Subsquid ($SQD) Tokenomics Details

Subsquid is a decentralized query engine. It is leading the way by offering a robust solution for retrieving historical blockchain data across more than 200 networks. Central to this infrastructure is the $SQD token. Learn about Subsquid ($SQD) tokenomics here!

As developers and data analysts increasingly rely on efficient blockchain indexing, Subsquid’s approach offers an attractive alternative to centralized data providers. But what exactly is the $SQD token, how is it distributed, and what are its functions? 

In this article, we provide a detailed explanation of Subsquid $SQD tokenomics, token utility, and current market position, helping readers gain a better understanding of this emerging data infrastructure project.

Subsquid ($SQD) Token Details and Analysis

Subsquid's $SQD token is an ERC-20 asset built to support the network’s operations. The token is deployed on the Ethereum mainnet and bridged to Arbitrum One to ensure faster transactions and lower fees. 

Its purpose extends beyond simple transfers, $SQD acts as the foundation for economic coordination within the Subsquid Network. As of July 29, 2025, here are the key figures for Subsquid ($SQD):

• Market Capitalization: $140.56 million

• Fully Diluted Valuation (FDV): $267.00 million

• Total Supply: 1.34 billion SQD

• Circulating Supply: 703.85 million SQD

• All-Time High: $0.693

• All-Time Low: $0.0228

• Current Price: $0.1997

These numbers reflect growing investor confidence in the platform, especially as demand for reliable and scalable data indexing services continues to rise.

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Subsquid ($SQD) Tokenomics

The design of Subsquid $SQD tokenomics is structured to align long-term ecosystem development with incentive mechanisms for users, developers, and infrastructure providers. 

The token is distributed across multiple stakeholder groups, each with specific vesting schedules to encourage sustainable growth and avoid excessive early sell pressure.

Token Allocation Overview

The extended vesting periods show a clear intention to maintain long-term value and avoid token oversupply in early phases. With over 28% of tokens reserved for development activities, the project has substantial resources for continued growth.

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$SQD Utility and Distribution

The Subsquid $SQD token is more than just a digital asset, it’s a functional tool within the network’s architecture. Its roles are directly linked to the operations of the Subsquid platform and support the ecosystem’s decentralization goals.

Key Utilities of $SQD:

• Incentivizing Infrastructure Providers: SQD tokens are used to reward node operators who contribute storage and processing power to the network. This ensures the system remains decentralized and efficient.

• Delegation and Curation: Token holders can delegate their SQD to specific nodes. This enables the community to select trusted operators and helps maintain a permissionless but curated environment.

• Rate Limit Management: Users who need faster access to data can lock SQD tokens to increase their rate limits. This encourages fair and scalable access to network resources without relying on centralized intermediaries.

• Governance Participation: $SQD holders have the ability to vote on proposals, upgrades, and policy changes. This democratic model supports community-led decision-making and ensures transparency.

This multi-layered utility structure reflects Subsquid’s focus on creating an open and efficient infrastructure while giving meaningful power back to its participants.

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Subsquid ($SQD) Current Price

As of the latest update, the price of Subsquid ($SQD) stands at $0.1997. While this is well below its all-time high of $0.693, the token has maintained relatively stable performance during a volatile period for many crypto assets.

Given its market capitalization of approximately $140 million and a fully diluted valuation nearing $267 million, $SQD sits in the mid-cap range of crypto assets. 

This leaves room for growth, particularly as the platform adds support for more blockchain networks and continues to develop its product suite, such as the Squid SDK, SQD Cloud, and Firehose tools.

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Conclusion

Subsquid’s $SQD token is an integral part of a decentralized infrastructure project designed for efficient blockchain data access. 

With strong utility features, a well-structured token distribution model, and a growing user base, the token offers real functionality within a fast-expanding ecosystem. 

Whether used to incentivize node operators, participate in governance, or increase access to valuable data, $SQD is built to serve a specific purpose rather than mere speculation.

As the demand for reliable data indexing continues to grow across Web3 platforms, Subsquid and its native $SQD token are well-positioned to play a central role in supporting developers and applications that depend on accurate, fast, and scalable blockchain data.

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FAQ

What is SQD Network? 

The SQD Network is a decentralized data storage system designed to make blockchain data easily accessible.

How can I participate in SQD Network? 

You can participate in two main way. Run a worker node and Delegate your SQD tokens.

What is a decentralized data lake? 

A decentralized data lake is a distributed system that stores and organizes vast amounts of raw data in its original form until it's needed. 

What are some use cases for SQD’s decentralized data lake? 

SQD's decentralized data lake can be used for many purposes, including Indexing and Powering blockchain data. Creating analytics platform, Building multi-chain aggregator, Providing APIs and Supporting decentralized application (dApp) backends, and more.

Is SQD production-ready? Can I trust it for my dApp? 

Yes! SQD is ready for production and reliable for your dApp. It has been successfully used in over 500 different applications across various ecosystems, showing its trustworthiness and usefulness for Web3 developers.