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View ChartSubsquid (SQD) is a decentralized data network that provides fast, permissionless access to blockchain information. It is designed to help developers and AI applications query data across hundreds of networks, serving as a neutral data lake and query engine for Web3. The network aggregates and structures on-chain data from over 200 blockchains—including Ethereum, Solana, and Polkadot—into a single, queryable source. Its modular architecture uses zero-knowledge proofs for security and a batch-processing model for high-speed, cost-effective data indexing. The SQD utility token powers network staking and rewards. In October 2025, Subsquid was acquired by Rezolve AI, combining blockchain data with AI and payment rails. The project is transitioning from proof-of-concept stages toward production-grade releases focused on scalability and developer experience.
Detailed public information about the founding team and individual creators of Subsquid is currently limited in the available references. What is known is that the project originated as an open-source initiative, with its codebase hosted on GitHub. The project has since evolved into a decentralized data network. In October 2025, Subsquid was acquired by Rezolve AI, a company focused on AI and payment technologies. This acquisition integrated Subsquid into a broader ecosystem combining blockchain data with AI and payment rails. The development team continues to work on the network's roadmap, focusing on scalability, multi-chain support, and decentralization. Further details about the original founding members are not publicly specified in the provided materials.
Subsquid operates as a decentralized data lake specifically designed for blockchain data. At its core, the system consists of indexing nodes that continuously monitor supported blockchain networks, extracting and processing block data, transactions, and smart contract events. These nodes transform raw blockchain data into structured formats optimized for querying. The architecture employs a modular design where different components handle data ingestion, storage, and query processing separately, allowing each layer to scale independently based on demand. Data ingestion modules connect to blockchain RPC endpoints, subscribing to new blocks and historical data. Processing modules apply user-defined transformations and filters, extracting relevant information based on specific application requirements. Storage utilizes distributed databases that maintain indexed data across multiple nodes, ensuring redundancy and availability. The query layer provides APIs that developers integrate into their applications, abstracting away the complexity of direct blockchain interactions. The system is secured with zero-knowledge proofs, which verify data integrity without revealing underlying information. This combination allows for exceptional scalability and cost efficiency.
Several characteristics differentiate Subsquid from alternative solutions. First, the platform emphasizes cost efficiency, processing blockchain data at a fraction of the expense associated with traditional indexing services. This affordability makes blockchain data access viable for smaller projects and individual developers who might otherwise be priced out. Second, Subsquid supports custom data transformations at the indexing level, allowing developers to define precisely what data they need and how it should be structured. Rather than indexing entire blockchains and filtering later, this approach reduces storage requirements and query latency by processing data at ingestion time. Third, the architecture is designed for multi-chain support from the ground up. Unlike solutions built for single chains and later adapted for others, Subsquid's abstractions handle different blockchain architectures through pluggable adapters. Fourth, performance optimization represents another key differentiator, with the system capable of processing thousands of blocks per second while maintaining query response times measured in milliseconds. This performance enables real-time applications like trading interfaces and live dashboards. Finally, the integration with Rezolve AI opens possibilities for incorporating artificial intelligence capabilities into blockchain data analysis, positioning Subsquid beyond simple data indexing into more value-added services.
The SQD utility token powers network staking and rewards, serving as the economic backbone of the Subsquid ecosystem. Beyond the token, Subsquid's infrastructure is used across multiple industries. In decentralized finance (DeFi), it provides the reliable data feeds necessary for protocols like PancakeSwap. DeFi protocols require constant access to price feeds, liquidity pool data, trading volumes, and user positions across multiple chains. Subsquid enables DeFi dashboards, analytics platforms, and automated trading bots to aggregate this data efficiently. For NFT marketplaces and platforms, Subsquid can index ownership records, transaction histories, metadata, and rarity attributes across various NFT collections. This powers features like portfolio tracking, market analysis, and provenance verification. For gaming and GameFi, it enables complex in-game asset tracking, player inventories, and achievement systems without maintaining separate databases. Its ability to handle large datasets also makes it valuable for AI training and analytics, and for bringing transparency to supply chains. Enterprise clients can integrate Subsquid to monitor smart contract execution, audit blockchain transactions, and generate compliance reports.
Subsquid's development trajectory reflects a deliberate progression from experimental technology to production-ready infrastructure. The project is transitioning from proof-of-concept stages toward detailed product releases focused on scalability and developer experience. Short-term goals center on enhancing network performance and expanding blockchain coverage. Subsquid is working to optimize its indexing engine to handle higher throughput while reducing query latency. Multi-chain expansion remains a critical focus, with efforts to support additional EVM-compatible chains, Layer 2 solutions, and potentially non-EVM networks. The development team is also prioritizing developer tooling improvements, including better documentation, SDK enhancements, and simplified deployment processes. Network decentralization represents another key milestone, as Subsquid works toward distributing indexing responsibilities across a broader node operator base. Major partners like Deutsche Telekom operate nodes on the network, underscoring its enterprise-grade potential. The integration with Rezolve AI opens possibilities for incorporating artificial intelligence capabilities into blockchain data analysis. Future developments may include machine learning models that identify patterns in on-chain behavior, predictive analytics for DeFi protocols, or automated anomaly detection for security applications.
