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Crypto · head to head

FTX vs The Graph

FTX logo

FTX

Crypto

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
The Graph logo

The Graph

Crypto

The indexing protocol for Web3

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022; The Graph no specific pricing tiers or rates published on homepage or pricing pages
  • They diverge on capability: FTX covers Futures Trading, The Graph covers Subgraph Indexing.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which FTX and The Graph actually diverge.

Attributes where FTX and The Graph differ
AttributeFTXThe Graph
Pricing modelfreemiumusage-based
PlatformsWeb, Ios, AndroidWeb, Api
Founded20192018

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Crypto).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in FTX

  • Futures Trading
  • Options
  • Leveraged Tokens
  • Spot Trading
  • FTT Token
  • Serum DEX
  • Ios support
  • Android support

Only in The Graph

  • Subgraph Indexing
  • GraphQL API
  • Decentralized Network
  • Multi-chain Support
  • GRT Token
  • 30+ chains
  • Api support

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

FTX

  • Exchangesnot The Graph
  • Derivativesnot The Graph
  • Tradingnot The Graph

The Graph

  • Decentralized data indexing and querying infrastructurenot FTX
  • Blockchain and Web3 development with subgraphsnot FTX
  • Real-time data availability for distributed applicationsnot FTX

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

FTX

  • The exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • Around 130 affiliated companies including Alameda Research entered the same proceedings, with more than 100,000 creditors and assets and liabilities each between $10 billion and $50 billion
  • Founder Sam Bankman-Fried resigned as CEO on the filing and was replaced by John J. Ray III
  • It is not a service anyone can sign up for; the estate exists to repay creditors

The Graph

  • No specific pricing tiers or rates published on homepage or pricing pages
  • Only generic cost-comparison claim provided (60-98% less per month)

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

The Graph

Free
  • Free TierFree
    • 100K queries
    • Subgraph Studio
    • Testnet
  • Pay as you go$0.00004/query
    • Unlimited queries
    • Mainnet
    • Multi-chain

Which should you pick?

Choose FTX if

  • You need futures trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want options.
FTX review

Choose The Graph if

  • You need subgraph indexing.
  • You want to start without paying.
  • You work on Web, Api.
  • You also want graphql api.
The Graph review

Questions people ask

Is FTX or The Graph better?
Neither clearly leads. FTX starts at Free and The Graph at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or The Graph?
FTX starts at Free and The Graph at Free.
Does FTX or The Graph run on more platforms?
FTX runs on Web, Ios, Android. The Graph runs on Web, Api.
Can I use FTX for free?
Both have a free tier, so you can try either at no cost before committing.
What is FTX best used for?
FTX is most often used for exchanges, derivatives, trading. Of those, exchanges and derivatives are not what The Graph is typically brought in for.
What can FTX do that The Graph cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. The Graph covers Subgraph Indexing, GraphQL API, Decentralized Network, Multi-chain Support. Both handle Web support.

Answered from the vendors’ own pages

FTX: What happened to FTX?

FTX filed for bankruptcy on November 11, 2022, after revelations about Alameda Research's massive holdings of FTX's token (FTT) triggered a liquidity crisis. The platform collapsed within days as a competing rescue deal fell through.

Source
The Graph: What is The Graph pricing model?

The Graph does not publish specific pricing tiers on its homepage. The platform claims to cost 60-98% less per month compared to running expensive proprietary servers, but exact rates are not provided.

Source
FTX: Can I recover funds from FTX bankruptcy?

FTX has been in Chapter 11 bankruptcy proceedings since November 11, 2022. Customer funds have been subject to claims through the bankruptcy process, with asset recovery efforts ongoing.

Source
The Graph: How do I find detailed pricing for The Graph services?

Detailed pricing information is likely available in product-specific pages (Amp, Subgraphs, Substreams) or in the documentation rather than the homepage. Contact The Graph team or review their documentation for specific cost details.

Source
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