb Ethereum RPC Provider — addresses the urgent need for this technology, a tool that shows how popular decentralized apps (DApps) such as Uniswap and MetaMask leak vast amounts of identifiable and exploitable metadata. Dusk Network also seeks to address this, which makes the grant investment a fantastic opportunity to explore how Dusk Network’s technology and the HOPR protocol could work together in the future, in a way that could offer privacy and compliance to its users. Rik Krieger, co-founder and CMO at HOPR notes: “Receiving the grant from Dusk Network for us acknowledges that what we are working on is one of the solutions that Web3 needs. We both have the same ambitions: to make privacy mainstream and a standardization instead of an exemption. The grant empowers us to explore privacy technology to its maximum potential.” Holistic investment While a great deal of the controversy around viability of Web3 has focused on project funding, with many criticizing the amount of venture capital funding in the space. HOPR has already established its decentralized credentials through a fair launch that saw 100% of raised funds stay in control of the HOPR DAO. The team says it is doubling down on this approach by securing investment from like-minded Web3 projects. Critics may argue that the problem of metadata and IP privacy is prevalent in every layer of crypto, from users accessing DApps via their browsers to the way transactions are approved and grouped into blocks by miners and validators. As a way to address this, HOPR has announced it will be: Balancing data transparency with privacy for node runners for truly decentralized data-indexing and infrastructure provision with Ankr, The Graph and Pocket Network Adding essential transport-level privacy to the on-chain privacy of Dusk Network Providing essential privacy to stop layer–0 disruption and attacks on layer-1 blockchains with Gnosis, Polygon, Harmony and Near. Interested developers can also participate in HOPR’s rapidly expanding bounty program. About HOPR HOPR is a layer-0 metadata privacy-protection protocol used to connect devices and the cloud and produce private transactions on the chain. HOPR has developed cutting-edge technologies for digital privacy, layer-0 data transmission and decentralized governance. About Dusk Network Dusk Network is an open source blockchain for financial applications. Data protection and privacy-preservation play a major role in Dusk Network, as well as its design for regulatory compliance. The blockchain is eco-friendly, thanks to its Proof-of-Stake consensus mechanism; a novel and efficient method of reaching agreement on the current state of the global ledger. Notably, the blockchain supports privacy-friendly smart contracts. Companies use the Dusk Network to power financial applications, issue tokens, trade and collaborate on a global scale. Dusk Network is built by a team of experts from Amsterdam, the Netherlands. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
125 days agocryptodaily
AlgoBlocks raises total $2.3 MM to bring seamless, beginner friendly DeFi to more crypto users
AlgoBlocks raised $1.9 MM in its strategic and private funding, thanks to the addition of investors Draper Dragon and Kyber Ventures. The total funding goal is to reach $2.3 Mil through raising an additional $400K in the public round through 2 market leading launchpads, Poolz and KrystalGo. Public round fundraising with Poolz and KrystalGo Launchpads will be launched on April 07 2022. After the public round fundraising, it will be a simultaneous listing on MEXC and BitMart on April 12, 2022, 12:00 UTC. The money raised will be used for product development and growth initiatives, such as partnership and technical integration with other protocols. The Investors Draper Dragon is an early-stage venture capital fund focusing on cross-border tech. Its investments include Vechain, Ledger, and Thundercore, among others. Kyber Ventures is the investment arm of Kyber Network. They support entrepreneurs building the next giants of the decentralized world. Big Brain Holdings is the name behind Solana and the Graph. Its investment portfolio is at $15 million across over 50 projects. MEXC is a centralized exchange founded in 2018. AlgoBlocks has a standing agreement with MEXC for listing. Lancer Capital is a private equity firm for blockchains founded in 2017. It is known to be a backer of Polkadot. Roadmap The team at AlgoBlocks remains within schedule to achieve its goals in the first quarter of 2022. Its public round fundraising is expected on 07 April 2022. The public round fundraising is launching with Poolz and KrystalGo. Also, it will be listed on MEXC and BitMart. With the availability of AlgoBlocks in these platforms, its reach will expand to bring seamless and beginner-friendly DeFi to more users. One of the core goals is to provide an avenue to discover, invest, manage and automate DeFi investments with personalised signals and strategies in one place. The platform will embrace cross-chain services to bring various blockchains in one platform. It aims to support a flexible integration with the largest number of supported products in the market. Product FeaturesAs an all-in-one DeFi management platform, AlgoBlocks aims to simplify the process of interacting with multiple DeFi protocols across different blockchains. Here are the summary of product features that AlgoBlocks will offer to DeFi users: - All In one DeFi Dashboard, connect the wallet to view your DeFi portfolio.