Autor Cointelegraph By Jordan Finneseth

As the growing digital economy undergoes a transition from Web2 to Web3, oracle and data providers are becoming an increasingly important sector for ensuring the reliable sharing and transfer of information. The Graph (GRT) is one protocol that is spearheading the integration of blockchain technology with data management and retrieval through the creation of open APIs known as subgraphs. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.3155 on March 13, GRT has climbed 38.6% to a daily high of $0.44 on March 15 where it is now attempting to flip this major resistance level into support. GRT/USDT 4-hour chart. Source: TradingViewThere are three underlying reasons behind GRT’s price rally: the ongoing migration of subgraphs to the Graph mainnet, the launch of grants to help projects build on or migrate to the decentralized network and the upcoming Graph Day 2022, which will take place on June 2.Migration of subgraphsThe biggest development surrounding GRT is the ongoing migration of Ethereum subgraphs to the decentralized mainnet of the Graph network. The Graph ecosystem is championing decentralization as Ethereum subgraphs continue to migrate to The Graph Network Here’s an update shedding more context on the state of migration, query fees, & resources to help you migrate your subgraph today! https://t.co/Z26rrISXas— The Graph (@graphprotocol) March 10, 2022Subgraphs are open application programming interfaces, also known as APIs, that are designed to make data more accessible and can be composed into a global graph of all the world’s public information. According to The Graph, subgraph migrations are up 30% quarter-over-quarter. Currently, 282 subgraphs have completed the migration process, with more undergoing the process each week. Projects that have made the switch represent a variety of the top sectors in the crypto ecosystem, including decentralized finance applications, music, art, analytics, wallets, nonfungible tokens, video streaming service and social media platforms. Migration grantsA second development that has helped provide a boost to GRT and mainnet migrations was the release of The Graph Grants by The Graph Foundation. For a limited time The Graph Foundation is awarding grants to help migrate Ethereum subgraphs to the decentralized network.Improve the reliability of your dapp with The Graph Network! Grants will be reduced by the end of March so apply now ⬇️ https://t.co/01xommj13D— The Graph (@graphprotocol) March 11, 2022

The grant process gives interested parties the ability to receive funding as they migrate to the decentralized mainnet. The grants cover costs related to gas fees, technical know-how, migrating expenses and marketing. Migrating protocols are also eligible to receive support from solutions engineers from within the community. Protocols interested in migrating are encouraged to apply for a grant before the end of March as funding amounts will be gradually reduced and eventually phased out. Related: The Graph (GRT) gains momentum as Web3 becomes the buzzword among techiesGraph Day 2022A third factor bringing extra attention to The Graph was the announcement that the project will be hosting this year’s “Graph Day” beginning June 2 in San Francisco. The event includes a day of presentations from leading protocol and DApp developers in the crypto industry who are focused on expanding the Web3 community and will be followed by a three-day hackathon where hackers and developers will attempt to find vulnerabilities in the project. This is the first official hackathon for The Graph and will take place between June 3–5.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for GRT on March 7, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (grey) vs. GRT price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for GRT hit a high of 73 on March 7, around five days before the price increased 38% over a three-day period. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

In bull and bear markets, the mantra for cryptocurrency projects that are focused on long-term sustainability is “always be building.”Kadena (KDA) is one project that has earned rewards from its forward-looking approach to development despite the weakness in the wider crypto market and the layer-one proof-of-work blockchain protocol has seen its price reverse direction recently. Data from Cointelegraph Markets Pro and TradingView shows that the price of KDA spiked 40% from a low of $5.94 in the early hours on March 11 to a high of $8.28 as its 24-hour trading volume surged 784% to $325 million. KDA/USD 4-hour chart. Source: TradingViewThree reasons for the recent price growth for KDA include a new listing on Binance, the launch of the first decentralized exchange on the Kadena network and upcoming roadmap plans which include the launch of an NFT standard and wrapped native tokens. Kadena lists on BinanceThe biggest driver of KDA was the March 11 listing on Binance. #Binance will list @kadena_io $KDAhttps://t.co/b4yPmq6xu3— Binance (@binance) March 11, 2022Following the announcement, the 24-hour trading volume spiked from an average $38 million to $325 million during trading on Friday. KuCoin exchange also saw high trading volume, with $117.4 million worth in trader occurring before the listing went live at Binance.New projects launch on the Kadena networkA second development helping boost the price of KDA was the launch of new protocols on the Kadena network, including Kaddex, the first decentralized exchange in the project’s ecosystem which offers gas free trading. Kaddex also announced an integration with Simplex that will bring a fiat onramp into the growing decentralized finance ecosystem. .@KaddeXofficial and @XWalletOfficial are officially teaming up with @SimplexCC to bring Fiat on Ramp services into Kadena DeFi. The @kadena_io Ecosystem is growing stronger than ever. Support our journey! pic.twitter.com/dj3nCDvNUw— Daniele DV ⛓️️ (@KDX_Mandrake) March 8, 2022

Some of the other protocols that have recently launched and integrated with Kadena include, Hypercent Launchpad, a platofrm which facilitates the launch of verified projects on Kadena, and the crypto liquidity provider ZoidPay. Related: Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0Upcoming roadmap developments could be bullishA third factor helping to attract attention to Kadena is the project’s upcoming roadmap goals which include the launch of of a native NFT standard called Marmalade. Visit https://t.co/oUM5Z9649E for a list of our upcoming milestones: pic.twitter.com/KPGkLD0S6W— Kadena (@kadena_io) March 4, 2022

Other notable developments that are planned on the Kadena roadmap include the launch of wrapped native tokens like kBTC, kETH and kUSD, a push for additional U.S. and global exchange listings, the development of lending platform infrastructure and the launch of a sustainable mining initiative.Developers behind the project have also announced plans to launch testnets for a Kadena Ethereum Virtual Machine (EVM) bridge as well as a Kadena to Cosmos bridge that will facilitate interoperability with other popular blockchain ecosystems. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.