Since the beginning of yesterday, the value of The Graph’s native token, GRT, has increased by more than 18%, recouping the previous few days’ losses and returning to $0.174 per token. According to CoinMarketCap, The Graph (GRT) is the market leader in the crypto market’s AI and Big Data sectors, with a market capitalization of more than $1.5 billion.
GRT to USD conversion by CoinMarketCap
Several factors contribute to GRT’s current price movement. One is more ephemeral and explains the rise in the value of The Graph token due to the pumping of all cryptocurrencies associated with artificial intelligence.
Arbitrum’s Graph (GRT)
The second reason is that it was discovered that the protocol had completed the primary stage of integration into the Layer-2 community on Ethereum, particularly Arbitrum (ARBI). Because of its deployment on Ethereum’s most-hyped L2, The Graph has been able to scale its operations while increasing the speed and affordability of participation for its customers.
Nonetheless, the method of deploying The Graph (GRT) on Arbitrum is far from complete. For the time being, the protocol is enabled, but GRT is only accessible via a bridge on the brand-new network. Two additional phases must be completed before the migration is complete. The following section would enable indexing rewards in Arbitrum.