Grafikas: GRT kriptovaliutos augimas

Teigiamos naujienos Grafikas: the protocol that experienced significant ecosystem growth in Q4 2022 and also for crypto BRT. Its current price could be due to a reversal with a bearish divergence identified on the daily chart.

The Graph crypto and its rising GRT: all the details

Pagal naujausia ataskaita by Messaria titled “State of The Graph Q4 2022 “, the open-source, decentralized blockchain data indexing protocol The Graph experienced growth in key ecosystem metrics during the fourth quarter of 2022.

The Graph is a decentralized open-source protocol for collecting, processing, and storing data from blockchain applications for easy information retrieval.

Dislokuota ant „Ethereum“ grandinėlė, it helps developers increase the efficiency of their decentralized applications (dApps) by using relevant data.

In addition, The Graph analyzes and stores blockchain data in indexes called pografai, enabling fast responses to queries sent to its protocol.
The evaluation of its performance in the fourth quarter of 2022, Messari found that since the launch of the first subgraph on The Graph’s mainnet in the first quarter of 2021, the count has steadily increased.

Numeriai

In fact, as of December 2022, there were 618 active subgraphs on the mainnet, a 25 proc. increase over the previous quarter and a 151 proc. increase over the previous year. According to Messari, the growth of active subgraphs on the protocol is expected to continue in the coming quarters.

The Graph ecosystem includes indexers, curators, and delegates. Indeksuotojai manage graph nodes to process and store data on the chain. Graph kuratoriai signal to indexers which subgraphs are worth indexing, while delegatai are ecosystem participants who may not have the technical know-how or resources to index and are allowed to delegate GRT to indexers.

Graph’s core network operates through a pay-as-you-go system, in which data consumers pay a fee per query to indexers. Query fees are further distributed to delegates and curators.

Curators are incentivized to report quality subgraphs and earn a share of the query fees. According to the report, as of December 2022, curators were reporting more than 26 mln. tsl to active subgraphs.

Moreover, in the fourth quarter of 2022, the number of these various participants increased. According to Messari, the number of indexers on the network increased by 33 proc., while the curator count increased by 2 percent. As for delegates on The Graph, they increased by 9 percent in the quarter under review.

The price of GRT on the rise: certainties and doubts for The Graph crypto

On an annual basis, GRT’s price rose 64 proc.Pagal CoinMarketCap data. At the time of reporting, leading indicators on the daily chart showed that the asset was continuing its upward trend.

Jos Santykinis stiprumo indeksas (RSI) and Pinigų srautų indeksas (MFI) were positioned away from neutral zones at 67.62 and 77.59, respectively.

Similarly, the alt’s volume on balance was northbound at 9.073 mlrd. However, an assessment of GRT’s Chaikino pinigų srautas (CMF) revealed that the bullish trend may not be as strong as it seemed. As a matter of fact, it was positioned downward leaning on the center line at zero.

When an asset’s price and key momentum indicators rise while its CMF falls, this could indicate that the asset’s price is rising due to buying pressure.

In any case, the upward trend may not be as strong as it seems and generally signals a potential reversal or a period of consolidation.

Algorand and The Graph: similarities, differences, and goals in common

Algorandas and The Graph seem very similar at first glance, but their use cases are slightly different. However, the two platforms share a common goal: to become the Google of the blockchain.

Algorand is a scalable, secure, and fast blockchain.
It is based on a unique consensus mechanism called Pure Proof of Stake (PPoS), which enables it to execute transactions securely and quickly.

Algorand’s main goal is to create a blockchain platform that can handle large volumes of transactions without sacrificing security or speed. The Graph, on the other hand, as we mentioned is a decentralized blockchain data indexing protocol.

It also, as anticipated, allows developers to easily create decentralized applications (dApps) by providing them with data discovery tools. The main goal of The Graph is to simplify blockchain data management for developers.

Algorand uses smart contracts, a unique governance system, and a consensus algorithm that enables fast and secure transactions. Similarly, Algorand is greičiau and much cheaper than Ethereum.

The average transaction fee on Algorand is around 0.001 XNUMX XNUMX XNUMX ALGO and is determined solely by transaction volume. On the other hand, The Graph follows a unique approach to indexing and searching information on the blockchain, which allows developers to better manage their data.

Algorand has yet to be widely adopted by cryptocurrency players and has yet to be proven. Whether the network will be able to handle large volumes of transactions in a 100 proc. decentralized environment remains to be seen. Similarly, The Graph is a relatively new project and it is unclear whether it will be able to handle large amounts of data.

Which of the two can become the Google of blockchain?

In light of what we know so far, it is difficult to say who between Algorand and The Graph becomes the “Google of the blockchain,” because we do not yet know if these platforms will deliver on their promises.

That said, Algorand’s unique consensus algorithm, integrated smart contract platform, and governance system make it a strong contender for The Graph.

Likewise, the unique approach and tools offered by The Graph make it a strong ally for blockchain developers. Indeed, although it performs the same functions as Google, it does not yet have the means to replace it, at least not for the time being.

Indeed, both projects have the potential to transform the blockchain industry, but which one will win the race? Only time will tell. That said, it is also likely that the two platforms will drop the competition and combine their efforts to dethrone Google.