Subsquid (SQD) Deep Analysis Report

Subsquid's Positioning and Significance

Subsquid Network (SQD) is a hyper-scalable data access layer designed to power decentralized applications (dApps). As an indexing protocol, it provides blockchain applications with the critical information they need to deliver excellent user experiences.

In the rapidly evolving blockchain ecosystem, Subsquid addresses a fundamental challenge: efficiently accessing and organizing blockchain data. By serving as a specialized infrastructure layer, it plays a vital role in the data indexing and infrastructure sector, enabling seamless interaction between blockchain networks and user-facing applications.

As of December 2025, Subsquid maintains a market cap of approximately $6.76 million with 161.4 million tokens in circulation across a distributed network of users and developers. The project continues to build an active community of developers and node operators.

Origin and Development History

Foundation Background

Subsquid Network was developed to address a critical pain point in the blockchain industry: the challenge of efficiently querying and accessing historical blockchain data. As blockchain applications became increasingly complex and data-heavy, traditional methods of data retrieval proved inadequate. Subsquid emerged as a solution to this problem, enabling dApps to access structured, indexed blockchain data without performance degradation.

The project represents an important infrastructure layer in the blockchain ecosystem, similar in significance to how indexing services are fundamental to traditional web applications. By providing a specialized data access layer, Subsquid allows developers to build more responsive and efficient decentralized applications.

Key Milestones

• May 2024: Token launch at an initial price of $0.176, representing the beginning of the project's public participation phase.
• May 2024: Achieved all-time high (ATH) of $0.5, demonstrating strong early market interest and adoption momentum.
• November 2024: Token price reached its all-time low (ATL) of $0.02288, reflecting broader market volatility and consolidation phases common in emerging blockchain infrastructure projects.

How Subsquid Works?

Decentralized Data Infrastructure

Subsquid operates as a distributed network of indexing nodes spread across the globe. Rather than relying on centralized databases or proprietary data providers, Subsquid leverages a decentralized architecture where multiple participants maintain synchronized copies of indexed blockchain data. This approach eliminates single points of failure and ensures data availability and censorship resistance.

Protocol Architecture

Subsquid's core function is to index blockchain data efficiently and make it queryable. The protocol works by:

• Data Extraction: Capturing raw blockchain transactions and state changes from various blockchain networks
• Indexing: Processing and organizing this data into structured formats that applications can easily query
• Distribution: Serving indexed data to dApps through an efficient query interface

This specialized infrastructure allows developers to build applications without having to run and maintain their own full blockchain nodes, significantly reducing operational complexity and costs.

Network Participants

The Subsquid Network operates through a network of specialized nodes that perform indexing tasks. Participants in the network are incentivized to maintain data integrity and availability, with rewards distributed through the SQD token. This economic model ensures that the network remains well-maintained and responsive to application demands.

Security and Reliability

Subsquid ensures data integrity through cryptographic verification mechanisms and distributed consensus among participating nodes. The architecture is designed to resist attacks and maintain consistency across the network. By distributing data across multiple independent participants, the system achieves fault tolerance and prevents any single actor from corrupting or monopolizing access to indexed blockchain information.

Market Performance Analysis

Current Market Metrics

As of December 23, 2025:

Price Trends

Historical Price Performance

• All-Time High (ATH): $0.5 (May 17, 2024)
• All-Time Low (ATL): $0.02288 (November 16, 2024)
• Current Distance from ATH: Down 91.63%
• Current Distance from ATL: Up 82.83%

The token demonstrates typical market volatility patterns for emerging infrastructure projects, with significant price fluctuations reflecting both adoption progress and broader market sentiment.

Token Economics

Supply Distribution

• Circulating Supply: 161,400,000 SQD (12.07% of maximum supply)
• Total Supply: 1,337,000,000 SQD
• Maximum Supply: 1,337,000,000 SQD
• Circulation Ratio: 12.07%

The relatively low circulation ratio indicates that most tokens are not yet in active circulation, suggesting potential volatility as more tokens enter the market over time.