- Intelligent and personalized signals system.- Curated one-click investment option or DIY your own pre-programmed trade.- Marketplace, visit the marketplace to find curated DeFi Investment recommendations.- Swap Assets, access multiple DEXes on a single page.- Comprehensive Dapp and DEX search engine, from DEXes to NFTs.- DeFi education portal with a gamified system to encourage DeFi newbies to learn DeFi concepts and earn NFTs. The Team The team is composed of CEO Joseph Kim, CTO Kareem Elshahawe, and CMO TN Ko. Joseph has over 13 years of financial services experience in and out of the blockchain space, and held senior positions at Citigroup and BC group. Kareem has over a decade of software engineering experience and held senior positions at Societe Generale and Datum Blockchain. Ko heads the marketing block with over 8 years of experience in global marketing. He previously held roles in Crypto.com, BTCC, and Facebook. Follow AlgoBlocks in its community and social channels to be the first to know about updates Website: https://www.algoblocks.io/ Whitepaper: https://algoblocks.gitbook.io/algoblocks/ Twitter: https://twitter.com/Algoblockstrade Telegram: https://t.me/algoblockss Discord: https://discord.com/invite/k7PJtznppk Medium: ​​https://algoblocks.medium.com/ LinkedIn: https://www.linkedin.com/company/algoblockstrade/ YouTube: https://www.youtube.com/channel/UC2IdcaQkR_4ENNbbtOnom2g Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
154 days agocoindesk
Market Wrap: Bitcoin and Stocks Stabilize Ahead of Fed Meeting
Bitcoin (BTC) and other cryptos were slightly higher on Tuesday, although some altcoins such as GRT rallied as much as 20%. Crypto traders are expressing greater appetite for risk ahead of tomorrow's Fed meeting. Stocks also stabilized after extreme sell-offs.
154 days agocointelegraph
GRT rallies 39% as subgraphs migrate to The Graph’s decentralized mainnet
The Graph leads the altcoin market, gaining 38.6% as subgraphs migrate to its decentralized mainnet with the help of Graph Grants.
169 days agocryptodaily
Bitcoin and crypto can flourish in these troubled times
Geopolitical tensions are stretched to breaking point. Russia’s invasion of Ukraine has had wide reaching effects on global markets. After a sell off since early November last year, is this Bitcoin’s time to shine? The Russian invasion of Ukraine, first and foremost, has caused dreadful human suffering and loss on both sides, but it has also completely tipped the global financial system on its head. All the talk from the Federal Reserve in the US about how it was going to taper its securities purchases and also start to raise interest rates has been left in the dust, as war in the Ukraine has totally destroyed these plans. Up until the Russian invasion, some analysts were predicting as many as 9 rate hikes as a measure to try and reign in inflation. However, such a move would clearly appear to be off the table, at least for the immediate future, as the Fed’s hands are probably tied in such a predicament. So given this turnaround in the monetary environment, where could markets be heading now? The russian ruble has been absolutely annihilated, as it tries to recover from a 30% crash against the US dollar over the last 3 three weeks. However, in western markets, the NASDAQ is up 7.4% over the last 2 days, and the Dow Jones Index is up 5.6% over the same period. Bitcoin is holding strong at over $38,000, and having taken a tumble over recent months, are the signs there that it is ready to maintain its recent rise? The graphs show how markets typically rebound after invasions. It could probably be fair to say that the Ukraine invasion will be no different. Another positive sign for markets is that both the NASDAQ and S&P 500 Futures went down strongly, yet closed well up afterwards. Something only seen after the Dot.com, and housing crashes of 2002 and 2008 respectively. Bitcoin is the trade for these times. With the Fed having its hands tied on being able to raise interest rates enough to combat raging inflation, the perfect scene looks set for crypto. Willy Woo, the bitcoin analyst, thinks the same, and believes that this year will test the number one cryptocurrency as a possible safe haven. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
175 days agocryptodaily
Directed Acyclic Graph (DAG) Consensus: What is It, Why Does It Matter, and What Can It Do for Blockchain?
