The Graph (GRT), which describes itself as the Google of blockchain and enables the storage of information happening on the blockchain through indexing, has raised $50 million in a funding round led by Tiger Global.
FinTech Collective, Fenbushi Capital, Reciprocal Ventures and Blockwall Digital Assets Fund also participated in the financing round that took place on January 20, 2021.
Allowing developers to easily access data Subgraph A tool created to query blockchain data using open-source APIs called indexing protocol of The Graph, Web3 It is thought to provide the texture necessary for the smooth functioning of the blockchain-based internet in technology.
The Graph provides indexing of data from 26 different blockchain networks, including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, and IPFS. In addition, Subgraph is said to be used by Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius, and Decentraland.
Caused by the downward movements of approximately bitcoin in the last seven-day period. 16% The Graph, which lost value, according to CoinMarketCap data at the time this article was written. 0.484 traded in dollars. GRT is the 54th most valuable cryptocurrency in the list made by CoinMarketCap. Coin’s daily trading volume is approx. 170 million dollars.