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![CryptoJournaal Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1159541595357831170.png) CryptoJournaal [@CryptoJournaal](/creator/twitter/CryptoJournaal) on x 18.6K followers
Created: 2025-07-06 06:40:53 UTC

#Subsquid ( $SQD ) - #Explainer

💡 What is Subsquid ( $SQD )?

Subsquid is a decentralized data lake and query engine that revolutionizes how developers access blockchain data.

Launched in 2021 by Dmitry Zhelezov and Marcel Fohrmann, Subsquid focuses on providing fast, scalable, and permissionless access to on-chain data, aiming to create a neutral and open internet based on Web3 principles.

The platform is designed to overcome the limitations of traditional, monolithic indexing frameworks by offering a modular architecture secured with zero-knowledge (ZK) proofs, ensuring efficiency and scalability.

Subsquid supports over XXX networks, including EVM-compatible blockchains, Substrate, Solana (in beta), and Starknet, providing developers with a powerful tool for blockchain indexing, dApp development, and analytics.

The native token, $SQD, plays a central role in the ecosystem and is used for rewards, staking, governance, and access to premium datasets.

Subsquid is particularly popular in the DeFi and GameFi sectors, where it delivers reliable and fast data feeds for projects like PancakeSwap.

#BlockchainData

⚙️ How does Subsquid work?

Subsquid operates as a decentralized data lake, with worker nodes contributing storage and computing power to manage data in a peer-to-peer network.

This ensures high availability and reliability, while data extraction costs are up to XX% lower than centralized RPC providers like Alchemy or Infura.

The key features of Subsquid are:

🔸 Modular architecture:

The separation of data extraction and processing makes Subsquid flexible and scalable, allowing developers granular access to blockchain data, such as event logs, transactions, and state diffs.

🔸 ZK security:

Zero-knowledge proofs ensure data integrity and privacy, making the network resistant to attacks and keeping sensitive information safe.

🔸 Fast indexing:

Subsquid offers up to 100x faster indexing than traditional methods, which is crucial for real-time applications in DeFi, gaming, and analytics.

🔸 Subsquid Cloud:

A user-friendly solution that allows developers to avoid managing their own indexing infrastructure, saving time and costs.

#Web3Innovation

🪙 The role of $SQD

The $SQD token is essential to the Subsquid ecosystem and has several use cases:

🔸 Rewards:

Node operators and other contributors to the network are rewarded with $SQD tokens for providing storage and computing power.

🔸 Staking:

Users can stake $SQD to gain access to premium datasets and discounts on network services, encouraging network engagement.

🔸 Governance:

$SQD holders can vote on protocol changes and other important decisions, allowing the community to influence the future of Subsquid.

🔸 Data access:

$SQD is used to pay for data extraction and access to exclusive datasets, supporting the use of the network.

#Tokenomics

🛠️ Key features of Subsquid:

🔸 Broad network support:

Subsquid supports over XXX blockchains, including Ethereum, Arbitrum, Solana, and Substrate, with plans to add Cosmos-based chains in 2025.

🔸 Cost efficiency:

The decentralized approach and modular design significantly reduce the cost of data indexing, making Subsquid attractive to developers.

🔸 Developer convenience:

With the Subsquid SDK and tools like Zealy and Galxe quests, the platform provides a user-friendly experience for building dApps and analytics tools.

🔸 Use cases in DeFi and GameFi:

Subsquid is used in DeFi projects for reliable data feeds and in GameFi for integrating blockchain data into gaming platforms.

#DataIndexing

📜 History and development:

🔸 Foundation and launch:

Subsquid was founded in 2021 by Dmitry Zhelezov (CEO) and Marcel Fohrmann with the mission to improve access to blockchain data. The platform quickly became popular within the Substrate ecosystem.

🔸 2023 - Incentivized Testnet:

In September 2023, Subsquid launched a testnet that attracted nearly XXXXXX developers, showcasing the strong demand for the platform.

🔸 2024 - Token Sale and Mainnet:

The $SQD token sale took place on January 18, 2024, via CoinList, followed by the mainnet launch in Q2 2024. This marked a major milestone for the project.

🔸 2025 - Future plans:

Subsquid plans further expansion into Cosmos and Solana, as well as the introduction of enterprise tools like Kafka and Snowflake for large-scale data analysis.

#CryptoHistory

💸 Tokenomics

🔸 Total supply:

The maximum supply of $SQD is XXXXX billion tokens, with a circulating supply of approximately XXX million as of April 2025.

🔸 Market capitalization:

With a price of about $XXXX USD and a market capitalization of around $XXXXX million, Subsquid ranks #379 on CoinGecko.

🔸 Vesting and distribution:

The tokens are distributed among pre-seed (12%) and seed (16.3%) investors with a 6-month lockup and 24-month vesting. Public sales and rewards have a shorter vesting period.

#MarketAnalysis

✅ Advantages of Subsquid:

🔸 Cost efficiency:

Subsquid significantly lowers data extraction costs, making it attractive to developers compared to centralized providers.

🔸 Scalability:

The modular architecture and ZK security make Subsquid suitable for large-scale applications in DeFi, GameFi, and analytics.

🔸 Strong adoption:

With over XXXXXX indexers and XXXXXX developers, Subsquid has a growing user base.

⚠️ Disadvantages and challenges:

🔸 Competition:

Subsquid competes with other indexing protocols like The Graph, which could slow adoption.

🔸 Complexity:

The technical nature of the platform may pose a barrier for beginner developers without blockchain data experience.

🔸 Market volatility:

Like all altcoins, the price of $SQD is subject to high volatility, which presents risks for investors.

#DataAdoption

🎯 Conclusion:

Subsquid ( $SQD ) is a promising project that simplifies and accelerates access to blockchain data, with applications in DeFi, GameFi, and analytics.

With its modular architecture, low costs, and strong focus on Web3 principles, Subsquid has the potential to become a leading player in decentralized data indexing.

Whether it is a good investment depends on your own research and risk tolerance, but the project offers a unique value proposition in the rapidly growing Web3 space.

#CryptoConclusion

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📚 Useful resources and additional information:

Want to dive deeper into the world of #Subsquid or looking for the latest updates and developments?

These links will help you stay up to date:

🔹Discord:

🔹Github:

🔹Official Website:

🔹Reddit:

🔹Telegram:

🔹X (Twitter): @helloSQD 

#CryptoResources #StayInformed

⚠️ Important note:

🔹 This post is purely for educational purposes and is not financial advice!

🔹 Invest only what you are willing to lose:

#Crypto-investments can be volatile, and you may lose part or all of your investment.

🔹 Always do your own research (#DYOR):

Conduct thorough research into #crypto-assets, platforms, and wallets before investing.

🔹 Understand the risks of volatility:

The value of #cryptocurrencies can change quickly, so be prepared for price fluctuations.

🔹 Keep your private keys safe:

Losing your private keys can lead to losing access to your crypto-assets.

🔹 Use reliable platforms:

Ensure you trade crypto via trusted and regulated exchanges or wallets that meet the necessary security standards.

#CryptoRules #CryptoSafety #CryptoRisks #Dyor

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**Related Topics**
[a decentralized](/topic/a-decentralized)
[web3](/topic/web3)
[onchain](/topic/onchain)
[blockchain](/topic/blockchain)
[decentralized](/topic/decentralized)
[$sqd](/topic/$sqd)
[coins analytics](/topic/coins-analytics)

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