GRT is the utility token for The Graph. Here are some of its uses:
Transaction Fees
GRT is used to pay query fees by dApps using The Graph’s indexing and querying services for essential data. In this manner, it functions as the native currency within the network.
Indexing Rewards
Indexers stake $GRT and receive rewards for indexing subgraph deployments on the network. Curators in the network can also earn GRT tokens for their contributions.
Staking
Delegators in The Graph can stake GRT to one or more indexers in the network. Even though delegators do not run a Graph Node themselves, the staking operations they contribute to can also help increase the overall security of The Graph Network. They receive rewards and can grow their GRT holdings by delegating their tokens.
Token Burning
Developers lock up GRT to boost indexing activities and query subgraphs for their work. In addition, GRT is also burned by subgraph developers whenever they upgrade a subgraph.
Crypto Asset to Trade and HODL
Trade The Graph against other crypto assets in the market to profit from changing market conditions and volatility. You can buy or sell GRT against other cryptocurrencies or hold it if you believe in the long-term potential of The Graph project. Check The Graph price today, GRT market cap, circulating supply, analyze The Graph price chart, and the latest crypto news before you trade GRT in the market.
Earn Passive Income on KuCoin
KuCoin lets GRT token holders grow their holdings risk-free and conveniently through our Crypto Lending service. Use this section to lend liquidity for GRT over seven days, 14 days, or 28 days, and earn attractive daily interest to generate passive income safely.