The Graph
GRT#156$0.022553+2.51%
The Graph (GRT) is a blockchain indexing protocol and global API that helps developers organize onchain data and access it through GraphQL. Its role is straightforward: make public blockchain data easier to search, query, and use inside decentralized applications. Developers can use Graph Explorer to find and publish the public data they need, while the network supports serverless dApps that run on public infrastructure. The system is coordinated by participants with different jobs. Indexers process queries and stake GRT, Delegators can assign GRT to Indexers to help secure the network and earn rewards, and Curators signal which subgraphs — predefined data feeds from specific smart contracts — are useful so data stays easier to discover. GRT is the native ERC-20 token used to coordinate work across the network. That gives the token a direct role in how data services are maintained rather than treating it as a simple payment asset. The practical trade-off is that The Graph is most useful when developers and data consumers actively rely on its indexed data and subgraphs, so its relevance is closely tied to real usage across Web3 and DeFi applications.
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The Graph lets apps pull blockchain data in a structured, searchable way instead of wrestling with raw onchain information themselves. GRT is the token that keeps the network running, with Indexers, Delegators, and Curators each fulfilling a distinct role.
Smart contract risk scan — checks for honeypots, hidden taxes and more.
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from September 28, 2026
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Rating
Confidence
The Graph (GRT) is changing hands at $0.03442288 after a sharp climb of 26.02% in 24 hours, 54.34% over the past week, and 108.7% over the past month. Trading volume sits at $107.4 million, which points to lively market activity, though volume alone doesn't tell you how many distinct participants are actually driving it. The Fear & Greed Index reads 74 (Greed), down slightly from 78 a week ago, so risk appetite is still running hot even as the sharpest edge of enthusiasm has softened. Beneath the surface, though, the numbers get less flattering: the smart-contract trust score sits at just 25, the ten largest addresses hold 52.94% of all tokens, and GitHub shows zero commits over the past four weeks. Blockchain activity, social sentiment, locked-capital data, and the token-unlock schedule were all unavailable, making it hard to say whether this rally rests on genuine usage growth or is running on momentum alone. Taken together, this coin analysis points to a familiar tension: powerful price action set against real questions about security, concentration, and ongoing development.
The only recent headline tied to the space was a neutral BeInCrypto piece, "Can This TikTok-Style Debate App Fix the Internet's Trust Problem?", published September 23. It doesn't mention any network upgrade, major integration, or other concrete event that would explain GRT's surge. News sentiment here reads as neutral rather than a genuine catalyst — the timing of the rally lines up more with the broader Greed-driven market mood and speculative momentum than with any specific announcement, though that correlation doesn't prove cause and effect.
GRT's gains stack up across every recent timeframe: 26.02% in a day, 54.34% in a week, 108.7% in a month — this isn't a one-session spike but a sustained advance. Trading volume of $107.4 million against a market value near $376.3 million signals intense activity, though it doesn't necessarily mean broad participation or deep liquidity underpins the move. With no clear coin-specific news driving things, the rally tracks closely with the market's elevated optimism, reflected in that Fear & Greed reading of 74. Price strength on its own isn't proof of durable new demand — without visibility into blockchain flows, maximum supply, or the unlock schedule, this coin forecast has to treat the rally with some caution.
The Fear & Greed Index sits at 74 (Greed), four points below last week's 78 — risk appetite is still elevated, though the pullback from peak enthusiasm hints at some cooling. The Federal Funds Rate holds steady at 3.63%, while annual inflation ticked up from 3.54% to 3.71%, creating a somewhat demanding backdrop for speculative assets generally. The Dollar Index climbed from 119.35 to 119.51, adding a firmer-dollar headwind that can make conditions tougher for risk assets. Tracked top stablecoins — major dollar-linked crypto tokens within a fixed measurement set — total $269.7 billion, up 0.5% over the week; that's a neutral liquidity signal and doesn't point to any particular direction for GRT. Specific regulatory developments were unavailable, and the historical Fear & Greed dataset wasn't deep enough to support a solid 90-day comparison.
This coin market analysis leans cautious overall, despite exceptionally strong recent price momentum. Low contract trust, concentrated token ownership, and zero recorded commits in four weeks outweigh the rally and the project's historical development track record.
GRT climbed 54.34% over seven days and 108.7% over 30 days amid heavy trading and a broader market mood of Greed. There's no major coin-specific news event behind the move, and missing blockchain-flow and supply data make it hard to confirm whether lasting demand is actually driving it.
On the strength side: powerful multi-period momentum, heavy trading activity, an open-source contract, and a strong historical record of code contributions. On the risk side: a trust score of just 25, flags for a hidden owner and token-creation ability, 52.94% concentration among the ten largest addresses, no recent development commits, and limited visibility into future token supply.
Market sentiment as a contrarian reality check for this analysis.
Balanced sentiment
Sentiment is balanced. In this zone, coin-specific fundamentals and on-chain data usually matter more than macro mood alone.
Historical BTC performance
When the index sat between 40 and 59, BTC historically moved an average of +3.0% after 30 days and +9.0% after 90 days.
Current
48
out of 100
Neutral
The Graph (GRT) is changing hands at $0.02836254, giving it a market capitalization of roughly $310 million after a 24-hour gain of 8.85% and a weekly climb of 38.16%. Zoom out further and the 30-day gain reaches 61.21% — strong momentum on paper, though a rising chart alone doesn't prove lasting demand. The Fear & Greed Index sits at 74 (Greed territory), up three points over the past week, which points to a market in a risk-taking mood but also one that's getting crowded with optimism, raising the odds of a sharp pullback. Against this backdrop, several red flags stand out in this coin analysis: a security trust score of just 25, hidden ownership, the contract's ability to mint new tokens, and heavy concentration among a handful of addresses. Development activity has also gone quiet, with zero commits logged over the past four weeks despite a lengthy history of GitHub work. Taken together, this coin market analysis suggests the risks currently outweigh the rally's momentum. Missing on-chain data, token-unlock schedules, and locked-capital figures make it even harder to judge how durable this move really is.
The Graph (GRT) is changing hands at $0.02628652, up 10.98% over the past 24 hours and roughly 51.9% across both the seven-day and 30-day windows. Daily volume of $23.79 million points to lively trading, though it doesn't tell us how many distinct participants are actually driving that activity. The Fear & Greed Index sits at 71 (Greed), having climbed from 50 just a week ago — a reading that reinforces the current momentum but also raises the odds of a sharp reversal once enthusiasm cools. Set against that strength, the tracked GitHub repository shows zero commits in the past four weeks, the contract trust score comes in at a middling 55, and the ten largest wallet addresses hold 52.94% of all tokens. Coin-specific on-chain flows, token unlock schedules, news coverage, social sentiment, and DeFi activity are all unavailable right now, which makes it hard to tell whether this rally is backed by genuinely improving network use. Put together, this coin analysis points to a mix of powerful price momentum and real concentration, development, security, and information risks — the kind of setup that calls for caution rather than conviction.
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$0.022553
24h
+2.51%
7d
-8.97%
30d
-26.12%
Max supply isn't known.