What is Subsquid (SQD)?

Deep Dive

1. Purpose & Value Proposition

SQD addresses fragmented blockchain data access by decentralizing storage and retrieval. It replaces centralized RPC (Remote Procedure Call) providers with a network of 2,900+ nodes storing 3+ petabytes of data. Developers use SQD to build dApps needing real-time or historical data without vendor lock-in. Institutional clients like Deutsche Telekom and PancakeSwap rely on its uptime for critical operations (Subsquid).

2. Technology & Architecture

SQD’s modular design combines a decentralized data lake (raw blockchain data) with a query engine. Key innovations:
- ZK Proofs: Verify data integrity without exposing raw information.
- Multi-Chain Support: Indexes Ethereum, Solana, Polkadot, and niche chains like LUKSO.
- Batch Processing: Reduces costs by 90% vs. traditional indexing methods like The Graph (SQD Cloud).

3. Tokenomics & Governance

• Staking: Users lock SQD to increase query speed; 30.6% of supply is staked (111M+ tokens).
• Node Incentives: Operators earn 11.31% APR for storing data and serving requests.
• Governance: Token holders vote on protocol upgrades, though specifics remain under development.

Conclusion

SQD is redefining decentralized data infrastructure by balancing scalability with enterprise-grade reliability, powered by a token model that aligns user and operator incentives. With adoption by institutions and integrations like Google Cloud, could SQD become the default data layer for AI-driven Web3 applications?