Scalability has become one of the most concerning problems when it comes to the blockchain ecosystem. Legacy networks like Bitcoin and Ethereum have been facing extreme network congestion and low throughput for years now due to this very reason. Several initiatives are circulating around the cryptoverse, most of which are primarily aimed at enhancing the throughput of existing chains. A more radical approach to remedy the scalability problem has emerged among these solutions. Instead of relying on blockchain’s distributed ledger technology (DLT), several projects are now seeking to implement something called directed acyclic graph (DAG). Here’s a quick overview of what a DAG actually is, and how it can revolutionize the blockchain ecosystem. What Is A Directed Acyclic Graph? To understand the concept of DAG, you need first to understand the workflow of blockchain. In a blockchain network, data is stored in blocks. A new block is created and linked to the previous block for every transaction through a cryptographic link (hash). There’s a waiting period between the transaction and its inclusion in a block. As such, depending on the size of all transactions being processed, the entire process may take anywhere from a few seconds to hours. Add to this the inflated network fee, and you’ll realize why scalability is a major problem in face of the mass adoption of blockchain. A DAG, however, overcomes this problem by using nodes and groups of nodes that work simultaneously instead of storing data in blocks. Simply put, the directed acyclic graph model is quite similar to a file directory where folders can have subfolders that branch into their respective subfolders and so on. In this context, the word ‘acyclic’ means that no node within the graph can reference back to itself. Every node in the DAG model can consist of multiple layers of transactions. These nodes also eliminate the need for miners. Powered by algorithms, every new transaction registered in a node is first verified with two previous transactions, which is a drastic decrease in unnecessary validation required in existing networks. The Advantages Of Directed Acyclic Graph The DAG consensus model ensures faster throughput and minimum transaction costs, enabling more users to enter the crypto ecosystem compared to the existing consensus models. In legacy blockchain networks, miners can’t create more than one block simultaneously, which means that new transactions can’t be added to the network until the previous transaction is completed. On the other hand, the DAG model eliminates the need for creating blocks by adding transactions directly to its network. Since it follows a tree-like structure, the DAG model allows multiple transactions to be validated simultaneously, thus offering faster throughput than blockchains that rely on the PoW (proof-of-work) or PoS (proof-of-stake) consensus models. Additionally, the DAG model also eliminates the role of miners. In PoW and PoS networks, miners are rewarded for successfully mining a block. Since everyone wants greater rewards, there’s a lot of competition, resulting in conflicting goals and visions between token holders and miners. In a DAG-powered network, the ‘node’ itself is the miner. With miners eliminated from the process, the transaction fees, too, are reduced to zero. Currently, several companies are working on the DAG consensus. Co-funded by the UK Government, Millicent, a hybrid layer-1 distributed ledger network, is a promising project spearheading this revolution. Using a Directed Acyclic Graph (DAG)-based consensus engine called Soloman, Millicent’s hybrid structure leads the race to become the infrastructure layer for the future of global finance. The platform’s DAG-based consensus mechanism offers many features, including parallel transaction processing, composability and interoperability, and speeds of up to 10,000 TPS (transactions per second). As a result, Millicent connects legacy banking with blockchain and offers seamless connectivity between individual chains. DAG represents the next big wave of evolution in the realm of blockchain technology, designed to overcome the drawbacks of legacy consensus mechanisms. So far, just a handful of projects have started using this technology, and they are yet to evolve fully. If platforms like Millicent can deliver what they have promised, we may witness massively scalable blockchain ecosystems that can be used to solve a diverse range of real-world problems. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
176 days agocryptodaily
Moonbeam Network Completes Launch With Cross-Chain Capabilities & New Features On Polkadot
