Harmony vs The Graph

General

Description

Harmony Logo
Harmony
 (ONE)

Harmony is a blockchain and smart contract platform designed for decentralized applications, aiming to strike a balance between decentralization, scalability, and security. It uses multiple parallel blockchains (“state sharding”) to drastically reduce latency and produce new transaction blocks within seconds.

Harmony overview
The Graph Logo
The Graph
 (GRT)

The Graph is a decentralized indexing protocol designed for efficiently querying blockchain data and is often referred to as the “Google of the blockchain world.” Using so-called subgraphs, developers can specifically retrieve data from blockchains like Ethereum, Polygon, or Avalanche. Data queries are executed via GraphQL, a query language that allows precise access to only the required information.

The Graph overview

Purpose and goals

Harmony Logo
Harmony
 (ONE)
  • Smart contract platform
  • High-performance blockchain
  • Secure consensus mechanism
The Graph Logo
The Graph
 (GRT)
  • Decentralized indexing of blockchain data
  • Data sourcing for decentralized applications
  • Open interfaces for developers

Price and market data

Price chart

Harmony
 (ONE)

$0.0107

+0.16%
The Graph
 (GRT)

$0.0911

-2.20%
Market data
HarmonyThe Graph
Market cap
$156.9M
$952.81M
Market share
0.0039%
0.024%
Current price

$0.011

-$0.00057-5.33%

$0.091

-$0.0032-3.57%
ONE converterGRT converter
All-time high
$0.38
Oct 26, 2021-97.17%
$2.84
Feb 12, 2021-96.79%
Crypto all-time highs
Cycle low
$0.0081
+32.23%Jun 22, 2025
$0.052
+75.07%Nov 22, 2022
Prediction for 2025
Powered by AI
$0.020
+90.45%
$0.26
+180.11%
ONE predictionGRT prediction
Momentum
Negative
NegativePositive
Negative
Negative
NegativePositive
Negative
Relative Strength Index
Neutral
BuySell
Neutral (49.75)
Neutral
BuySell
Neutral (45.53)
Price trend
Negative
(16/30 days)
Negative
(16/30 days)
Price performance
-3.57%
-36.36%
Price performance
-47.17%
-50.02%
Price performance
-13.27%
-16.56%
Price performance
+0.16%
-2.20%
Price performance
-5.33%
-3.57%
Price performance
-1.76%
-1.70%
Annual return
-61.08%
-55.25%
Annual return
+43.06%
+13.99%
Annual return
+96.76%
+222.05%
ONE returnsGRT returns
Total return
-51.93%
2019 – 2025
-21.95%
2020 – 2025
Average annual return
+754.29%
+63.06%
Transaction volume
$9.9M
24h
$42.51M
24h
Max supply
10.8B
Circulating supply
14.69B
10.45B
Inflation
5.17%
Year
9.94%
Year
Crypto inflation

On-chain data

Market data
HarmonyThe Graph
Total Value Locked (TVL)
$1.38M
What is Total Value Locked?
Market cap/TVL (ratio)
113.87
Transactions (avg./day)
560
Active addresses (24h)
613

Our rating

Our rating
HarmonyThe Graph
Our overall rating
Harmony
The Graph
How we evaluate cryptocurrencies

Our individual ratings

Risk
Harmony: 2 of 10
Risk (Harmony)
The Graph: 6 of 10
Risk (The Graph)
Harmony Logo
The Graph Logo
riskyless risky
Community
Harmony: 4 of 10
Community (Harmony)
The Graph: 6 of 10
Community (The Graph)
Harmony Logo
The Graph Logo
smalllarge
Hype & momentum
Harmony: 3 of 10
Hype & momentum (Harmony)
The Graph: 5 of 10
Hype & momentum (The Graph)
Harmony Logo
The Graph Logo
weakstrong
Active usage
Harmony: 4 of 10
Active usage (Harmony)
The Graph: 7 of 10
Active usage (The Graph)
Harmony Logo
The Graph Logo
lowhigh
Network effect
Harmony: 1 of 10
Network effect (Harmony)
The Graph: 6 of 10
Network effect (The Graph)
Harmony Logo
The Graph Logo
weakstrong
Decentralization
Harmony: 4 of 10
Decentralization (Harmony)
The Graph: 4 of 10
Decentralization (The Graph)
Harmony Logo
The Graph Logo
centralizeddecentralized

