The Graph (GRT) was the most traded cryptocurrency by the top 1000 Ethereum (ETH) whales in the past 24 hours, surpassing Polygon (MATIC). GRT also topped the list of top 10 cryptocurrencies bought by the largest ETH wallets. Altcoin ranks ninth on the list.
The top 1,000 Ethereum wallets are worth an average of $143.66 million and hold an average of 40,453 ETH, 38 tokens and 1 NFT. The biggest ETH whales have been showing intense interest in GRT in the last 24 hours. However, USDC is in first place and Ethereum in second place. UNI token is the most widely held coin by ETH whales, while FTX is still the largest altcoin held by dollar value. The largest wallets have over $1.5 billion in FTX. FTX accounts for over 19 percent of total cryptocurrency holdings.
Recently, GRAPH released some announcements regarding Subgraph and NFT use cases.
Graph is a project focused on the future of data acquisition and management. The altcoin currently resides on Ethereum as it plans to add support for the Ethereum virtual world. The fact that GRT is listed on more and more exchanges every day can be called the main reason for attracting the attention of investors.
The ecosystem, called SubGraph, is network-provided open application programming interfaces (APIs) for popular decentralized applications and Blockchain protocols. It can be created by anyone and is designed to make data easily accessible.
Recently, initiatives have been launched for individual projects such as porting the game SubGraph to NiftyLeague, a community-led game studio. It was previously integrated with Subgraphs, Juicebox Protocol, and AssangeDAO.
The Altcoin Graph is trading at an average of $0.351883 with a 24-hour trading volume of $124,281,861. According to Coinmarketcap, GRT ranks 56th with a total market capitalization of over $1.6 billion.