Dubbed the “future of multichain,” Moonbeam Network, the fully EVM-compatible platform, has completed its launch process on Polkadot. Developed by PureStake, one of the leading API service and blockchain infrastructure providers, Moonbeam is among the most highly anticipated projects of 2022. Earlier in 2021, the Moonbeam team participated and won a slot in the Kusama parachain slot auctions. Moonbeam’s canary network Moonriver secured the second Kusama slot by raising upwards of 205,000 KSM from more than 10,000 contributors. After winning the second slot of the ongoing Polkadot parachain auctions by collecting almost 38.5 million DOT from more than 200,000 contributors through its crowdloan initiative, Moonbeam launched as a “parachain” on December 17, 2021. To put the figures in perspective, Moonbeam’s crowdloan had both the largest number of contributors and the highest amount of DOT received by any parachain on Polkadot to date. Following this, the Moonbeam development team started adding the decentralization feature and new collators and removed the Sudo key, thereby successfully concluding its launch process. The Moonbeam Network, live on Polkadot since January 11, 2022, has etched its name in history as the first fully operational parachain on the Polkadot network, enabling more than 80 projects in the Moonbeam ecosystem to begin deployment. As part of the launch, a number of infrastructure projects are expected to be deployed by the Moonbeam development team in the coming days, including bridges, multisignature support, and oracle integrations, among others. Besides support for ECDSA signatures and Ethereum H160 accounts, Moonbeam is always enhancing its interoperability, highlighted by its most recent embrace of EIP-1559, or the Ethereum London hard fork. This Ethereum proposal shifted network fees and the mechanisms responsible for setting them. The newfound support for EIP-1559, which is already live on Moonriver after a runtime 1201 upgrade, means that Moonbeam projects and developers have the building blocks available to reflect these new realities. This change will be reflected in Moonbeam on February 18th. Additionally, the Moonbeam team has also rolled out native cross-chain capabilities on its canary net Moonriver. Through this upgrade, Moonbeam introduced the XC-20s on the Kusama network, Polkadot’s canary net. The XC-20 is a new type of interoperable token standard that is Substrate-native and conforms to the ERC-20 standard. Simplifying Cross-Chain Dapp Development By design, Moonbeam is a developer-friendly blockchain platform that enables developers to migrate their existing Ethereum-based dApps to Polkadot easily. The platform leverages Polkadot's built-in capabilities such as on-chain governance, staking, and cross-chain integrations to expand Ethereum's base functionality further. By virtue of being a parachain on the Polkadot network, Moonbeam will also benefit from the shared security and integrations with other parachains connected to Polkadot. The platform makes it easy for developers to integrate their existing dApps with other individual chains like Bitcoin and Ethereum. Developers can quickly build applications that integrate directly with users and assets on remote chains using Moonbeam smart contracts and the Ethereum developer toolset, either through native Polkadot compatibility or bridge-based integrations. Moreover, Moonbeam supports Solidity smart contracts, allowing developers to swiftly move current projects to the network with minimal code changes. Owing to the promising features offered by Moonbeam, especially ease-of-use, a myriad of projects have already begun employing its interface to build state-of-the-art dApps. As a faster and more cost-efficient alternative to Ethereum, Moonbeam is now home to more than 80 dApps, spanning DeFi, NFT, P2E games, and several other growing blockchain spaces. Currently, the total value locked (TVL) in the Moonbeam Network is $187.66 million, and that of Moonriver is $152.77 million, making them the largest ecosystems within both the Polkadot and Kusama networks. Since then, the network has expanded quickly, securing the ninth slot in the list of Top 10 Fastest-Growing Ecosystems With 50+ Developers compiled earlier this month by Electric Capital. A consortium of promising projects like StellaSwap, BeamSwap, Zenlink, Solarflare, PadSwap, ThorusFi, Synapse, Pickle, Astral Finance, and Connext are already live on Moonbeam, while dozens more are ready to deploy. Moonriver and Moonbeam ecosystem projects include APIs and tools like Multichain, Remix, SubQuery, Moonscan (Etherscan), DappLooker, Magic Link, Figment, and Automata Witness, EthSign, Mars, Waffles, OpenZeppelin, API3, The Graph, and many more. Other than this, assets and issuance projects like My Wish, Impossible Finance, Ocean Protocol, AllianceBlock, AMPnet, Poolz, and Polimec by KILT Protocol, DeFi Zircon Finance, Nomad, RomeDAO, QiDAO, Unilend, DOT.Finance, Beefy.Finance, Lido, DODO, C.R.E.A.M Finance, NFT platforms like Moonbeans, NFTrade, Banksea, RMRK, myNFT, oracles like Chainlink, Band Protocol, DIA, and Razor, and a ton of other parachains, storage, explorers, bridges, and P2E games are also under construction atop the Moonbeam platform. Moonbeam is backed by some of the biggest names within the industry, like Arrington Capital, Coinbase Ventures, Fenbushi Capital, Signum Capital, GBV, Hypersphere Ventures, Parafi Capital, and many more, helping it forge forward as one of the most promising blockchain ecosystems designed to support a diverse range of use cases. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
180 days agocryptopotato
DCG and Multicoin Capital Launch a $205M Fund to Accelerate The Graph Development
Six notable investment companies teamed up to establish a $205 million fund to support the development of The Graph protocol.