Technical Information

Blockchain Integration

Subsquid is deployed on the Arbitrum network:

• Chain: Arbitrum (ARBEVM)
• Contract Address: 0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1
• Block Explorer: Available on Arbiscan

Accessing Subsquid

Official Resources

• Website: https://subsquid.io/
• Whitepaper: https://docs.subsquid.io/subsquid-network/whitepaper/
• Twitter: https://twitter.com/subsquid
• Token Contract: https://arbiscan.io/token/0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1

Trading

SQD tokens are available for trading on Gate.com, providing liquidity for those interested in participating in the Subsquid Network ecosystem.

Summary

Subsquid Network represents an important infrastructure component in the blockchain ecosystem, addressing the critical need for efficient, decentralized data indexing. While currently maintaining a modest market cap relative to some larger infrastructure projects, its specialized positioning within the data layer segment reflects the fundamental importance of indexing solutions for the broader adoption of blockchain applications.

The project's distribution across 16,718 holders and deployment on Arbitrum demonstrate active community participation and integration within the growing Layer 2 ecosystem. As blockchain applications continue to evolve in complexity, infrastructure solutions like Subsquid that optimize data access are likely to remain essential to the ecosystem's development.

Last Updated: December 23, 2025

Subsquid Market Performance Report

Subsquid's Market Performance

Circulation Overview

As of December 23, 2025, Subsquid (SQD) has a circulating supply of 161,400,000 tokens, with a total supply of 1,337,000,000 tokens. The maximum supply is fixed at 1,337,000,000 tokens, representing a deflationary token model where 12.07% of the total supply is currently in circulation.

Price Volatility

Subsquid reached its all-time high of $0.5 on May 17, 2024, during a period of market optimism and increased adoption of data indexing solutions in the blockchain ecosystem.

The token's lowest price was $0.02288, recorded on November 16, 2024, reflecting market pressure and broader cryptocurrency market conditions.

Currently trading at $0.04186 as of December 23, 2025, SQD has experienced notable price movements: a 4.35% gain over the past 24 hours, but a 10.48% decline over the past 30 days and a 20.36% decrease over the past year. These fluctuations reflect evolving market sentiment toward data access layer protocols and their role in blockchain infrastructure.

View the current SQD market price on Gate.com

Key Market Metrics

• Market Capitalization: $6,756,204 (based on circulating supply)
• Fully Diluted Valuation: $55,966,820
• 24-Hour Trading Volume: $257,239.19
• Market Dominance: 0.0017% of the total cryptocurrency market
• Token Holders: 16,718 addresses holding SQD tokens

Price Performance Summary

The network is deployed on the Arbitrum blockchain, with the token contract address: 0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1.

Subsquid (SQD) - Comprehensive Market Analysis Report

Market Overview

Subsquid Network is a hyper-scalable data access layer that powers decentralized applications. As an indexing protocol, it provides blockchain applications with essential information to deliver superior user experiences.

Key Market Metrics (as of December 23, 2025)

Price Performance Analysis

Short-term Performance:

• 1 Hour: -1.39%
• 24 Hours: +4.35%
• 7 Days: -1.069%
• 30 Days: -10.48%
• 1 Year: -20.36%

The token shows recent bullish momentum in the 24-hour timeframe, though longer-term performance indicates a bearish trend throughout the year.

Token Economics

Supply Structure

Subsquid operates with a capped supply model designed to create scarcity over time:

• Maximum Supply: 1,337,000,000 SQD
• Current Circulation: 161,400,000 SQD (12.07% of total supply)
• Circulating to Total Ratio: This low circulation ratio suggests significant token unlock potential, which could impact price dynamics as more tokens enter circulation.

Distribution and Holders

• Total Holders: 16,718
• Market Cap to FDV Ratio: 12.07%

This ratio indicates that the majority of tokens remain locked or reserved, typical for protocol tokens with staged release schedules.

