The Graph Unveils “New Era” Roadmap

The Graph, a leading protocol for indexing and querying data stored on blockchains, has unveiled a game-changing set of features in its “New Era” roadmap. These enhancements mark a significant milestone for the project, following a successful $50 million fundraising campaign in the previous year.

Key Highlights

Among the key highlights of this roadmap is the integration of AI-assisted querying using large language models, promising to revolutionize data accessibility for Web3 developers. Meanwhile, GRT has experienced a surge in whale activity and a significant influx of new addresses.

AI-Assisted Querying and GRT Surge

According to on-chain analytics firm Santiment, this surge in activity is reminiscent of levels not seen since February. The recent price surge of GRT, reaching highs of $0.158 on 6 November 2023, has been accompanied by a flurry of large transactions and the creation of 620 new addresses.

The Graph Announces Groundbreaking Upgrades, Including AI-Assisted Querying, in “New Era” Roadmap

The Graph’s reputation as the “Google of Web3” stems from its unmatched indexing capabilities, which provide developers with a reliable and trustless means of accessing data stored on blockchains. With this latest development, The Graph aims to further solidify its position as a pivotal player in the blockchain ecosystem.

AI-Assisted Querying: A Game-Changer for Web3 Developers

The most eye-catching feature in The Graph’s “New Era” roadmap is undoubtedly the introduction of AI-assisted querying with large language models. This cutting-edge technology will empower developers with the ability to perform complex data queries using natural language, greatly reducing the technical barriers to entry for blockchain development.

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Firehose and Substreams: Turbocharging Blockchain Data Indexing

In addition to AI-assisted querying, The Graph is introducing several other features designed to enhance its indexing capabilities. Two standout additions are Firehose and Substreams. Firehose represents a breakthrough technology for speeding up the indexing of blockchain data. It promises to make data retrieval faster and more efficient, ensuring that developers can access real-time information with minimal latency.

Verifiable Data and ethereum‘s Archive Data

The “New Era” roadmap also places a strong emphasis on data integrity and accessibility. The Graph will introduce mechanisms for verifying data, ensuring that developers can trust the information they retrieve from blockchains. Furthermore, The Graph’s roadmap includes a solution for accessing ethereum‘s archive data when EIP-4444 goes live.

Web3 Evolution: A Trustless Approach to Blockchain Data

The Graph’s unique value proposition lies in its web of “delegators” and “indexers,” which eliminate the need to rely on centralized intermediaries for data accuracy. This trustless approach has garnered significant attention and support from the blockchain community.

Strong Backing and a Bright Future

The Graph’s success story is also mirrored in its fundraising efforts. In 2022, the project raised an impressive $50 million in funding, attracting investments from prominent names in the blockchain industry such as Tiger Global, Blockwall Digital, Fenbushi Capital, FinTech Collective, and Reciprocal Ventures. This substantial funding underscores the confidence that investors have in The Graph’s mission and capabilities.

The Graph (GRT) Witnesses Surge in Whale Activity and New Addresses, Signaling Bullish Momentum

Santiment’s analysis highlights the remarkable increase in whale activity within the GRT ecosystem. A total of 149 individual GRT transactions, each worth more than $100,000, were reported during this period. Additionally, the generation of 620 new addresses indicates a growing interest in The Graph’s protocol and its native token, GRT.

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Historic Movement of Dormant Tokens

One of the standout aspects of this recent surge in GRT activity is the movement of dormant tokens held in large wallets. Santiment notes that GRT’s dormant token movement has been historic, suggesting that significant holders are now circulating old tokens. This movement of previously untouched tokens could signify a renewed interest in the project and a desire to participate in the growing ecosystem.

Steady Rise Since October

The Graph’s impressive price performance has been evident since mid-October when it hit a low of $0.076 on 19 October 2023. Since then, GRT has been on an upward trajectory, nearly doubling in price according to Santiment’s analysis. This upward movement coincides with the surge in whale activity and the influx of new addresses, indicating strong bullish sentiment in the market.

A Promising Outlook for The Graph

The recent surge in whale activity, the creation of new addresses, and the movement of dormant tokens all point to a promising outlook for The Graph and its native token, GRT. The increased interest from both large investors and newcomers to the ecosystem suggests growing confidence in the project’s fundamentals and its role in the decentralized indexing space.

Price Overview

GRT was able to reach a high of $0.136117 over the past 24 hours, according to the cryptocurrency price tracking website CoinStats. Since then, it has pulled back slightly to trade at $0.134197 at press time. Despite the correction, the altcoin was still up more than 2% over the past 24 hours and was trading closer to its 24-hour high than its low for the same period, which was situated at $0.129934.

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Price chart for GRT (Source: CoinStats)

This positive daily gain added to GRT’s positive momentum over the longer time frames as well. CoinStats data indicated that the cryptocurrency was also up more than 16% over the past week. Meanwhile, its monthly and yearly performances stood at +65% and +77% respectively.



### News source: coinpaper.com

By Team