180 days agocointelegraph
DCG leads $205M growth fund for The Graph
The Graph launched its mainnet in December 2020 and is already being used by leading DeFi protocols and EVM-centric chains.
181 day agocointelegraph
The Graph (GRT) gains momentum as Web3 becomes the buzzword among techies
GRT gets a double-digit boost in price after its catalog of subgraphs expands and Web3 becomes a trending discussion topic among crypto and tech sector experts.
190 days agocryptodaily
The Metaverse and Gamefi are leading the crypto recovery
Crypto does appear to be making an attempt at a trend reversal. The downward trend has been evident since November last year, but recently, Bitcoin, the major alts, and especially the metaverse plays, are turning this trend around. As Bitcoin started its decline from the $69k highs, certain metaverse and gaming projects were just starting to move into top gear. Decentraland, The Sandbox, Gala Games, and Render, were the blue chip plays that generally led the field. Decentraland’s MANA token started its rise in late October, no doubt boosted by the Zuckerberg announcement that Facebook would henceforth be known as Meta, and that the metaverse would be his company’s focus from now on. On that announcement, MANA shot up 550% before declining over the next couple of weeks. However, once bitcoin reached its high on 10 November, MANA rose again to an all-time-high of $5.90, another 168%. Since then, the whole crypto market went into a trough, where it remained until the last couple of weeks. Now MANA has put on around a 100% gain since its low of $1.69, to put it at a local price high of $3.38. The Sandbox is the other big metaverse project where land is being purchased for huge amounts of value. A similar trajectory for SAND as for MANA saw even crazier gains. The initial Zuckerberg pump actually took SAND up 1050% to a price of $8.48. The price rise since the $2.57 local bottom has taken the token up a relatively modest 85% so far. There will certainly be a lot of institutional fund interest in the project, so even though there might be a retrace in the short term, there could well be plenty of gas left in the tank should the crypto recovery take firm hold. Gala Games is the leading blue chip gaming studio project. Nine games are currently on the platform, either being used, or in development. Some of those in development are said to be AAA games that will allow blockchain games to start competing with the traditional gaming industry. GALA put on a 1000% after 10 November, and reached an all-time-high of around $0.84. The retrace took it all the way back to $0.15, but, since then it has led the charge with a 147% surge to $0.38. Finally, Render (RNDR) is a metaverse infrastructure play that may well eclipse most other projects in the sector. It seeks to use decentralised GPU power to literally render the graphics of the entire metaverse at a fraction of the cost and speed of typical rendering solutions available today. RNDR started its charge also on the Meta announcement, and an 890% price surge took it to $8.77. It’s recent recovery after the decline of this year, has taken it back up 140%. A break-out from its current bull flag might well see it test the previous all-time-highs. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
216 days agocryptodaily
Moonbeam Successfully Launches As A Polkadot Parachain
Moonbeam has officially become the first fully operational parachain on Polkadot, with community members that had contributed to the crowd loan effort now eligible to claim their Moonbeam token rewards and stake them on the network. Moonbeam has a host of activities lined up over the next few weeks, with several projects set to go live, including Chainlink and The Graph. A Phased Launch Moonbeam’s launch process was carried out over three weeks and was initiated on December 17th, after it had won Polkadot’s second parachain auction back in November. First, block production and decentralization were implemented, and once these were verified to be running without any glitches, the team initiated the final phase of the launch process. During this phase, the superuser key was removed, and EVM and balance transfers were activated, with the number of collators increased to 48. With the activation of balance transfers, users will be able to start staking, claim crowd loan rewards, and participate in on-chain governance. Moonbeam is expected to bring a significant uptick in activity on Polkadot. Contributors To Begin Claiming Tokens Moonbeam community members who had contributed during the crowd loan back in November are now eligible to claim their Moonbeam governance token rewards. Contributors will only be able to claim 30% of their allocated GLMR tokens. In addition to