The Graph's GRT has risen 55% over the past week amid significant growth of the platform's ecosystem. LedesmaLyllah reports.
The two main sources of revenue for the project are inflationary indexing rewards and query fees paid by data consumers, according to a Messari February report on the protocol.showed that in the fourth quarter of 2022, The Graph witnessed a 66% quarter-over-quarter increase in GRT revenue from query fees The report also noted that query fees “should continue to increase as more subgraphs are migrated to mainnet in the coming quarters.
Some analysts also attributed GRT’s rally to its link to Artificial-Intelligence related tokens, which have been surging recently due to the ChatGPT effect. CoinMarketCap’s
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