Network Information

Blockchain Integration

Contract Address (Arbitrum Network):

• Address: 0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1
• Chain: Arbitrum (ARBEVM)
• Explorer: View on Arbiscan

SQD is deployed on Arbitrum, leveraging the layer 2 solution's high throughput and low-cost transaction environment, making it suitable for indexing protocol operations.

Official Resources

Primary Channels

• Official Website: https://subsquid.io/
• Whitepaper: Subsquid Network Whitepaper
• Twitter/X: @subsquid

Documentation

The project provides comprehensive technical documentation at docs.subsquid.io, including protocol specifications, developer guides, and network architecture details.

Trading Information

Availability

Subsquid (SQD) is available for trading on Gate.com, providing users with a secure platform to buy, sell, and trade the token.

Market Statistics:

• Exchange Listed On: Multiple platforms
• Current Trading Status: Active
• Publish Price: $0.176 (at token launch)

Investment Considerations

Strengths

1. Unique Value Proposition: As a hyper-scalable data access layer, Subsquid addresses a critical infrastructure need in the blockchain ecosystem
2. Layer 2 Integration: Deployment on Arbitrum provides cost-efficient operations
3. Active Development: Comprehensive documentation and technical resources indicate ongoing development
4. Growing Holder Base: 16,718 token holders demonstrate community engagement

Risk Factors

1. Low Market Liquidity: 24-hour trading volume of $257,239 indicates relatively thin liquidity for a token with $6.7M market cap
2. Significant Price Decline: 20.36% decline over the past year shows bearish long-term pressure
3. High Token Unlock Risk: Only 12% of total supply is circulating, creating potential dilution risks as tokens are released
4. Emerging Protocol Risk: As an indexing protocol, adoption and competitive positioning remain critical success factors
5. Market Volatility: 88% decline from all-time high demonstrates extreme price volatility

Market Position

Ranking: #1369 by market capitalization

While Subsquid operates in an important infrastructure segment, its market cap rank reflects the nascent stage of data access layer adoption and competition from established indexing solutions.

How to Acquire SQD

1. Purchase Channel: Buy SQD on Gate.com with competitive trading pairs and low fees
2. wallet Storage: Secure your tokens using non-custodial wallet solutions compatible with Arbitrum
3. Network Access: Ensure your wallet is configured for Arbitrum network (RPC: https://arb1.arbitrum.io/rpc)

Summary

Subsquid Network represents an important infrastructure layer in the blockchain ecosystem, providing essential indexing and data access services to decentralized applications. The protocol's deployment on Arbitrum positions it at the forefront of efficient, scalable blockchain infrastructure.

Key Takeaways:

• Technology Focus: Specialized infrastructure protocol addressing real blockchain scalability challenges
• Market Stage: Early-stage adoption with significant growth potential but also notable risks
• Price Volatility: Substantial price fluctuations warrant cautious position sizing and risk management
• Liquidity Considerations: Limited trading volume requires strategic entry and exit planning
• Token Economics: Significant token unlock schedule could impact future price dynamics

Subsquid is suitable for investors with high risk tolerance who believe in the long-term potential of data access layer infrastructure. Thorough research and understanding of indexing protocol technology are essential before investing. As with all cryptocurrency investments, only invest capital you can afford to lose and implement appropriate risk management strategies.

FAQ

What is the full form of sqd?

SQD is the full form of Squid. It is the native token of the Squid protocol, a decentralized cross-chain messaging and liquidity protocol in the web3 ecosystem.

What is sqd in quality?

SQD (Supplier Quality Development) is a strategic quality improvement activity that enhances supplier reliability and efficiency. It focuses on increasing product quality standards and operational performance within supply chains through systematic development programs.

What is sqd crypto?

Subsquid (SQD) is a decentralized data infrastructure network providing developers fast, permissionless access to blockchain data. It enables building decentralized applications requiring blockchain information through its accessible infrastructure platform.

What does Aeroplan sqd mean?

Aeroplan SQD stands for Status Qualifying Dollars, representing the amount spent on Air Canada or Star Alliance flights to achieve higher membership status levels.