Subsquid is a decentralized indexing protocol and blockchain ecosystem designed to facilitate the development of DApps and the analysis of large volumes of data. It allows users to extract, manage, and store data using the Subsquid network, Subsquid Software Development Kit (SDK), and Subsquid Cloud.
As of 2024, the platform secured over $3.8M in its seed funding round and aims to raise additional $6.283M in the public Subsuid token sale round on CoinList.
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Subsquid is a query engine network and blockchain indexing solution designed to simplify the extraction, analysis, and storage of large amounts of information. It comprises three main components: Subsquid SDK (software development kit), Subsquid cloud and decentralized network.
The Subsquid software development kit is built from a diverse set of TypeScript libraries that help developers get, decode, transform, and save data. It also allows users to configure APIs or IPFS gateways and extract information from data tracking and analysis applications such as CoinGecko or Coinmarketcap.
The Subsquid network stands as a central component of the Subsquid ecosystem. It is a decentralized peer-to-peer data provider that enables users to quickly find and consume necessary information from various data sources.It currently supports over 80 EVM-compatible chain networks and will expand to include Cosmos and Solana chain networks in the future.
The network draws computing power and new data from network contributors and rewards them with native Subsquid tokens ($SQD). The SQD token can be used for rewarding contributors, delegation, staking, and data extraction. Additionally, users can get a discount on fees within the Subsquid network and gain access to exclusive datasets by staking $SQD.
Find more information about the Subsquid crypto ecosystem here.
Permissionless Dataset Support;
Decentralized Solana Database Streaming;
Enterprise Tooling: Kafka & Snowflake.
Subsquid is a blockchain ecosystem and data lake that enables blockchain developers to search, extract, process, and store information in one place. The entire Subsquid ecosystem is powered by the native $SQD token. This token is utilized for rewarding ecosystem contributors, staking delegation, reducing gas fees, and gaining access to exclusive datasets.
The project has already announced future airdrop and allocated 2% of the whole token supply to reward a limited number of testnet participants.
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