Our opinion

Harmony Logo
Harmony
 (ONE)
Harmony is a relatively new Layer-1 blockchain and a fresh competitor in the realm of smart contract platforms. What sets Harmony apart is its use of Random State Sharding, which essentially means executing network tasks in parallel to quickly produce new transaction blocks, thereby boosting efficiency. To maintain security in this setup, Harmony utilizes VRF (Verifiable Random Function) to ensure unpredictable, unbiased, verifiable, and immediate randomization, enabling a fair validation process. For its consensus mechanism, it relies on Effective Proof of Stake (EPoS), tailored to fit the sharding concept. Like all newer smart contract platforms, Harmony still has to prove itself, especially when it comes to solidifying its technological foundation. Currently, the most well-known project running on the Harmony blockchain is the blockchain game DeFi Kingdoms. Overall, the number of projects building on Harmony remains quite limited. We’re continuing to watch Harmony from the sidelines, but for now, investing in its cryptocurrency feels too risky for us.
Harmony overview
The Graph Logo
The Graph
 (GRT)
The Graph is a key infrastructure protocol for Web3, enabling efficient querying of blockchain data—a challenge difficult to solve without specialized indexing. It has become the standard in DeFi, NFTs, and gaming, with many applications relying on its subgraphs. The use of GraphQL offers flexibility to developers, and its economic model with indexers, curators, and delegators ensures decentralized data provision. However, challenges remain. Indexing complex blockchains requires significant resources, potentially leading to dominance by a few large players. The model heavily depends on economic incentives—declines in demand or fee structures could impact network security. The variety of indexed data is still developing, limiting some use cases for developers. The Graph’s long-term dominance depends on how it competes with centralized providers like Alchemy or Moralis and its success in maintaining a truly decentralized network infrastructure. Currently, it is the leading decentralized solution for blockchain indexing, but centralized APIs remain a viable alternative in some cases.
The Graph overview

Details

Info
HarmonyThe Graph
Founder
Stephen Tse, Sahil Dewan, Rongjian Lan, Nick White
Yaniv Tal, Brandon Ramirez, Jannis Pohlmann
Developer
Harmony Foundation
Edge & Node
Published
2018
2020
Open source
Yes
Yes
Sector
Smart Contracts
Indexing
Key feature
Random State Sharding
Blockchain Data Indexing
Blockchain
Harmony Blockchain
Ethereum Blockchain
Staking
Yes
Yes
Consensus mechanism
Effective Proof of Stake
Proof of Stake
Energy consumption
Low
Low
Transactions per second
2,000 TPS
Institutional investors
  • SNZ Holding
  • Lemniscap
  • HashKey Capital
  • Binance Labs
  • AU21 Capital
  • Digital Asset Capital Management
  • etc.
  • Multicoin Capital
  • Coinbase Ventures
  • Tiger Global Management
  • Digital Currency Group
  • Framework Ventures
  • Fenbushi Capital
  • etc.
Community
385,361 followers
342,793 followers
Website
www.harmony.one
thegraph.com
Whitepaper
Whitepaper
Whitepaper
Harmony vs The Graph

Harmony or The Graph

Market data comparison of ONE versus GRT

The current price of Harmony is $0.011 and has decreased by in the last 24 hours. The Graph is currently trading at $0.091, with a drop of over the same period. Harmony has a market cap of $156.9M and ranks 372nd. The Graph follows with a market cap of $952.81M, ranking 118th — meaning it is valued higher.