this, they are also eligible to claim up to three weeks worth of vested emissions, which have accumulated since the beginning of the launch process. The remaining 70% of the tokens are currently vesting over the parachain lease period of 96 weeks. The token holders can also delegate their tokens to a collator and become eligible for staking rewards. The staking rewards distribution is based on the number of tokens contributed, along with the amount bonded to the collator. With the launch, the GLMR token had also seen a significant jump in value, although the price had dropped to around $8 at the time of writing. A Few Details About Moonbeam An Ethereum-compatible smart contract platform, Moonbeam is built on Polkadot’s parachain slots and is secured by the main Polkadot chain. It will also enjoy interoperability with all subsequent parachains whenever they go live. Moonbeam’s compatibility with the Ethereum Virtual Machine enables developers to easily and seamlessly port applications from Ethereum without making any significant changes to the underlying code. Because of the interoperability, key infrastructure from the Ethereum blockchain will also be launching on Moonbeam, including Chainlink oracles, The Graph, and other multichain bridges. Moonbeam’s Companion Network Before its launch on Polkadot, Moonbeam had launched its companion network, Moonriver, on Kusama, which is Polkadot’s canary network. Moonriver is also an Ethereum Virtual Machine compatible network and currently hosts 30 applications, including the likes of decentralized exchange Sushi and yield optimizer Beefy Finance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
223 days agocryptodaily
The Open Metaverse
The Open Metaverse project consists of 10,000 alphanumeric NFTs ofrandomised resources generated and stored on the Ethereum blockchain.The NFT’s are free to mint (+ gas) and can be used to build The OpenMetaverse. Holders are free to build whatever they want - these arefundamental building blocks and come with a full CCO licence. Additional graphic NFT's mapping worlds, environments and buildingswill be made available free (+gas) to The Open Metaverse NFT holders inthe first half of 2022. Interview with founder AlwaysGood.ai: 1. The Open Metaverse – there is a lot to unpack here. Give us more details about the concept of this project and your overall vision. My starting point is the realization that “The Metaverse” is already here. Not in the sense of a full-blown photorealistic, 3D, persistent virtual world, but certainly the seeds of a shared digital space built on shared open source protocols, open infrastructure and with its own economy. As I say on our website: “The Open Metaverse itself already exists. The main rail is the Ethereum blockchain. NFTs are the building blocks and the property rights layer. The communication system is Twitter. Crypto and DeFi are the financial system. DAOs are the beginnings of decentralised governance. It is open decentralised, interoperable and persistent. Onto this framework the community of developers and users are building ever more advanced features and the worlds of gaming and VR are converging onto it.” A key influence on this project was The Loot Project - text NFTs of Loot for an RPG game generated on chain and left up to the community to develop. When I saw it my very first thought was “this is genius, but why limit it to a game?” Not everyone wants to wander around the metaverse with a sword and a cloak of invisibility! I thought, since the contract was open source, one could build on the method, but change the seed words to resources that would be open to anyone to build whatever world they wanted. Thus The Open Metaverse was born. Actually originally I named the project “Meta”. But then Facebook made their announcement so I felt I had to change it. I am opposed to Facebook / Google / Microsoft dominating the metaverse and using it to continue their extractive practices - that could be a real dystopia. So I named it in opposition to Meta, The Open Metaverse. I was surprised and delighted that I was able to register the ENS name TheOpenMetaverse.eth and the DNS name TheOpenMetaverse.net - so that sealed it. It just shows how early we are. 2. We get the vibe that you want to promote creative freedom in all aspects. In fact, did we read correctly that your NFTs are free to mint? Yes. They are free to mint, you just have to pay the gas. They are on the Ethereum blockchain. The idea is to give the community of users a framework within which to build the Open Metaverse from the ground up. Each NFT comes with a full CCO licence so people can build anything they want and use them for any purpose. 