The Graph Launches x402 Payment Feature for On-Chain Data Access

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

Should l Buy GRT?

Launch of x402 Payments: The Graph has enabled x402 payments in its Graph Gateway, allowing developers and AI agents to purchase on-chain data using USDC on a pay-per-request basis, significantly streamlining data access processes and enhancing user experience.
No API Key Required: This new feature eliminates the need for API keys or accounts by using HTTP 402 responses and on-chain payments for authentication, thereby lowering the barriers for developers to access indexed blockchain data.
Integration with Coinbase Ecosystem: The update connects The Graph directly to the x402 machine payments ecosystem promoted by Coinbase, enhancing its position as a native data feed for AI agents and machine-to-machine workflows, thus driving the commercialization of blockchain data.
New Interface and SDK Released: The Graph has introduced a new /api/x402/ interface and payment SDK, supporting any tools compatible with the x402 protocol, further expanding its application scenarios in DeFi and Web3 applications.

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Technical Analysis for GRT

Technical Sentiment Analysis for The Graph (GRT). As of , The Graph (GRT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for GRT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, GRT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

The Graph (GRT) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0186	0.0215	0.0245	0.0275	0.0305	0.0334	0.0364
Fibonacci	0.0215	0.0238	0.0252	0.0275	0.0297	0.0311	0.0334

About GRT

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 learn more about this project, check out our deep dive of The Graph.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.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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