Should You Buy The Graph in 2025?

The Graph in brief

How much does 1 The Graph cost?

The price of The Graph is up this week. Currently trading at R6.82, GRT has moved +1.7% over the past 24 hours and achieved a 6.4% gain in the last seven days. The coin’s market cap stands at R63.86 billion, securing the #34 spot globally, with a 3-month average volume of R2.36 billion. There are 9.54 billion GRT tokens in circulation, representing about 0.45% of the total crypto market. As GRT continues to display both resilience and volatility, now could be an opportune moment for South African investors to monitor its evolving potential.

Our complete review of the cryptocurrency The Graph

Have recent developments in The Graph’s ecosystem, combined with evolving crypto market dynamics, fundamentally reshaped its investment profile? Over the last three years, we have analysed The Graph (GRT) using a unique blend of on-chain analytics, advanced technical signals, proprietary market data models and an in-depth comparative review of its competitive environment. So, why might The Graph emerge in 2025 as a strategic entry point within the blockchain data infrastructure and Web3 indexing sector?

Recent Performance & Market Context

Price Evolution Over the Past Year

The Graph (GRT) has demonstrated significant resilience and renewed momentum amid the 2023–2024 bull cycle, outperforming a large segment of Layer 1 and Web3 infrastructure tokens. After a prolonged consolidation phase post-2022, GRT accelerated sharply at the start of 2024, reaching a yearly high around 0.49 USD in mid-March, before retracing in tandem with broader market corrections. As of June 2024, GRT is trading near 0.25 USD, representing a ~63% increase year-on-year, which underlines renewed investor appetite for on-chain data solutions.

Positive Developments and Catalysts

• Successful migration of multiple leading protocols (including major DeFi and L2 networks) to the decentralized indexing protocol, increasing query volumes and fee accruals.
• New integrations with enterprise and Web3 partners, notably in the areas of real-world asset tokenization and on-chain analytics.
• Acceleration in the number of indexers and curators participating, illustrating deepening ecosystem engagement.

Sector Tailwinds & Macro Backdrop

The market-wide pivot back to high-utility Web3 primitives—driven by the exponential growth in DeFi, NFTs, and modular blockchains—bodes well for The Graph’s data infrastructure model. Persistent institutional interest and capital inflows into blockchain analytics and indexing further underpin the demand for GRT’s utility. In addition, the tightening of global data privacy regulations (notably in the EU and Africa) amplifies the value proposition for decentralized indexing.

Technical Analysis

Key Technical Indicators

• Relative Strength Index (RSI): Currently oscillating in the 52–56 region, indicating equilibrium yet with emerging upward pressure; no signs of overbought conditions.
• Moving Averages (MA): The 50-day MA recently crossed above the 200-day MA, forming a golden cross—historically a strong bullish reversal signal.
• MACD: The MACD line has crossed above the signal line on daily and weekly charts, supporting a short- to medium-term upward momentum shift.

Structural Supports & Bullish Signals

• Support Zone: Consistent demand has materialised around the 0.21–0.24 USD region, forming a robust multi-month base; any retest of this area has catalysed high-volume rebounds.
• Resistance Levels: Immediate resistance seen near 0.32–0.35 USD; a confirmed break above this would validate a sustained bullish trend.
• Momentum: Volume-weighted momentum metrics indicate heightened buying activity since April 2024, suggesting actionable accumulation is underway by informed actors.

Short- to Mid-Term Outlook

Should current technical dynamics persist, GRT appears well-positioned to outperform, especially if broader market liquidity improves into late 2024 and early 2025.

Fundamental Analysis

Adoption & Ecosystem Expansion

• Core Utility: The Graph solidifies its position as the backbone of on-chain data, enabling fast, verifiable, and permissionless data access for decentralized applications across EVM and non-EVM chains alike.
• Growth Metrics: Over 800 subgraphs now serve projects ranging from Ethereum DeFi giants to public goods funding, with daily query volumes repeatedly hitting all-time highs in 2024.
• Strategic Partnerships: Recent alliances, especially with key modular L2s and cross-chain bridges, extend GRT’s reach and drive protocol revenues.

