Developers building dApps on Optimistic Ethereum will be able to deploy subgraphs from public launch

The Graph price is crawling back as sentiment in the cryptocurrency industry and stocks improve. GRT, its native token, is trading at $0.7081, which is a few points above this month’s low of $0.5728. Its total market capitalization has dropped to more than $3.7 billion. It is the 46th biggest cryptocurrency in the world and is sandwiched between Helium and Tezos.

The Graph protocol has been enjoying significant popularity in the DeFi space lately, especially after Ethereum co-founder Vitalik Buterin announced a strategic roadmap to expand the available data space for roll-ups using the Graph protocol.

GRT crypto market dominance along with its market cap is observing a bearish downtrend in the daily chart and can soon see a new high. The asset price has to go more than 65% from its current level to break its ATH. The volume to market cap ratio of the GRT is currently near 0.11, and if the ratio jumps over 0.9 then a strong bullish trend can be seen.

Decentralized smart contracts platform, Avalanche, has integrated with The Graph to expand querying and indexing on the platform. According to a press release shared with Coin Rivet, developers building on Avalanche can easily query custom on-chain data requests, without having to run a full node, via subgraphs, which are indexes of specifically-defined blockchain data. More than 9,000 subgraphs have been deployed as of February this year, with more coming online as The Graph expands support across major layer 1 blockchains.

The Graph Coin Price: The Graph coin is one of the popular coins among crypto investors. This coin ranked at 42 based on coin market capitalization, according to coinmarketcap. The price of the coin while writing this article is $1.01.