|

Vitalik Buterin announces Ethereum scaling roadmap using the Graph protocol

  • The co-founder of the Ethereum network shared a roadmap on expanding available data space for rollups using Graph protocol. 
  • Open interest in GRT futures on Binance, Huobi and FTX crossed $65.64 million in the last 24 hours. 
  • Analysts expect a big move in GRT price as the 24-hour trade volume of the token crossed $580 million. 

Ethereum co-founder Vitalik Buterin revealed a strategic roadmap to expand the available data space for rollups using Graph protocol. The token’s trade volume has increased, and analysts expect an upwards move in GRT price. 

Graph protocol is key to Ethereum’s scaling plans

Vitalik Buterin, the co-founder of Ethereum, recently published a blog with a roadmap for scaling the network. In the short-, medium- and long-terms, rollups are the possible scaling solution for the Ethereum network. 

Zero-knowledge (zk) rollups have better data compression than the Ethereum base layer, and Buterin describes a pragmatic path towards a solution to increase the available data space using projects like the Graph protocol. 

The Graph protocol is a web3 project that indexes and queries blockchain data with GraphQL. 

The blog reads:

Protocols like TheGraph can create incentivized marketplaces where clients pay servers for historical data with Merkle proofs of its correctness. This creates an incentive for people and institutions to run servers that store historical data and provide it on demand.

Open interest is considered indicative of increasing demand for the asset. Open interest in GRT tokens on Binance, Huobi and FTX crossed $65.64 million over the past 24 hours. 

Open interest in GRT futures in the past 24 hours.

Open interest in GRT Futures in the past 24 hours. 

Analysts expect a big move in GRT price as the token’s 24-hour trade volume has crossed $580 million. @AltcoinSherpa, a pseudonymous cryptocurrency analyst, noted the spike in GRT trade volume. The analyst expects a move in GRT price, following the peak in trade volume. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple deepen sell-off as bears take control of momentum

Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.

Shiba Inu Price Forecast: SHIB extends losses as whale selling intensifies bearish momentum

Shiba Inu (SHIB) price slips below $0.0000077 on Thursday after correcting the previous day. Bearish sentiment is further strengthened as holders offload SHIB, increasing selling pressure and reducing Open Interest in the derivatives market.

Top Crypto Losers: Worldcoin, Chiliz, Hyperliquid lead losses as market bleeds $1.75 billion

Worldcoin , Chiliz , and Hyperliquid posted heavy losses over the last 24 hours as Bitcoin dropped below $82,000 on Friday, triggering a $1.75 billion wipeout and mirroring the bearish tremors in the US stock market.

Fidelity unveils FIDD stablecoin, set to launch in coming weeks

Fidelity Investments announced that it will launch its first stablecoin, the Fidelity Digital Dollar (FIDD), making it one of the first large traditional firms in the US to do so.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC correction deepens as Fed stance, US-Iran risks, mining disruptions weigh

Bitcoin (BTC) price extends correction, trading below $82,000 after sliding more than 5% so far this week. The bearish price action in BTC was fueled by fading institutional demand, as evidenced by spot Exchange-Traded Funds (ETFs), which recorded $978 million in inflows through Thursday.