SQD SQD Price

What is SQD (SQD)?

Subsquid $SQD serves as a decentralized query engine, specifically designed to enable efficient batch extraction of large volumes of historical on-chain data. The network supports a wide range of blockchain ecosystems, including over 100 EVM and Substrate-based networks, as well as Solana (beta), Tron, Starknet, and Fuel. This comprehensive network provides access to detailed data sets, such as event logs, transaction receipts, traces, and per-transaction state differences.

In addition to the network itself, Subsquid $SQD is complemented by various tools and services that enhance its usability and functionality. These include:

Squid SDK: A high-performance Typescript toolkit for indexing and extracting data from Subsquid $SQD without the need for archival RPC nodes.

SQD Cloud: A hosted service for deploying custom indexers and GraphQL APIs.

SQD Firehose: A lightweight adapter that facilitates running subgraphs against Subsquid $SQD, eliminating the need for direct access to archival RPC nodes.

ApeWorx Plugin: A specialized plugin that allows the ApeWorx framework to use Subsquid $SQD as a fast data source.

Key Features

Data Querying Efficiency: Subsquid $SQD streamlines the process of indexing historical blockchain data by eliminating reliance on traditional archival RPC providers like Infura or Alchemy. This results in faster and more cost-efficient data extraction.

 

Modular Architecture: The modular design enables developers to extract data from a decentralized data layer rather than directly from blockchain nodes. This approach reduces costs and improves reliability.

 

Cost Reduction: Subsquid $SQD reduces indexing expenses by up to 90% compared to traditional centralized solutions.

 

Cross-Chain Support: Subsquid $SQD supports a wide variety of blockchain networks, making it a versatile tool for developers working across different ecosystems.

 

Use Cases

Subsquid $SQD is designed for Web3 developers and analytics platforms requiring fast and reliable blockchain data. Key use cases include:

Comprehensive On-Chain Data Extraction: Developers can extract data such as transaction details, event logs, and state differences across multiple blockchain networks.

Custom Indexing Projects (Squids): Users can create indexing projects with decoded and transformed data to meet their specific application needs, including storage options like PostgreSQL or S3.

GraphQL APIs: Transformed data can be served through GraphQL APIs, enabling developers to power Web3 applications and analytic dashboards in real time.

Examples of indexing use cases include:

Mining transactional data from large numbers of wallets.

Tracking token transfers in real time.

Analyzing decentralized exchange (DEX) trades and liquidity pool interactions.

Indexing NFT minting and transfers.

Conclusion

Subsquid $SQD is a robust and cost-efficient solution for blockchain data queries and indexing. With its modular architecture, extensive cross-chain support, and suite of developer-focused tools, it stands out as an essential infrastructure for Web3 applications. By addressing the challenges of indexing costs and complexities, Subsquid $SQD plays a critical role in the evolving blockchain ecosystem.

What is unique about SQD (SQD)?

Subsquid $SQD offers fast, cost-efficient blockchain data querying and indexing, reducing indexing costs by up to 90% with cross-chain support.

Who are the founders of SQD (SQD)?

The founders are Subsquid Labs, a professional team advancing blockchain data infrastructure.

Where can I buy SQD (SQD)?

 Bybit, MEXC, Gate.io, Coinbase, HTX