Subsquid does not use traditional proof-of-work mining. Instead, the network operates through a decentralized node operator system. Participants can operate indexing nodes that continuously monitor supported blockchain networks, extracting and processing block data, transactions, and smart contract events. These operators are rewarded through the SQD utility token, which powers network staking and rewards. The network is working toward distributing indexing responsibilities across a broader node operator base, implementing incentive mechanisms that reward operators for maintaining data availability and query performance. To participate, node operators typically need to stake SQD tokens and run the appropriate infrastructure to support the network's data indexing and query processing functions. Specific hardware requirements and staking parameters are not publicly specified in the available references. As the network progresses toward full decentralization, additional opportunities for participation and reward may emerge.
Keeping your SQD tokens safe requires adherence to established cryptocurrency security best practices. First, use hardware wallets for long-term storage of significant holdings, as these devices keep private keys offline and protected from online threats. Second, for active trading or network participation, consider using reputable software wallets that support the network where SQD operates. Third, always verify the authenticity of any wallet software or browser extensions before installation, and avoid clicking on suspicious links claiming to offer SQD rewards or airdrops. Fourth, enable two-factor authentication on any exchange accounts used to trade SQD, and use strong, unique passwords. Fifth, never share your private keys or seed phrases with anyone, and store backups in secure, offline locations. Sixth, be cautious of phishing attempts that mimic official Subsquid communications, and always verify information through official channels. Finally, consider diversifying storage methods, keeping only what you need for active use in hot wallets and the remainder in cold storage.
SQD may be listed on select exchanges. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended.
Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account.
Start Trading: Go to the trading page and search for the spot trading pair SQD/USDT or the perpetual contract SQDUSDT.
Place an Order: Enter the amount of SQD you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
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TradeSubsquid (SQD) is a decentralized data lake and query engine secured by ZK proofs, where staking and delegation tie token holders directly to network security and data availability. Node operators stake SQD to run permissionless worker nodes that store and serve blockchain data across 130+ networks, and they earn fees for providing storage and computation.
Token holders who do not run infrastructure can delegate SQD to node operators and receive a share of the fees those operators earn. Staking also unlocks access to premium datasets and discounts on data queries, so the token has real utility beyond speculation.
On the supply side, staking and delegation lock up circulating SQD, reducing the float available on exchanges. Combined with the fixed max supply of 1.34B and a circulating supply of 1.14B, a higher staked ratio tightens sell-side liquidity. If demand for data services grows, the reduced float can support SQD's long-term price, though token unlocks and market conditions remain key variables.
Subsquid (SQD) is the onchain data layer for 130+ networks, and its upgrade cycle directly shapes demand for the token. The network's modular architecture, secured by ZK proofs, lets developers customize data pipelines while the Portal API streams validated block data with 27ms P50 and 48.5ms P90 response times.
Ecosystem growth matters because every new chain, dApp, or analytics product that queries data through Subsquid consumes network resources. Products like Squid SDK, Pipes SDK, and Subsquid Cloud lower integration costs, while enterprise adoption by teams such as GMX, Morpho, and PancakeSwap, which together represent over $20B in TVL, drives recurring query volume.
As more developers deploy indexers and pay for premium datasets, SQD demand rises for staking, delegation, and service payments. Unlike Ethereum-style EIP-1559 burns, SQD does not rely on a burn mechanism; value accrual comes from utility and staking lock-up. Sustained ecosystem expansion therefore supports SQD's long-term price, while slower adoption can weigh on it.
A spot Subsquid (SQD) ETF would be a regulated fund that holds actual SQD tokens, letting traditional investors gain exposure through brokerage accounts without managing wallets. While no spot SQD ETF is confirmed, institutional adoption of Subsquid is already visible: Subsquid Labs announced a strategic repositioning toward institutional clients, M31 Capital initiated a position in SQD, and Rezolve Ai acquired Subsquid in October 2025.
Sustained institutional inflows would raise SQD's liquidity, legitimacy, and price floor. Enterprise demand for validated blockchain data across 130+ networks, with customers like GMX, Morpho, and PancakeSwap, gives institutions a fundamental reason to hold SQD. A spot ETF would further lower access barriers and could amplify net inflows.
That said, ETF approval depends on regulatory conditions, and institutional flows can be slow and volatile. Investors should treat institutional adoption as a supportive factor rather than a guaranteed price catalyst.
