Convert Ethereum to The Graph Price Calculator & eth vs. grt Comparison

With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Ethereum and The Graph can be challenging. Our dedicated Ethereum to The Graph price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of eth vs. grt. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips

1 Ethereum (eth) == 18695.455182904 The Graph (grt).
Rate : 18695.455182904

Ethereum (eth) Price: 1733.05$
The Graph (grt) Price: 0.092699$

Ethereum (ETH)

Ethereum is a global, open-source platform for decentralized applications. It aims to create a world computer where anyone can build applications in a decentralized manner, with all states and data being distributed and publicly accessible. Ethereum supports smart contracts that enable developers to program digital value. Various decentralized applications, or dapps, have been built on Ethereum, including tokens, non-fungible tokens (NFTs), decentralized finance (DeFi) apps, lending protocols, decentralized exchanges, and more.

Transactions and smart contract executions on Ethereum require a small fee called Gas. Gas is the unit of measure for the computational effort required for operations or smart contract execution. The complexity of an operation determines the amount of gas required. Gas fees are paid in Ether (ETH), the native coin of the Ethereum blockchain. Gas prices can fluctuate based on network demand.

The Graph (GRT)

The Graph is an indexing protocol and global API for organizing blockchain data, making it easily accessible through GraphQL. It allows developers to search, find, and publish public data required for building decentralized applications. The Graph Network enables the development of serverless dApps that run entirely on public infrastructure.

GRT is the native token of The Graph Network, used to coordinate work. It is an ERC20 token. Node operators, known as Indexers, stake GRT and earn rewards for processing queries. Anyone can delegate GRT to Indexers to secure the network and earn rewards. Curators play a role in organizing data on The Graph by signaling GRT on useful APIs called subgraphs. Indexers, Delegators, and Curators collaborate to organize data for the crypto economy and maintain a useful global API for DeFi and Web3 applications.

Comparison

Both Ethereum and The Graph are significant players in the blockchain ecosystem, with different focuses and use cases.

Ethereum is a smart contract platform that allows developers to build decentralized applications and execute smart contracts. It has a wide range of applications, including tokens, NFTs, DeFi, and more. Transactions on Ethereum require gas fees, paid in Ether.

The Graph, on the other hand, is an indexing protocol and API for organizing blockchain data, specifically designed to make it easily accessible through GraphQL. It focuses on providing developers with indexed data for building decentralized applications, particularly in the DeFi and Web3 space. The Graph uses a native token, GRT, for coordinating work within its network.

Overall, Ethereum provides a broader platform for building various decentralized applications, while The Graph specializes in indexing blockchain data for efficient data access in specific use cases.

Market Analysis

Based on market cap rankings, Ethereum holds the second position, indicating its significant presence and market value within the cryptocurrency ecosystem. The Graph holds the 45th position, showing its growing popularity and adoption in the market.

In terms of price performance, Ethereum has experienced a 2% price change in the last 30 days, while The Graph has seen a -22.80234% price change in the same period. It's important to note that cryptocurrency prices can be highly volatile and subject to market fluctuations.