Graph Token (GRT) API and Price Oracle

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Graph Token

GRT
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0xc944...44a7
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Graph Token (GRT)?

The Graph Token (GRT) is a cryptocurrency that serves as the native token of The Graph, a decentralized indexing protocol for blockchain data. It was founded in 2017 by Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez. The Graph aims to enable developers to efficiently access and query blockchain data. The token's name originates from its function as a tool for indexing and querying data on the graph.

How does Graph Token work?

The Graph Token is the native cryptocurrency of the Graph protocol, a decentralized protocol that enables users to index, query, and process data from blockchains. The Graph protocol is built on a blockchain called Ethereum, which is a public blockchain known for its smart contract capabilities.

At its core, the Graph protocol uses a concept called "indexing" to organize and make blockchain data easily accessible. Indexing involves creating a data structure called a subgraph, which defines what data from the blockchain should be indexed and made available for querying.

The process begins with "indexers" who run nodes and index the blockchain data. They create subgraphs by defining what specific data they want to index, such as token transfers, user interactions, or smart contract data. This indexed data is then stored on decentralized storage networks like IPFS or Filecoin.

Once the subgraphs are created, "curators" come into play. Curators review the subgraphs and signal the ones they believe are valuable. When a curator signals a subgraph, they stake Graph Tokens as collateral, which acts as an incentive to ensure the subgraph is accurate and reliable.

Finally, "consumers" can access the indexed data by querying the subgraphs using a GraphQL API. This allows developers to quickly retrieve specific data from the blockchain without the need to process the entire chain.

Overall, the Graph Token powers the economic model of the Graph protocol, rewarding indexers for their work, and allowing curators to express their confidence in specific subgraphs. By leveraging Ethereum's infrastructure and indexing technology, the Graph Token facilitates efficient data retrieval and processing from blockchains.

What are the benefits of Graph Token?

Graph Token (GRT) offers several benefits compared to its direct competitors in the blockchain industry.

Firstly, GRT enables efficient and reliable data querying and indexing. It serves as a decentralized protocol for querying and indexing data from various blockchains and off-chain sources. This provides developers with easy access to the required information, which helps in building decentralized applications (DApps) and smart contracts faster and more securely.

Secondly, GRT leverages the power of decentralized governance. GRT token holders can participate in the decision-making process for protocol upgrades and proposals. This ensures that the protocol evolves in a decentralized and community-driven manner, enhancing its overall resilience and adaptability.

Additionally, GRT offers interoperability, allowing developers to seamlessly connect different blockchain networks. This is crucial in a highly fragmented blockchain ecosystem, enabling the integration of data from multiple sources and enhancing the overall usability and efficiency of DApps.

Furthermore, GRT places a strong emphasis on security and trustworthiness. The protocol utilizes cryptographic proofs to ensure the accuracy and authenticity of the data being provided. This makes it a reliable source of information for smart contracts and other applications, mitigating the risks associated with unreliable or tampered data.

Compared to its direct competitors, GRT's combination of data querying efficiency, decentralized governance, interoperability, and security features make it a compelling choice for developers in the blockchain ecosystem. Please note that the comparison to specific direct competitors has not been provided, as it is beyond the scope of the answer.

What is Graph Token used for?

Graph Token, also known as GRT, is the native cryptocurrency of the Graph protocol. It serves multiple purposes within the ecosystem. The primary use case of GRT is for network participants to stake and govern the protocol. Validators stake GRT tokens to secure the network and ensure the accuracy of data indexing and querying. Token holders also have the right to propose and vote on protocol upgrades, making GRT crucial for decentralized decision-making.

Another use case for GRT is for data consumers to pay for query fees. Developers and dApps that rely on the Graph protocol can use GRT tokens to pay for accessing and retrieving data from the indexed subgraphs. This incentivizes the creation of high-quality subgraphs and ensures that developers are rewarded for their contributions to the ecosystem.

One specific use case for GRT involves decentralized finance (DeFi) applications. DeFi protocols often require real-time, accurate data from various sources to function effectively. By leveraging the Graph protocol and paying with GRT tokens, developers can easily access and integrate data from different blockchain networks and traditional APIs. This allows DeFi applications to retrieve reliable information about token prices, liquidity pools, lending rates, and other critical data.