3. Ok, so there are 10,000 alphanumeric NFTs in total – how many are being launched on January 1, 2022? We think we know the answer, but we still have to ask, will there be a whitelist? 9,500 are available to the public on January 1, 2022. 500 are reserved for the devs, as giveaways, for donations and other promotional purposes. There is no whitelist, it’s strictly first come, first served as far as minting goes. 4. Are there any traits or levels that categorise the NFTs or are they all under the same group? The NFTs have eight sets of traits each: World, Environment, Element, Building, Transport, Avatar, Resource, Skill. The properties section of the metadata on the OpenSea marketplace shows the rarities of each trait as a percentage. 5. Again, the launch is in two days, but we are also interested in your roadmap. What are some of the milestones that you are aiming to reach, and is there a timeline? After the launch it’s important for everyone that we keep spreading the word until we mint out and the secondary market becomes established. In parallel with that we are going to develop our discord server to help the community get organised and enable people who want to build stuff to work together. We are planning 2 or 3 graphical NFT drops in the first half of 2022. Working with other projects on making different metaverses interoperable. Eventually we would like to form a DAO so that the community can take over governance of the project. 6. Please share more about the additional graphic NFT’s mapping worlds, environments, and buildings, what new perks will they present? Each original Resource NFT has eight traits, or sets of resources. One of these for instance is “building”. The graphic NFTs that we release in the future of buildings will have different types of buildings: houses, apartments, huts, factories etc. So you will get a building which matches the type of building you have on your original Resource NFT. In this way all of the holders will gradually acquire the elements to build their part of a complete virtual world. 7. We are curious to know who is on your team and their respective roles. I am the main creator. I work with one main solidity dev, who has a team of two others helping him. I’m not telling anybody who they are so they can’t steal them! Currently we are looking for someone to head up marketing and a couple of discord mods. 8. Finally, how can we keep updated with the latest Open Metaverse news? Where is the best place to follow you? I think our discord is the best, that’s where the community is. Also Twitter is good for the wider context of people in the crypto / nft /web3 / metaverse space all together. Twitter:Discord:OpenSea:Minting Website: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
244 days agocryptonomist
The Graph, $48 million for the development of GraphQL in Web3
This is a query language designed by Facebook. The post The Graph, $48 million for the development of GraphQL in Web3 appeared first on The Cryptonomist.
244 days agocointelegraph
The Graph awards $48M to GraphQL developer The Guild
The Guild will join the Web 3.0 network as a core developer in a four-year partnership to facilitate the expansion and development of The Graph's existing 31,000 subgraphs.
250 days agocointelegraph
Semiotic AI granted $60 million by The Graph Foundation to support ecosystem growth
Semiotic AI will become the third core protocol developer to join the Web 3 network this year, and is set to enhance security, scalability and economic efficient on the platform through the use of emerging technologies.
301 day agocryptonomist
eToro adds Cosmos, The Graph, Curve and 1inch
There are now 36 tradable crypto-assets on the platform The post eToro adds Cosmos, The Graph, Curve and 1inch appeared first on The Cryptonomist.

About The Graph

The live price of The Graph (GRT) today is 0.131173 USD, and with the current circulating supply of The Graph at 6,900,000,000 GRT, its market capitalization stands at 905,094,728 USD. In the last 24 hours GRT price has moved -0.005017 USD or -0.04% while 26,934,166 USD worth of GRT has been traded on various exchanges. The current valuation of GRT puts it at #66 in cryptocurrency rankings based on market capitalization.

Learn more about the The Graph blockchain network and how it works or follow the price of its native cryptocurrency GRT and the broader market with our unique COIN360 cryptocurrency heatmap.

The Graph Price0.131173 USD
Market Rank#66
Market Cap905,094,728 USD
24h Volume26,473,802 USD
Circulating Supply6,900,000,000 GRT
Max Supply10,057,044,431 GRT
Yesterday's Market Cap926,773,700 USD
Yesterday's Open / Close0.139332 USD / 0.134315 USD
Yesterday's High / Low0.144697 USD / 0.132862 USD
Yesterday's Change
-0.04% ( 0.005017 USD )
Yesterday's Volume26,934,166 USD
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