SubQuery Network PriceSQT

What is SubQuery Network (SQT)?

SubQuery Network (SQT) is a decentralised infrastructure network designed to empower developers building web3 applications. At its core, the project provides critical tooling for data indexing, RPC services, and AI inference hosting. The network operates as a DePIN (Decentralised Physical Infrastructure Network) that supports three key pillars: fast data indexing, scalable RPC services, and innovative AI inference hosting. Its data indexer currently supercharges thousands of dApps across nearly 300 networks, offering fast, flexible, and open access to blockchain data.

The SubQuery Network launched its mainnet on February 23, 2024, creating 10 billion SQT tokens at genesis. The token is a utility asset that powers transactions, incentivises participation, and serves as a medium of exchange within the ecosystem. The project has since introduced Tokenomics 2.0, which reduces network inflation to 0% and permanently disables token minting, fixing the total supply at 10.2 billion. With a CertiK rating of 4.1, SubQuery is positioned as a production-ready infrastructure suite for decentralised applications.

Key Specifications & Tokenomics

• Name: SubQuery Network
• Ticker / Symbol: SQT
• Blockchain Platform: Ethereum
• Category: DePIN, Analytics, Cosmos Ecosystem
• Consensus / Architecture: Decentralized node network
• Total Supply: 10.21B SQT (10,213,301,979.48095012)
• Circulating Supply: 3,786,738,542 SQT
• Inflation: Reduced to 0% under Tokenomics 2.0
• Token Utility: Utility token for network transactions and incentives
• Official Website: https://subquery.network/
• Whitepaper: https://academy.subquery.network/subquery_network/introduction/introduction.html
• Block Explorer: https://explorer.subquery.network/
• CertiK Rating: 4.1
• Mainnet Launch: February 23, 2024

Who created SubQuery Network?

The SubQuery Network was founded by a team with deep expertise in blockchain infrastructure and software engineering. Sam Zou serves as CEO and Founder, bringing over 20 years of IT experience specialising in infrastructure and cloud service design. Ian He is the CTO and Co-Founder, a blockchain architect and contributor to polkadot-js who was an early adopter of Substrate technology and won second place in the first Polkadot hackathon. James Bayly is the COO and Co-Founder, a software engineer who has created and grown three startups over the past five years. Scott Twiname is also listed among the SubQuery Network team. The project has welcomed Crypto.com Capital as a Strategic Partner, with the relationship involving the knowledge and expertise of the Crypto.com Capital team.

How does SubQuery Network work?

The SubQuery Network operates as a decentralised node network with high uptime and multi-chain coverage. Its infrastructure is built around three core pillars: fast data indexing, scalable RPC services, and AI inference hosting. The network's flagship products include the SubQuery Indexer SDK, SubQuery AI Apps, AskSubQuery, the Sharded Data Node, and decentralised RPC services. AskSubQuery is an AI platform that turns natural language into real-time blockchain insights, eliminating the need for GraphQL or complex schemas. It connects directly to SubQuery, The Graph, Covalent, and Codex data sources, turning complex blockchain schemas into simple conversational insights.

Consumers of data commit SQT in exchange for RPC queries, indexed data, or AI model hosting. SQT is distributed among Node Operators based on the payment method selected. The network has launched the first decentralised RPCs for Polkadot and Kusama. From DeFi dashboards to gaming applications, the connection just works, providing developers with a comprehensive toolkit to build and scale decentralised applications without compromise.

What makes SubQuery Network unique and valuable?

SubQuery Network stands out through its comprehensive, fully decentralised infrastructure suite that combines data indexing, RPC services, and AI inference hosting into a single production-ready platform. Its fast, flexible, and open data indexer supports thousands of dApps on nearly 300 networks, making it one of the most widely integrated indexing solutions in web3. The introduction of the Sharded Data Node represents a breakthrough in the RPC industry, while the AI App framework simplifies the creation of AI-powered applications.

