Jan 052021
 
Buy GRT Graph Token

This is a guide on how to buy GRT or the Graph Token from the project The Graph. The Graph has emerged as an essential middleware for a number of decentralized finance (DeFi for short) applications over the last few years. It allows developers to quickly build their applications and pull data from the Ethereum blockchain without having to write a lot of custom code. They can create ‘sub graphs’ that contain this data their applications need. Applications like Uniswap rely on The Graph’s middleware to show trading data. It has become an important piece of the developer stack in DeFi.

The Graph recently announced the launch of its own token, GRT.

Before you decide to buy GRT, note that there is a pretty large inflation and a lot of new supply coming into the market over the next few months from VCs and founders. This could depress the price, somewhat similar to CRV, in the short to medium term.

How to Buy GRT

If you want to buy GRT, the best way is via an aggregator of DeFi exchanges like 1inch. This should give you the best pricing as far as DeFi exchanges go. You don’t need to manually check Uniswap, Balancer, Matcha, etc. to find the best execution anymore.

If the gas is too high, you can always use Binance to buy GRT. Trading fees here should be much lower (and no 0.3% LP fee either) due to it being a centralized exchange.

If you don’t have any Ether ETH yet, buy on Coinbase and then use 1inch or Binance as described above.

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