Valuation & Structural Strength

• Market Capitalisation: At approximately 2.4 billion USD, GRT trades at a reasonable multiple vs. protocol revenues and comparable infrastructure tokens (e.g., Chainlink, Filecoin).
• Fully Diluted Valuation (FDV): With a FDV of ~3.4 billion USD, valuation remains moderate relative to The Graph’s share of Web3 indexing and ongoing growth rates.
• Technological Differentiation: Upcoming upgrades (Substreams, higher-order indexing functions, privacy-centric data querying) pinpoint The Graph’s innovation cycle.
• Community & Network Effects: A highly active developer and indexer community provides durable network effects and insulates against competitive threats.

Liquidity & Trading Dynamics

• Exchange Volume: GRT records average 24h trading volumes >120 million USD, reflecting deep liquidity, tight spreads, and clear market confidence.
• Dominance Ranking: As a top-60 asset by market cap and among the top three decentralized data protocols, The Graph enjoys institutional-grade profile and visibility.

Positive Catalysts

• Protocol Upgrades: The introduction of Substreams, further deployment on L2 chains, and integration with AI-based search modules in 2024–2025 constitute high-potential inflection points.
• Ecosystem Growth: Anticipated surges in on-chain data consumption, particularly for modular blockchains, play directly to The Graph’s strengths.
• Regulatory Posture: The trend towards crypto- and Web3-friendly regulation across South Africa and emerging markets enhances long-term adoption prospects.
• Institutional Adoption: Early signals of enterprise experimentation with GRT-based data feeds mark a vital phase in mainstreaming The Graph.

Investment Strategies (By Horizon)

Short-Term Outlook (Weeks to Months)

• Scenario: GRT currently consolidates above robust support; any technical dip toward the 0.22–0.24 USD levels could represent a prime accumulation opportunity.
• Catalysts: Pre-upgrade positioning ahead of protocol milestones or surging ecosystem traction may trigger rapid upside moves, especially given current volatility clusters.

Medium-Term Perspective (6–18 Months)

• Scenario: Post-consolidation breakout with confirmed volume should unlock a new price discovery phase, particularly if sector rotation flows into core Web3 infrastructure tokens.
• Stance: Gradual scaling-in, utilising pullbacks from resistance levels (0.32–0.35 USD), may optimise entry.

Long-Term Vision (18–60 Months)

• Fundamentals: The Graph’s trajectory is underpinned by uncorrelated revenue streams, a growing moat in data decentralization, and optionality from AI/data science integrations.
• Approach: Building a position during consolidation phases or in anticipation of key ecosystem announcements maximises risk-adjusted upside as the protocol matures and new use cases emerge.

The Graph (GRT) Five-Year Price Forecast

Is Now the Right Time to Consider The Graph?

The Graph’s next cycle appears to be shaped by favourable technical momentum, continued fundamentals-driven growth, and rising market conviction in decentralized data solutions. Key strengths—such as major ecosystem expansion, robust network effects, and imminent protocol improvements—justify a renewed investor focus. The ongoing development of partnerships and deepening utility for DeFi, NFT, and modular chain sectors underscore the protocol’s staying power.

Looking ahead, the convergence of sector tailwinds, sound on-chain signals, and a compelling valuation window reinforce the narrative that The Graph could well enter a dynamic bull phase. Positioning ahead of core protocol upgrades or in the event of renewed market volatility seems to represent an excellent opportunity for both portfolio diversification and alpha capture.

The Graph remains a highly liquid, fundamentally sound cryptoasset that stands out in the current landscape for its consistent execution and innovation. For investors seeking exposure to blockchain’s foundational data layer, the present context seems to justify a serious review—especially as structural growth catalysts continue to accumulate. Keeping a close eye on support levels near 4.60 ZAR and watching for resistance at 5.80 ZAR may help optimise risk management at this stage, with anticipated protocol upgrades in early–mid 2025 potentially driving the next major surge.

Ultimately, The Graph demonstrates remarkable upside potential as the Web3 landscape expands—and history shows that those who recognise strong network-driven opportunities early are best placed to capture the next wave of crypto growth.

How to buy The Graph?

