Subsquid Price

Subsquid (SQD) is a cryptocurrency operating on the Arbitrum platform, currently ranked #850 with a price of $0.1645. It has seen a +3.62% change in the last 24 hours, with a trading volume of $705.53K. Launched in 2024, Subsquid is a blockchain data infrastructure project that provides analytics solutions across multiple ecosystems including Arbitrum, BNB Chain, and Base. The token powers the Subsquid Network, which offers decentralized data indexing and processing services. Subsquid has a circulating supply of 161.4M SQD out of a total supply of 1.33B SQD, with a maximum supply capped at 1.33B SQD. Its current market capitalization stands at $26.55M. The project focuses on enterprise-grade blockchain data solutions, supporting developers with tools for efficient data extraction and analysis across multiple blockchains. Subsquid is particularly known for its analytics capabilities and cross-chain compatibility.

Subsquid (SQD) was officially created and launched on May 17, 2024. The project was initially added to cryptocurrency tracking platforms on October 19, 2021, but the actual token launch occurred in 2024. Subsquid operates primarily on the Arbitrum platform, with additional implementations on BNB Chain and Base ecosystems. Since its launch, Subsquid has established itself as a significant player in the analytics and data infrastructure sector of the blockchain industry, currently ranking #850 among all cryptocurrencies with a market capitalization of $26.55M.

Subsquid was founded by Dmitry Zhelezov and Dima Zhelezov, who are the co-founders of the project. They established the protocol to provide decentralized data indexing and processing solutions for blockchain networks. The team launched Subsquid in May 2024 on the Arbitrum platform, with a vision to create a robust infrastructure for Web3 data analytics. The founders have extensive experience in blockchain technology and data infrastructure, which has helped position Subsquid as a significant player in the blockchain analytics sector. Currently, Subsquid has a market cap of $26.55M with a circulating supply of 161.4M SQD out of a maximum supply of 1.33B SQD.

Subsquid (SQD) operates on the Arbitrum platform as a utility token powering the Subsquid Network - a decentralized data processing infrastructure. The token functions through a proof-of-indexing consensus mechanism where network participants earn SQD rewards for processing blockchain data. SQD has multiple use cases within its ecosystem: - Staking: Token holders can stake SQD to secure network operations - Governance: Holders participate in protocol decision-making - Payment: Used to pay for data processing services - Incentivization: Rewards validators who maintain network integrity The token launched in 2025 with a maximum supply of 1,337,000,000 tokens, of which 161.4M SQD are currently in circulation. SQD utilizes smart contracts on multiple chains including Arbitrum, Base, and BNB Chain, enabling cross-chain functionality. The token's value is derived from network utility and adoption of Subsquid's data indexing services across various blockchain ecosystems. As demand for decentralized data processing grows, the token's economic model is designed to balance supply and demand within the ecosystem.

Subsquid operates on a multi-chain architecture primarily deployed on Arbitrum, with additional implementations on BNB Chain and Base. The technical foundation of SQD is built around a decentralized data indexing protocol that enables efficient blockchain data processing and querying. The architecture consists of three main components: 1. Data Processing Layer: Utilizes specialized indexers to extract, transform, and process on-chain data with high throughput capabilities. 2. Query Layer: Provides optimized APIs for applications to access indexed blockchain data with minimal latency. 3. Network Protocol: Implements a distributed network of nodes that work together to maintain data integrity and availability across multiple blockchains. SQD's architecture is designed for scalability, supporting various blockchain ecosystems including Ethereum, Polkadot, and Solana. The token contract follows ERC-20 standards on Arbitrum (0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1) with cross-chain interoperability features. The system employs advanced analytics capabilities, making it particularly valuable for DeFi applications, enterprise solutions, and data-intensive blockchain use cases that require high-performance data access.

Subsquid has an ambitious roadmap focused on expanding its data indexing infrastructure across multiple blockchains. In 2025, the team plans to enhance their SDK capabilities and launch additional network features to improve data accessibility. By 2026, Subsquid aims to integrate AI-powered analytics tools and expand cross-chain compatibility beyond Arbitrum, BNB Chain, and Base ecosystems. The 2027 roadmap includes developing enterprise-level solutions and deeper DeFi integrations. Long-term goals through 2030 involve becoming the leading blockchain data infrastructure provider with comprehensive analytics solutions. With a maximum supply of 1.33B SQD tokens and current circulating supply of 161.4M SQD, Subsquid is positioning itself as a critical infrastructure layer for Web3 data needs, particularly focusing on analytics applications across multiple blockchain ecosystems.