Graph Network has now finally <a href="https://cryptoslate.com/this-ethereum-based-crypto-just-launched-and-it-already-has-a-2b-diluted-market-cap/" target="_blank" rel="nofollow noopener">gone</a> live that helps the users to access data from various blockchains. The developers will be able to integrate the data of the network into their decentralized applications using subgraphs. The network’s technology also powers several DeFi applications that include Uniswap, Balancer, and others. Graph Network is financially backed by a lot of prominent firms in this space, including Coinbase Ventures, Framework, ParaFi Capital, and several others. 
<h2>Native Token of Graph Network Surged by 150%</h2>
As soon as Graph Network has gone live, it has experienced a major surge as it has gained $315 million of circulating market capitalization, within just 24 hours. Along with this, it has also gained $2.6 billion of fully diluted market capitalization within the same time period. Through this, it can become one of the largest cryptocurrencies.

GRT token, which is the native token of Graph Network can surge by 150% after getting listed on <a href="https://www.cryptoknowmics.com/news/cmc-buyout-by-binance-might-give-benefit-to-coingecko/">CoinGecko</a>. As soon as the token was launched, it was able to gain support from several top exchanges like Binance, OKEx, and Coinbase Pro. 
<h2>GRT Among the Most-Traded Cryptocurrencies</h2>
As the GRT token can gain huge volume within just 24 hours, as it has emerged among the most-traded cryptocurrencies. It is revealed that the GRT utility token will also let the indexers run their services along with making profits. A lot of people have also associated the Graph Network as the competitor of <a href="https://www.cryptoknowmics.com/news/beam-announces-integration-with-chainlinks-price-feeds-for-defi-apps/">Chainlink</a>. However, one of Chainlink’s analysts has clarified this by saying:

“The Graph is not a competitor to Chainlink because it’s not an oracle and doesn’t deliver data on-chain, it is an off-chain indexing service for front-end UIs.”

Along with this, it is also stated that to compete with Chainlink it will require oracles, hence, it is not a competitor.

Graph Network Goes Live, Gained $2.6B Diluted Market Capitalization

Graph Network has now finally gone live that helps the users to access data from various blockchains and gained $2.6 billion of diluted market cap.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Graph Network Goes Live, Gained $2.6B Diluted Market Capitalization

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