The Graph (GRT) has flipped the Polygon (MATIC) coin to become the most traded coin by the 1000 largest Ethereum (ETH) whales in the past 24 hours. GRT Coin has also made it to the list of the top 10 coins bought by the largest ETH wallets. The coin is in ninth place.
GRT Coin Most Traded Crypto By ETH Whales
The 1,000 largest Ethereum wallets are worth an average of $143.66 million and have an average of 40,453 ETH, 38 tokens and 1 NFT.
The largest ETH whales have shown interest in the coin, making it the third most used contract in the past 24 hours. However, USDC and Ethereum top the list with first and second positions respectively.
UNI coin is the token most held by the ETH whales while the FTX coin is still the largest token held by the value of the dollar. The largest wallets hold more than $1.5 billion dollars in FTX tokens. It makes up more than 19% of the total of the rest of the coins.
Graph (GRT) Coin Drops New Announcements
Recently, The GRAPH has made some announcements related to Subgraph, NFT use cases and more.
NFT usage scenarios evolve. Transfer of ownership of subgraphs is now possible with unique NFTs 💥
This allows developers with larger teams and DAOs to collaborate more effectively on subgraph development 🤝
More information about the feature: https://t.co/TJYU1si7JE pic.twitter.com/HTqk4LoMKj
— The Graph (@graphprotocol) February 23, 2022
The Graph is a project focused on the future of data retrieval and management. It is currently hosted on Ethereum, while it plans to add support for the Ethereum virtual machine.
A gaming subgraph has migrated to The Graph Network!
@NiftyLeague is a community-run game studio known for its NFT infused fighting game “Nifty Smashers”.
In-game NFT data is retrieved in a decentralized manner using the Nifty League subgraph. Read more 🔍⬇️ pic.twitter.com/g7Frnuv35e
— The Graph (@graphprotocol) February 11, 2022
The growing list of sub charts can be cited as the main reason why GRT is attracting the attention of investors. Subgraphs are open Application Programming Interfaces (APIs) provided by the network for popular decentralized applications and blockchain protocols. It can be built by anyone and is designed to make data easily accessible.
Recently, Subgraphs have been launched for individual projects, such as the migration of the gaming subgraph for a community-led game studio, NiftyLeague. Previously, Subgraphs were integrated with Juicebox Protocol and AssangeDAO.
The Graph token is trading at an average price of $0.351883 with a 24-hour trading volume of $124,281,861. It is down 0.19% in the last 24 hours. According to Coinmarketcap, GRT ranks 56th with a total market cap of over $1.6 billion.
Disclaimer
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication is not responsible for your personal financial loss.
About the author
Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analyses. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]
This post Graph (GRT) flips over MATIC and becomes the most traded token by ETH Whales
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