AI Cryptocurrencies Double in Value, Reaching $25B Market Cap in Just 20 Days
The surge in AI crypto market cap can be largely attributed to the increased attention and adoption of AI solutions.
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The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.
The surge in AI crypto market cap can be largely attributed to the increased attention and adoption of AI solutions.
Amid the current fluctuating market conditions, the presale of Algotech (ALGT) has emerged as a stable and profitable investment option.
To boost network performance, The Graph will invest in improved Indexer tooling and operational capabilities. These upgrades aim to increase scalability, reduce costs, and enhance network reliability.
CoinEx has reassured all its customers that all the affected parties shall receive a refund of 100%. The exchange also said that it would release a detailed report soon.
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