We automatically update all market data every 15 minutes, so you always have the latest figures for your comparison.

Should I buy Harmony or The Graph?

You should be aware that investing in cryptocurrencies carries risks, and we are neither allowed nor intending to provide investment advice. Still, we'd like to offer some food for thought: consider the opportunities and risks associated with both Harmony and The Graph. What target markets and problems are these two projects aiming to address?

If you're still unsure whether to invest in Harmony or The Graph, you can take a look at some additional market data to help with your decision:

Currently, Harmony is about below it's all-time high of $0.38 reached on Oct 26, 2021.
In comparison, The Graph is down approximately from it's all-time high of $2.84 on Feb 12, 2021.
Harmony currently has a 76.71% lower 24h transaction volume of $9.9M compared to The Graph with $42.51M.
Over the past year, Harmony achieved a total return of , while The Graph returned . Keep in mind, however, that past performance rarely guarantees future results.

Additional criteria for comparing cryptocurrencies:

  • What problem does the project aim to solve, and is a decentralized network meaningful and necessary for it?
  • How actively is the network being used?
  • Does the project have a large and active community?
  • How strong is the development activity? (e.g., on GitHub)
  • How decentralized is the underlying blockchain and the project itself?

How we evaluate cryptocurrencies

These are just a few indicators you can use to better evaluate and compare cryptocurrencies like Harmony and The Graph. Cryptocurrencies and their underlying technologies are often difficult to compare — even for professionals. So don’t stress yourself out, and never let emotions or fear of missing out drive your investment decisions.

Where can I buy Harmony or The Graph?

Today, there are many reputable and secure exchanges that make it easy to invest in Harmony and The Graph. We're happy to help you choose the right one: simply use our exchange comparison tool to find the platform that best suits your needs. Both Harmony and The Graph are well-known and in high demand, which means they're available on most major exchanges.

Crypto exchanges comparison

Which crypto wallet is best for Harmony and The Graph?

If you want to store cryptocurrencies like Harmony or The Graph yourself, choosing the right wallet is essential. Consider your personal preferences when deciding: Is ease of use important to you? Do you prefer maximum security with a hardware wallet (USB device), or is a software wallet sufficient for your needs? Our crypto wallet comparison helps you find the best wallet for Harmony, The Graph, and many other cryptocurrencies.

Crypto wallets comparison

How does our comparison work?

Data & Interfaces

Our market data is automatically updated every 15 minutes. This means you can always use the latest data for your comparisons. We obtain the data through web interfaces (API) from CoinGecko, Santiment, DefiLlama, CoinCodex and many more

Research & Deepdive

We regularly sift through a jungle of technical whitepapers, websites, social media and forums for you. In doing so, we filter out essential and relevant information in order to present it to you clearly and comprehensibly in our comparison

Analysis & Valuation

We research and use analysis tools for blockchains and their networks, to form a fact-based foundation for our valuation. Please note that this is not an investment recommendation, but merely our personal opinion.

Community & Feedback

We check our information every 1-2 months to ensure it is up to date and correct. With the help of our community, we can find outdated or incorrect data even faster. Of course, we also welcome your feedback or suggestions for improvement!

Our data on cryptocurrencies was last updated on 2025-08-18T23:50:33.036172+00:00. Sources: CoinGecko, santiment.net, defillama.com, coincodex.com.

The content on this website is provided for general informational purposes only and does not constitute financial, investment, legal, or tax advice. It should not be interpreted as a guarantee of future price developments or as an invitation to act. All visitors are responsible for independently verifying any information before using a listed service. Trading cryptocurrencies involves significant risk and may result in the total loss of your invested capital. Past performance is not indicative of future results. We do not assume any liability for the timeliness, accuracy, or completeness of the information provided, including third-party content. Some of the links on this website are affiliate links. If you purchase a product or service through one of these links, we may receive a commission — at no additional cost to you. All actions are taken at your own risk.