Graph Protocol Offical Launch DeFi Rate

Graph Protocol makes fully decentralized applications a reality with open APIs that enable developers to query blockchain data with GraphQL.

The Graph Network is officially live! People all over the world are coming together to build a vibrant decentralized future on top of crypto networks.

Join the movement and come build the future you want to live in 👩‍🚀🌍

— The Graph (@graphprotocol) December 17, 2020

With the rise of DeFi and other crypto enabled value networks, a protocol for organizing the ever-growing pool of open data has become more important than ever. Graph Protocol is building and maintaining the foundation for all crypto applications that utilize open data. With the Graph network, users no longer have to trust teams to operate serves and devs can deploy trustworthy public infrastructure that doesn’t require their active management.

Unlike other “launches” typically seen in this space, Graph Protocol is actually already being used by many of the largest projects in the space like Uniswap, Synthetix, and Aave.

It seems like all the major players in the digital asset space are paying attention to the launch of Graph Network as Coinbase also announced support for the native token of Graph (GRT) on their “Pro” platform.

Starting today, inbound transfers for GRT are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin later today on Thursday December 17, if liquidity conditions are met.

— Coinbase Pro (@CoinbasePro) December 17, 2020

The immediate support by Coinbase shows that there is a ton of hype and demand for the GRT token. The Graph previously raised $12 million in a public sale through CoinList. The project has quickly become the gold standard for indexing and querying blockchain data, their success thus far is perhaps evidence that The Graph could eventually become a decentralized Google of sorts, helping to parse all the difficult to understand data living on the blockchain.

Keep up with The Graph by following their Twitter.

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