What The Graph coordinates
The Graph (GRT) is an AI / DePIN infrastructure token, currently ranked 125th by market capitalization among the assets we track. The Graph is an AI or DePIN infrastructure token: it coordinates a decentralized network of physical or computational resources — GPUs, storage, bandwidth, sensors — and rewards the people who supply them in GRT. It is closer to an infrastructure marketplace than a currency.
The Graph (GRT) is a decentralized indexing protocol that enables the querying and indexing of data from blockchains, facilitating the development of decentralized applications (dApps). It allows developers to easily access blockchain data through GraphQL APIs.
How the network bootstraps supply and demand
Value accrues when the underlying resource is genuinely useful and paid for. The risk is a network that looks busy on emissions alone, with token rewards outrunning real consumption.
Background & fundamentals
The Graph first went live in 2020, giving it roughly 6 years of on-chain price history to draw on. Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in GRT.
CoinPaprika classifies the project's development status as "Working product". In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Avalanche (AVAX) Token, and Solana (SOL) Token.
Where The Graph sits in the market
Trading around $0.0174, The Graph carries a market capitalization of $182.76M. Around $10.02M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 5.48% of the float — a healthy level of activity for an asset this size.
Almost the entire GRT supply is already in circulation (~100.0% of the 10.8B cap), so future dilution is effectively off the table. GRT remains -99% beneath its all-time high of $2.66, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour -3.21%, 7-day -7.62%, 30-day +1.14%, 1-year -74.64%. GRT is currently trading near the bottom of its 365-day range (around the 1st percentile of recent closes).
Volatility profile
Recent action puts The Graph in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals +1.14%, a useful input for stop placement and position sizing.
How to evaluate an AI/DePIN token like The Graph
The honest checklist for GRT is short:
- Real demand — paying usage of the network's resource, not just provider rewards funded by GRT emissions.
- Supply growth — how much real-world or compute capacity the network has actually brought online.
- Token economics — whether GRT demand can outgrow the incentives the protocol pays to bootstrap it.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
