What is The Graph?

The Graph (GRT) is an infrastructure / oracle network token currently ranked 122nd by market capitalization across all crypto assets we track. Infrastructure tokens reward network participants — oracles, indexers, compute providers — for the services they supply to applications.

Market position

At the current price of $0.0252, The Graph carries a market capitalization of $264.98M. Daily trading volume across exchanges sits at roughly $11.55M. That works out to a 24-hour turnover of about 4.36% of the float — consistent with healthy market activity for a mid-to-large cap asset.

Price action across timeframes

Over the past 24 hours, The Graph has moved ++0.20%; over the past week, The Graph has moved -6.25%; over the past 30 days, The Graph has moved ++1.66%; over the past year, The Graph has moved -78.11%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.

Cycle position

The Graph is currently trading far below its all-time high (all-time high of $2.66, -99.1% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $0.0228, current pricing represents a +11% recovery.

Supply & dilution

The circulating supply stands at 10,799,706,720 GRT. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.

Volatility profile

Recent price action puts The Graph in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the past 30 days, the 30-day move totals +1.66%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate The Graph

A balanced read on GRT typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is GRT performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.