In summary, Graph Token is used for staking and governing the Graph protocol, as well as for paying query fees to access data from indexed subgraphs. One specific use case involves DeFi applications that rely on the Graph protocol to access real-time data from multiple sources.

What is DIA's Graph Token API?

DIA's Graph Token API is a powerful tool provided by DIA to access real-time price feeds of various crypto assets. These price feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, enabling DIA to deliver unique insights that other web3 data providers cannot.

To cater to different needs, DIA offers both free API endpoints for testing purposes and fully customizable, custom feeds. The free price feed API endpoints can be found on the asset's detail page in the DIA App. These endpoints are shared publicly in a standardized format, primarily for informational purposes and testing by developers.

However, DIA also emphasizes the importance of custom feeds. If users require a customized configuration, DIA can build dedicated API price feeds tailored to specific requirements. These custom feeds can be personalized in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The applications of DIA's API are extensive across the blockchain ecosystem. In DeFi scenarios, the price information from DIA's APIs can be used for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in NFTfi applications, DIA's API can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other possibilities.

Ultimately, while DIA provides free API endpoints for testing, the ability to customize feeds according to specific needs highlights the enhanced benefits and usefulness that DIA offers to its users. The API serves as a bridge to access timely and reliable price data to build innovative blockchain applications.

What is DIA's Graph Token price oracle?

DIA's Graph Token price oracle is a powerful tool that provides real-time price feeds for various crypto assets. DIA stands out from other web3 data providers as it is integrated with over 35 layer 1 and layer 2 networks. This extensive integration allows DIA to deploy price oracles in multiple blockchains. DIA's price feeds are meticulously constructed using raw data sourced from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges. The vast amount of data collected enables DIA to offer accurate and reliable price information.

While DIA offers demo oracles for developers to test, these are solely for testing purposes and cannot be integrated into production applications. However, DIA also provides custom configuration options for its price oracle data feeds. These custom feeds can be tailored according to specific requirements, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA through Discord or Telegram.

DIA's custom oracles are particularly valuable as they cater to individual needs and preferences. They allow users to access price data in a way that aligns perfectly with their applications and projects. The use cases for DIA's price oracles in the blockchain ecosystem are diverse, ranging from derivatives, lending, and borrowing markets to NFT-related applications such as NFT lending, derivatives, renting, and fractionalization.

In the context of blockchain technology, an oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in enabling smart contracts to interact with real-world data, opening up a wide range of possibilities for applications across industries.

Overall, DIA's custom oracles offer users the flexibility to obtain tailored price feeds that suit their specific needs, making them an invaluable resource for developers and projects within the blockchain ecosystem.

Why use DIA's GRT API & price oracle?

DIA's GRT API and GRT Price Oracle offer a range of benefits for users in the blockchain ecosystem, particularly for accessing accurate and reliable price data for cryptocurrencies and NFTs. The main advantage of using DIA's API or Price Oracle for a specific token is the high level of customization available. Users can tailor each oracle and API endpoint to suit the specific needs of their decentralized applications.

This customization includes configuration settings such as the data sources that make up the feed, the data cleaning filters and pricing methodologies applied to calculate price points, and the update mechanisms and frequency by which the final feed will update itself. By allowing such customization, DIA ensures that the data and oracle remain robust and resilient to the unique market conditions associated with the chosen data sources.

Transparency is another major benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency across the entire data journey, ensuring users have visibility into how the data is sourced, processed, and delivered. This level of transparency helps build trust and confidence in the accuracy and reliability of the price data.

To further enhance user experience and trust, DIA also offers various tracking and monitoring tools. These tools allow users to closely track the performance of DIA's oracle and API feeds, providing valuable insights and ensuring that the data remains reliable and up-to-date.

In summary, the benefits of using DIA's GRT API and GRT Price Oracle include high customization capabilities, ensuring robustness and resilience to unique market conditions, transparency across the data journey, and tracking and monitoring tools for enhanced user experience.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.