Right now this coin has a fully diluted market cap of 5.2 billion. Frankly, that's honestly not that high. For comparison, Link has a fully diluted market cap of 18 billion. Despite this, people here constantly FUD GRT in regards to its tokenomics and insane amount of tokens that will plummet the price back down to single digit cents.
Am I missing something? A coin like this should easily have double digit or even triple digit fully diluted valuation given that it is one of the core backbones of Web3.
Anyone still fudding with claims about an impending dump of billions of tokens is just trying to scare newfags into selling for shits and giggles.
The pre-unlock liquid supply of around 300M has increased to about 2.6B, and there's a case to be made that there has since been some price suppression from whales taking profit, but I really don't see the dilution getting much worse at this point. The last major unlock was in December, and the rest of the supply will be gradually unlocked over 4+ years, during which the protocol's integrations and usage will continue to grow.
Hopefully a complete migration to mainnet (for Ethereum at least and its sidechains at least) will happen sooner rather than later so that customer demand can take liquid supply off the markets and lock it into the protocol. The business development personnel at Edge & Node are prioritizing accelerating things beginning this quarter.
In short, aside from last year's unlock fud and the curation bonding curve which will be fixed in due time, the tokenomics are pretty sound.
Zachary Sanders
>Value proposition based on Web 3 speculation, an imaginary concept already tainted by NFT and Meta faggotry. Could take over a decade to be taken seriously, if decentralization takes off. >Hosted service for queries = no query fees = no financial incentive for backers other than 10% apt. Also means no pump because dapps don't pay a penny to use GRT
Brody Sullivan
>the nintendo of blockchain >the duckduckgo of kentucky fried chicken >the opposable thumbs of fingers >the blockchain of google >the double-decker of party favors >the plug of butts >the barloid of the garloid >the askjeeves of bike locks >the yahoo of door handles >the backbone of defi >the google for web3 >the bitcoin of cryptocurrency >the catholicism of finance >the sausage of hotdog >the garlic bread of money >the API for APY >the sanrio of blockchain >the mahatma ghandi of these cocaine calisthenics. >the zippo of crypto >the lamborghini of ferrari >the doordash of runscape >the uniswap and coingecko >the yoo-hoo of chocolate drinks >the sasha grey of anal porn >the thai ladyboy of trannies >the starbucks of coffee >the katrina of hurricanes >the never of womanhood >the strawberry milk of roofing tiles >the blacked of pornhub >the anal fissure of ass problems. >the bag of hodling of bags >the tranny of blockchain >the bing of chainlink >the chai latte of iraq. >the chicken of barnyard animals. >the kerrygold of butter. >the big up to your chest >the pnd of Any Forums >the xenophobe of xenogeny. >the squat plug of web search engines. >the sneed's of seed and feed >the dyson of vacuums >the fly of stink >the pappy van winkle of bourbon. >the grey goose of vodka. >the rinnegan of visual prowess. >the torn condom of my love. >the Malena Morgan of lesbians. >the toyota of cyberspace >the yahoo of sickening losses >the amazon of worker exploitation >the orange man of the democrat party >the yandex of yolo >the Any Forums of reddit >the red robin of APIs
non fud thread? all web 3 will use GRT in the future.
Jonathan Foster
The key question is going to be whether decentralization can outperform centralization. To accomplish this, Web3 is going to need to offer not just superior services at a lower cost than centralized infrastructure/services, but also some additional competitive edges to attract and secure adoption by real world enterprises. For now its appeal lies largely with idealists, dissidents, creators, and speculators, and that alone has driven and will continue to drive quite a bit of growth, but the next leg up is critical, especially if The Graph is to have a chance at become everything we hope it will.
Logan Hill
currently no centralized versions in the works or in a functional state at all right now. there's that ETH service but even then ETH is still using GRT and everything on it. once the hosted service to mainnet transition starts it'll be peak hype
Nearly 3B already locked up in delegating/indexing. When the hosted service is sunset, we will begin to see rapid growth. I'm calling $4-$7 eoy and I can post my calculations if anyone cares.
Grayson Smith
Would love to see user
James Miller
I also see this formula thrown around but have never seen it broken down: 60e9*1.14^12/7500/2.6e9*x
Cooper Morales
depends how many faggots stay on centralized exchanges like coinbase.
You are correct that there are currently no centralized versions of what The Graph is doing, and web3/defi/crypto projects are (generally) reluctant to integrate with centralized compute infrastructure, and I would not be surprised if mainnet migration brings some gains.
In my last post I was referring to Web3 at large, the ideal of a paradigm shift towards decentralization of internet services and human coordination, and attracting industrial adoption.
The "next leg up" I'm referring to is Web3 services reaching a degree of economic viability where their services attract non-crypto entities and institutions on a large scale. What would Web3 need to look like for the execs of a midsize ecommerce business like the one I work for to want migrate to decentralized infrastructure (as opposed to, say, AWS), and how will Web3 reach that scale, speed, and efficiency, where its value proposition is only ignored at the peril of businesses and their competitive edges?
CEXes are a relatively minor obstacle in the grand scheme of things. Aside from fiat on/offramps, DeFi is already in a good position to give them a run for their money.
Please share. A number of us do analysis and forecasting of The Graph, and so other contributors to the ongoing discussion are always welcome.
Jeremiah Watson
> 60e9 Queries last month.
> 1.14^12 Last year's average month-over-month query volume growth (14%), projected out 12 months.
> 7500 Placeholder for average query cost based on DataNexus's "6,000-10,000 queries per dollar" figure.
> 2.6e9 Total GRT currently staked (now 2.7e9)
> * x Multiplied by the size of a GRT stack, and any other desired multipliers, such as deducting indexer cut, or multiplying by 12 for an annual yield approximation, or a 12 month multiple with growth assumptions cooked in as well if you really want to get detailed.
Jaxson Cruz
Decentralization ever outperforms in centralization, that's not the reason for decentralization, security is. Centralized servers can never compete with the security that decentralized servers can. All of this is coming about because the world was primed for it. Government corruption everywhere, at every level and a corrupt population.
Grayson Rodriguez
You'll be quite surprised how few businesses give much thought to infrastructure security before learning about its importance the hard way.
Security/verifiability concerns are the stick - but what is the carrot? Also, what encourages governments to reform themselves and become more publicly accountable when their incentives seemingly lie in doing the opposite with a complacent populace?
That may be the case for older businesses but newer businesses are taking that into account because they know the climate they're opening in and that's a doubly true for anything technology related. And there is nothing that encourages government reform except nooses.