AskSubQuery further differentiates the network by enabling natural language queries across multiple data sources, including SubQuery, The Graph, Covalent, and Codex. For developers, it offers Pay As You Go queries with credit card payment, while SQT holders unlock free daily queries. The project's commitment to sustainability is demonstrated through Tokenomics 2.0, which reduces inflation to 0% and permanently disables token minting, fixing the total supply at 10.2 billion. This combination of technical innovation, multi-chain coverage, and deflationary tokenomics positions SubQuery as a valuable infrastructure layer for the next generation of decentralised applications.

What is SubQuery Network used for?

The SubQuery Token (SQT) is designed as a utility token that powers the SubQuery Network. It provides an incentive for participation and serves as a medium of exchange for transactions within the network. Consumers of data commit SQT in exchange for RPC queries, indexed data, or AI model hosting. The token is distributed among Node Operators based on the payment method selected. Additionally, SQT holders unlock free daily queries on the AskSubQuery AI platform, which turns natural language into real-time blockchain insights.

The network's tools are used by thousands of developers to power the next generation of decentralised apps, ranging from DeFi dashboards to gaming applications. The SubQuery Foundation manages various programmes and mainnet incentives, with the largest allocation of tokens apportioned to the Community and SubQuery Foundation. With 31.18K holders, SQT facilitates a decentralised ecosystem where participants can contribute to and benefit from the network's infrastructure services.

How Is the SubQuery Network ecosystem developing?

The SubQuery Network ecosystem is developing around a suite of decentralised infrastructure products and a growing community of developers and node operators. The network supports nearly 300 networks and has launched the first decentralised RPCs for Polkadot and Kusama. Its product lineup includes the SubQuery Indexer SDK, SubQuery AI Apps, AskSubQuery, the Sharded Data Node, and decentralised RPC services. AskSubQuery has integrated with SubQuery, The Graph, Covalent, and Codex data sources, expanding the network's data accessibility.

Community programs include grants, the SubQuery Foundation, a branding kit, supported networks, search guides, a roadmap, and contact channels. The project maintains an active presence across social media platforms including X, Telegram, Discord, Github, Youtube, Linkedin, Blog, and Medium. The team has announced the winding down of the decentralized network while highlighting AskSubQuery as a key AI platform, with SQT remaining at the center of the ecosystem. The SubQuery Foundation continues to manage programmes and mainnet incentives to support ongoing development.

How to mine SubQuery Network?

SubQuery Network does not use traditional proof-of-work mining. Instead, the network operates on a decentralised node network where participants can contribute to data indexing, RPC services, and AI inference hosting. Node Operators are compensated in SQT based on the payment method selected by consumers of data. The network is inflationary under its original tokenomics, with the current rate published on the project's tokenomics page. However, under Tokenomics 2.0, network inflation will be reduced to 0% and token minting will be permanently disabled, fixing the total supply at 10.2 billion.

Participants can engage with the network by running nodes that provide indexing, RPC, or AI hosting services. The SubQuery Foundation manages various programmes and mainnet incentives, with the largest allocation of tokens apportioned to the Community and SubQuery Foundation. Vesting allocation breakdown includes 31.8% and 22.5% segments. Those interested in supporting the network should review the official documentation and tokenomics page for detailed participation requirements and reward structures.

How to keep your SubQuery Network Coin safe?

Keeping your SQT tokens safe requires following standard cryptocurrency security practices. Since SQT operates on the Ethereum platform, it can be stored in compatible wallets that support ERC-20 tokens. Always verify the official contract address before conducting any transactions. Use hardware wallets for long-term storage to protect against online threats, and never share your private keys or seed phrases with anyone. Enable two-factor authentication on any exchange accounts used to trade SQT.

Be cautious of phishing attempts and fake websites that mimic official SubQuery channels. Always access the official website and block explorer through verified links. For transactions, double-check recipient addresses and start with a small test amount before sending larger sums. Keep your wallet software updated and consider using multiple wallets to diversify risk. Since the project has announced winding down the decentralized network, stay informed through official channels about any changes to token functionality or network operations that may affect how you store and use your SQT.