Decentralized Protocol, Graph, Mainnet Goes Live; Coinbase Lists GRT For Trading
The day The Graph mainnet went live, Coinbase also listed the network token.
On Thursday, the San Francisco-based cryptocurrency exchange announced support for The Graph (GRT) at Coinbase.com. Coinbase customers can now buy, sell, convert, send, receive, and store GRT.
The token available in all Coinbase supported regions except for New York State is also available on its Android and iOS apps.
The same day the exchange also enabled earning up to $3 in GRT tokens on Coinbase Earn.
The decentralized protocol for indexing and querying data from blockchains, Graph makes it possible to build serverless dApps that run entirely on public infrastructure. It provides developers all the public data to build decentralized applications.
On Thursday, the project launched its maninnet after three long years of testnet. The testnet saw more than 200 Indexers deploying nodes and over 1,600 individuals successfully completing the Curator program.
In six months, the project saw the usage of its hosted service growing 10x from 1 billion in June to over 10 billion in November. Top DeFi applications like Curve, Zapper, Uniswap, Decentraland, and others are already using their Subgraphs. Yaniv Tal, Project Lead and Co-founder of The Graph said,
“It's surreal that after years of hard work, our vision for a global decentralized indexing and API layer for Web3 has become real. We really believe in decentralization and the launch of The Graph Network is a major milestone for enabling humans to cooperate and organize in a decentralized way.”
The native token of the project GRT is used to coordinate the network, and node operators called Indexers can stake and earn the tokens for processing queries. The ERC20 token is currently trading at $0.19, up 62%.