What is The Graph's market cap?

Multiply the live GRT price by the circulating supply — around 10.8 billion GRT as of 5 August 2026. The calculator above loads the current price and does this for you; the result updates the moment you change either field.

How do I calculate the GRT price at a given market cap?

Divide the target market cap by the circulating supply. The comparison field above does it directly and also shows the multiple against today's GRT price, which is usually the more sobering number.

Does The Graph have a fully diluted valuation?

Not a meaningful one. GRT has no fixed maximum supply, so there is no final coin count to price. Judge it on current market cap and the annual issuance rate instead of on FDV.

How do you calculate crypto market cap?

Market cap = current price × circulating supply. A coin at $2 with 500 million coins in circulation has a $1 billion market cap. Note that it is circulating supply, not total supply — tokens still locked in vesting contracts or a treasury are excluded.

What is the difference between market cap and FDV?

Market cap uses only the coins in circulation today. Fully diluted valuation (FDV) prices every coin that will ever exist, including locked and unminted supply. A project with a $200M market cap but a $2B FDV has 90% of its supply still to hit the market.

The Graph · GRT

The Graph Market Cap Calculator

Calculate The Graph (GRT) market cap from the live GRT price and circulating supply — plus FDV, and the price GRT would need to reach any target valuation.

Result

Enter values to see the result.

Using the The Graph Market Cap Calculator

Market cap is simply the live GRT price multiplied by the number of coins in circulation, and this page does that with the current price loaded for you. The supply field starts at roughly 10.8 billion GRT, which is where it stood on 5 August 2026 — supply moves, so check it against a market data source if you need an exact figure, and edit the field.

The Graph has no hard supply cap, so there is no honest fully diluted valuation to quote — the FDV rows stay empty unless you enter a total supply yourself. That is a genuine difference from capped assets: with GRT the question is not how much locked supply is waiting, but how fast new supply is issued relative to demand.

The comparison field answers the question people actually come here for: what would GRT be worth at some other valuation? Enter a target market cap and the calculator returns the implied GRT price and the multiple from here. It is arithmetic, not a forecast — reaching a larger cap means absorbing every holder willing to sell on the way, and gRT trades on general dapp activity rather than on any single catalyst, which has made it a slow, high-beta follower of the market.

The Graph at a glance

Launched: December 2020
Role: Decentralised indexing and querying for blockchain data
Max supply: No hard cap — ~3% annual issuance, partly offset by burning
Roles: Indexers, Curators and Delegators, each staking GRT
Delegation tax: A percentage is burned when you delegate
Native staking: Yes — delegate to an Indexer

Frequently asked questions

What is The Graph's market cap?: Multiply the live GRT price by the circulating supply — around 10.8 billion GRT as of 5 August 2026. The calculator above loads the current price and does this for you; the result updates the moment you change either field.
How do I calculate the GRT price at a given market cap?: Divide the target market cap by the circulating supply. The comparison field above does it directly and also shows the multiple against today's GRT price, which is usually the more sobering number.
Does The Graph have a fully diluted valuation?: Not a meaningful one. GRT has no fixed maximum supply, so there is no final coin count to price. Judge it on current market cap and the annual issuance rate instead of on FDV.
How do you calculate crypto market cap?: Market cap = current price × circulating supply. A coin at $2 with 500 million coins in circulation has a $1 billion market cap. Note that it is circulating supply, not total supply — tokens still locked in vesting contracts or a treasury are excluded.
What is the difference between market cap and FDV?: Market cap uses only the coins in circulation today. Fully diluted valuation (FDV) prices every coin that will ever exist, including locked and unminted supply. A project with a $200M market cap but a $2B FDV has 90% of its supply still to hit the market.

More GRT calculators

The Graph Profit Calculator

Free The Graph (GRT) profit calculator. Enter your buy and sell price to see GRT profit, loss, ROI and fees — prefilled with the live GRT price.

The Graph DCA Calculator

Free The Graph (GRT) dollar-cost-averaging calculator. Model recurring GRT buys to see coins accumulated, average entry and portfolio value at today's live price.

The Graph Average Buy Price Calculator

Work out your weighted average The Graph (GRT) entry price across multiple buys — and see exactly where your break-even sits.

The Graph Staking Calculator

Estimate The Graph (GRT) staking rewards over any period. Prefilled with a typical GRT reward rate and the live GRT price — edit both to match your validator.

The Graph Liquidation Price Calculator

Find the exact The Graph (GRT) price that liquidates your leveraged position. Prefilled with the live GRT price — set your leverage and direction.

Prefer the generic version without GRT presets? Open the Crypto Market Cap Calculator.

For educational purposes only. Rates, fees and protocol parameters change — verify current figures with your exchange or validator before acting. Not financial advice.