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The Graph's Token Soars as a Bevy of Exchanges Add the Cryptocurrency
Coinbase, Kucoin, OKEx, Kraken and Binance and other exchanges are now allowing trading of the GRT token.
The price of the token for indexing protocol The Graph (GRT) has soared more than 425% in the last three days on Coinbase following its mainnet launch last week. A host of other cryptocurrency exchanges added the token to their list of offerings as well.
STORY CONTINUES BELOW
- Coinbase, Kucoin, OKEx, Kraken and Binance are among the exchanges now allowing trading of the GRT token.
- With this wide exposure, the price of the token has exploded, rising more than 49% in the last 24 hours and giving The Graph a market value in excess of $750 million.
- The Graph is an indexing protocol and global API for organizing blockchain data and making it easily accessible with GraphQL.
- Developers can use Graph Explorer to search, find and publish all the public data they need to build decentralized applications.
- GRT's listing on Coinbase was likely a foregone conclusion as Coinbase Ventures was an investor in a $5 million token sale by the protocol earlier this year.
See also: Coinbase Ventures Invests in $5M Token Sale for Ethereum Data Firm ‘The Graph’
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