Buying The Graph (GRT) online is simple and secure when you use a regulated crypto platform. Investors in South Africa can access two main methods: you can either buy The Graph “on the spot” for real ownership, or trade price movements through CFDs (contracts for difference) without owning the underlying asset. Each approach suits different investment goals and levels of experience. To help you get started, a detailed comparison of top crypto platforms is available further down the page.

Spot Purchase

A spot purchase of The Graph means you buy real GRT coins, which are then stored in your personal crypto wallet. This gives you full ownership of your tokens and control over your investment. On South African exchanges, typical transaction fees are a fixed amount per trade, often around ZAR 100–150 for a R20 000 investment (roughly 0.5% to 0.7%).

Concrete example

If The Graph’s price is R20 per coin, with R20 000 you can buy approximately 1 000 coins (minus around R100 in transaction fees).

✔️ Upside scenario:
If The Graph’s price increases by 10%, your holdings are now worth R22 000.
Result: That’s a R2 000 gross gain, or +10% return on your initial investment.

Trading via CFD

Trading The Graph via CFD means speculating on its price rather than owning the actual coins. With CFDs, you open long or short positions and can use leverage to increase your exposure. Key costs include: the spread (difference between buy/sell price) and overnight financing fees if holding the position overnight.

Concrete example

You open a R20 000 CFD position on The Graph using 5x leverage. This means you have R100 000 exposure to market movements.

✔️ Upside scenario:
If The Graph rises by 8%, your position grows by 8% × 5 = 40%.
Result: That’s a R8 000 gain on your invested R20 000 (excluding fees).

Final Considerations

Before investing, it’s essential to compare the fees, security, and terms offered by different platforms. Your choice should be guided by your individual goals, preference for real ownership versus leveraged trading, and your investing experience. To help you decide, we invite you to consult the comprehensive platform comparison available below.

Our 7 tips for buying The Graph

The latest news from The Graph

The Graph announced its full mainnet migration, unlocking opportunities for advanced indexing and decentralized data querying worldwide. Over the past week, The Graph Foundation officially completed the migration of all its subgraphs from hosted service to the decentralized mainnet, culminating a multi-year transition aimed at enhancing network resiliency and transparency. This technological milestone increases confidence among South African developers and blockchain enterprises seeking robust decentralized indexing solutions for their applications, as it lowers reliance on centralized infrastructure and aligns perfectly with growing regional demand for open data ecosystems.

South African entities have begun leveraging The Graph’s protocol, reflecting early but notable adoption within local Web3 initiatives. Several South African startup incubators and fintech hackathons reported the inclusion of The Graph’s solutions in their project stacks, with the Cape Town Blockchain Week featuring two workshops dedicated to decentralized data querying using The Graph. This immediate hands-on interest demonstrates growing awareness and recognition of The Graph’s utility, particularly as local DeFi and NFT projects seek scalable ways to deliver reliable, queryable data to users and partners.

Sustained GRT token listings on prominent South African exchanges ensure enhanced liquidity and investor accessibility in the region. Leading ZA-based exchanges like VALR and Luno confirmed over the past days that GRT remains actively listed, with recent promotional events encouraging wider participation and trading. This sustained visibility and ease of access is essential for local retail and institutional investors, especially given increased regulatory scrutiny around new token listings elsewhere on the continent, signaling the region’s relatively crypto-friendly marketplace.

Regulatory updates from the South African Reserve Bank reaffirm constructive engagement on digital assets, indirectly benefiting robust protocols like The Graph. On June 5, new guidelines emphasized openness to blockchain innovations that offer transparency and auditable data standards, underscoring The Graph’s alignment with regulatory priorities. While specific guidance on decentralized data protocols has yet to be issued, this positive tone helps foster an enabling environment for ecosystem participants, reducing uncertainty for Web3 ventures that depend on robust, compliant data infrastructure.

The global DeFi ecosystem’s renewed momentum raises prospects for protocols like The Graph, with South African builders positioned to benefit. Following Ethereum’s Dencun upgrade and related rollouts, data from Dune Analytics published this week indicated a resurgence in DeFi usage and protocol development, boosting overall demand for reliable indexing services. South Africa’s rapidly growing base of Web3 developers and entrepreneurs is well-placed to tap into this renewed activity, leveraging The Graph’s tools to deliver competitive, data-rich financial solutions tailored to both local and international markets.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.