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Subsquid (SQD) cryptocurrency Prices, about, Charts, Market Capitalization's and more.

Company details

Subsquid Network is an innovative decentralized data lake and query engine designed to offer developers performant and permissionless access to data, aiming to build a neutral and open internet rooted in Web3 principles. Secured by ZK proofs, the Subsquid network boasts a modular architecture that enables exceptional scalability and developer convenience optimized for blockchain indexing, dApp development, and analytics.

Subsquid is a response to unscalable and rigid monolithic indexing frameworks that had previously gained popularity and market traction among Web3 developers. Today, these frameworks are struggling to adapt in a rapidly evolving blockchain environment. Additionally, the network serves as a highly efficient and decentralized alternative to centralized infrastructure firms, including large RPC and API providers.

What is Subsquid?​

Subsquid (SQD) is a decentralized data lake and query engine that revolutionizes how developers interact with blockchain data. Launched in 2021, it addresses the need for performant appchain data access, quickly becoming the preferred indexing solution within the Substrate ecosystem. Subsquid's architecture supports granular selection and streaming of block data to lightweight clients, making it a versatile tool for developers.

The platform's modular design, secured by ZK proofs, ensures scalability and developer convenience, optimized for blockchain indexing, dApp development, and analytics. Subsquid's decentralized nature offers a robust alternative to traditional centralized infrastructure providers, including large RPC and API services. This decentralized approach aligns with Web3 principles, promoting a neutral and open internet.

Subsquid has expanded its support to include EVM, gaining significant traction with over 60,000 indexers deployed by 17,000 developers. The network's efficiency and cost-effectiveness make it an attractive option for various use cases in DeFi, privacy, and AI. The active community on Telegram and Discord, along with contributions to its open-source project, underscores the collaborative spirit driving Subsquid forward.

Collaborations with major companies like Google Cloud highlight Subsquid's growing influence and potential. The platform's mission to enable permissionless, cost-efficient access to petabytes of Web3 data positions it as a key player in the evolving blockchain landscape.

What is the technology behind Subsquid?​

Subsquid (SQD) is a cutting-edge technology that revolutionizes how developers interact with blockchain data. At its core, Subsquid is a decentralized data lake and query engine, designed to provide efficient and customizable access to blockchain data. This technology is built to address the limitations of traditional monolithic indexing frameworks, which often struggle with scalability and adaptability in the fast-paced blockchain environment.

The blockchain on which Subsquid operates is secured by zero-knowledge (ZK) proofs, a cryptographic method that ensures data integrity and privacy without revealing the data itself. This security measure is crucial in preventing attacks from bad actors, as it allows for the verification of transactions and data without exposing sensitive information. ZK proofs add an extra layer of security, making it extremely difficult for malicious entities to tamper with the data.

Subsquid's modular architecture is another standout feature. This design allows developers to customize and scale their data access needs efficiently. Unlike traditional systems that may require significant downtime for updates or migrations, Subsquid offers zero downtime migrations, ensuring continuous and uninterrupted service. This is particularly beneficial for developers who need to maintain high availability and performance in their applications.

The platform also provides high-performance Remote Procedure Call (RPC) endpoints, which are essential for interacting with blockchain networks. These endpoints facilitate quick and reliable communication between applications and the blockchain, enabling developers to build more responsive and robust decentralized applications (dApps). Additionally, Subsquid's intuitive deployment management tools simplify the process of deploying and managing blockchain data services, making it accessible even to those who may not have extensive technical expertise.

In terms of data indexing, Subsquid excels by offering a highly efficient and decentralized alternative to centralized infrastructure providers. Traditional centralized solutions often come with limitations such as single points of failure and potential censorship. Subsquid mitigates these issues by distributing the data across a decentralized network, ensuring greater reliability and resistance to censorship.

The technology behind Subsquid also includes a focus on Web3 principles, aiming to build a neutral and open internet. This aligns with the broader vision of creating a decentralized web where users have more control over their data and interactions. By providing performant and permissionless access to data, Subsquid empowers developers to create innovative solutions that adhere to these principles.