Subsquid (SQD) and Bitcoin serve very different roles: Bitcoin is a store-of-value and settlement network, while SQD powers a decentralized data lake and query engine for Web3 developers. The table below summarizes the key differences.
| Dimension | Subsquid (SQD) | Bitcoin (BTC) |
|---|---|---|
| Core Positioning | Onchain data layer and query engine | Digital store of value and settlement |
| Supply Model | Fixed max supply of 1.34B | Capped at 21 million BTC |
| Consensus | ZK proofs with permissionless worker nodes | Proof of Work mining |
| Main Use Cases | Indexing, analytics, dApp data, AI agents | Payments, reserve asset, value transfer |
Compared with other indexing tokens, SQD differentiates through 100% data correctness in benchmarks, 130+ supported networks, and 2,000+ worker nodes storing over 2 PB. Its utility is tied to developer and enterprise demand rather than pure monetary scarcity.
On BTCC, you can attach stop-loss (SL) and take-profit (TP) orders to any SQD/USDT perpetual contract position. SL caps your downside, TP locks in gains, and both can be edited after the position opens.
Always size positions so the distance to your SL matches your risk tolerance, and avoid placing stops too close to obvious levels where normal volatility could trigger them.
The current price of Subsquid (SQD) is $0.028392, with a market cap of $33.707012M and 24h trading volume of $1.819872M. The circulating supply is 1.14B (max supply 1.34B).
SQD trades on 127 active markets and is listed under the Analytics category, with its token contract on Arbitrum. Because crypto prices move continuously, these figures update in real time.
For the latest order book, funding rate, and live SQD/USDT perpetual contract pricing, visit the SQD/USDT trading page on BTCC. There you can also view depth, recent trades, and open interest to gauge market activity before placing an order.
Subsquid (SQD) price movements come from three layers of supply and demand:
Because SQD has a relatively small market cap, it can be more volatile than large-cap assets, so these drivers can produce sharp price swings in either direction.
The all-time high of Subsquid (SQD) is $0.286479, reached on 2025-06-11 18:00; the all-time low is $0.022871, recorded on 2024-11-16 10:15. These two levels mark the extremes of SQD's price history since its 2024 token launch and are useful reference points for long-term positioning.
Price action between the ATH and ATL reflects changes in market conditions, token unlocks, and adoption of the Subsquid data network. Traders often watch whether SQD can reclaim prior highs or hold above prior lows to judge trend strength.
To inspect the full-cycle chart, including the move from the all-time low to the all-time high and the subsequent range, open the SQD/USDT page on BTCC. There you can switch between timeframes and overlay indicators to study how price behaved around these key levels.
Reading Subsquid (SQD) candlesticks starts with the four data points each candle shows: open, high, low, and close. The body is the range between open and close, while the wicks show the highest and lowest prices reached during the period. A long body signals strong directional momentum; a long wick suggests rejection at that price.
Combine these signals rather than relying on one, and always confirm with the SQD/USDT chart on BTCC before trading.
You can profit from falling Subsquid (SQD) prices without holding spot SQD by using BTCC SQD/USDT perpetual contracts. A short position lets you sell at a high price and buy back at a lower price, capturing the difference as profit.
To open a short, go to the SQD/USDT perpetual contract page, choose Short, set your margin and leverage, and confirm the order. When price falls, your position gains; when you close it by buying back, the profit is realized. Stop-loss and take-profit orders help manage risk automatically.
Short selling gives traders a two-way opportunity, so bear markets and pullbacks can be traded rather than waited out. However, if price rises instead, losses can accumulate quickly, especially with leverage. Always use a stop-loss above key resistance and size positions carefully.
Yes. BTCC offers flexible leverage on Subsquid (SQD) perpetual contracts, up to 50x on the SQD/USDT pair, subject to platform risk rules and position size limits. Higher leverage means a smaller margin controls a larger position, which can amplify returns when the market moves in your favor.
Leverage also magnifies losses. At 50x, a roughly 2% adverse move can wipe out the margin backing the position. Because SQD can be volatile, beginners should start at 2x to 10x and always attach a strict stop-loss.
Before increasing leverage, practice on BTCC's demo account, use isolated margin to cap risk per trade, and monitor the funding rate and liquidation price shown on the SQD/USDT page. Responsible leverage, combined with SL/TP orders, is the safest way to trade SQD futures.
After registering on BTCC, you can switch to Demo Trading mode and receive virtual funds, such as 100,000 USDT, to practice without risking real capital. The demo environment uses real Subsquid (SQD) market data, so prices, depth, and volatility mirror the live SQD/USDT perpetual contract.
In demo mode you can practice adjusting leverage, placing long and short orders, setting take-profit and stop-loss levels, and testing trailing stops. This helps you learn how margin, liquidation price, and funding rates behave before committing real funds.
Once you are comfortable with the workflow, you can move to live trading with a small position size. Using the demo account first is a practical way to build confidence with SQD futures and refine a risk-management routine.
Buying and trading Subsquid (SQD) on BTCC follows four steps:
Start with a small position and low leverage while you learn how SQD behaves. BTCC supports SL/TP orders, trailing stops, and a demo account with virtual funds, so you can practice the full flow before trading live. Always review the order book and funding rate on the SQD/USDT page before entering a trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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