Moreover, Subsquid's seamless integration with various tools enhances its usability and flexibility. Developers can easily incorporate Subsquid into their existing workflows, leveraging its capabilities to improve data access and processing. This integration is particularly valuable for tasks such as blockchain indexing, dApp development, and analytics, where efficient data handling is critical.

In essence, Subsquid represents a significant advancement in blockchain technology, offering a decentralized, secure, and highly customizable solution for accessing and processing blockchain data. Its modular architecture, zero-knowledge proofs, and focus on Web3 principles make it a powerful tool for developers looking to build the next generation of decentralized applications.

What are the real-world applications of Subsquid?​

Subsquid (SQD) is a decentralized data lake and query engine designed to provide developers with performant and permissionless access to data. It aims to build a neutral and open internet rooted in Web3 principles. Subsquid's modular architecture, secured by ZK proofs, offers exceptional scalability and developer convenience, making it a robust solution for blockchain indexing, dApp development, and analytics.

One of the primary real-world applications of Subsquid is in decentralized finance (DeFi). By providing secure and reliable data feeds, Subsquid supports various DeFi projects, enabling them to access accurate and timely information essential for operations like lending, borrowing, and trading. Projects like PancakeSwap have utilized Subsquid for these purposes.

In the gaming industry, particularly in GameFi, Subsquid facilitates the integration of blockchain data into gaming platforms. This allows for the creation of decentralized games where in-game assets can be tracked, traded, and verified on the blockchain. Subsquid's efficient data indexing and querying capabilities make it an ideal choice for developers looking to build complex gaming ecosystems.

Subsquid also finds applications in supply chain management. By leveraging its decentralized data access and indexing features, companies can track the movement of goods and verify the authenticity of products throughout the supply chain. This ensures transparency and reduces the risk of fraud, making supply chains more efficient and trustworthy.

Additionally, Subsquid is used in artificial intelligence (AI) and analytics. Its ability to handle large volumes of data and provide real-time insights makes it valuable for AI applications that require vast amounts of data for training and decision-making processes. Subsquid's decentralized nature ensures that data remains secure and tamper-proof, which is crucial for maintaining the integrity of AI models.

Projects like Hydration and ChainSafe have also adopted Subsquid for various use cases, demonstrating its versatility and effectiveness across different industries. The network's ability to serve as a decentralized alternative to centralized infrastructure firms, including large RPC and API providers, further underscores its potential to revolutionize data access and management in the blockchain space.

What key events have there been for Subsquid?​

Subsquid Network, an innovative decentralized data lake and query engine, has made significant strides in the blockchain and cryptocurrency space. Designed to offer developers performant and permissionless access to data, Subsquid aims to build a neutral and open internet rooted in Web3 principles. Secured by ZK proofs, the network's modular architecture enables exceptional scalability and developer convenience, optimized for blockchain indexing, dApp development, and analytics.

In 2021, Subsquid was launched, marking its entry into the blockchain ecosystem. This launch was a response to the limitations of unscalable and rigid monolithic indexing frameworks that had previously gained popularity among Web3 developers. Subsquid quickly positioned itself as a decentralized alternative to centralized infrastructure firms, including large RPC and API providers.

By 2022, Subsquid had become the go-to indexing solution for projects within the Substrate ecosystem. This milestone underscored its growing influence and the trust it garnered from developers seeking efficient and scalable indexing solutions. The same year saw the launch of Subsquid's first public testnet, a critical step that allowed developers to experiment with and refine the network's capabilities in a real-world environment.

The year 2023 was marked by the launch of Subsquid's mainnet on Arbitrum, a significant event that expanded its reach and operational capabilities. This deployment on Arbitrum, a prominent layer-2 scaling solution for Ethereum, highlighted Subsquid's commitment to enhancing scalability and performance for its users.

Looking ahead to 2024, Subsquid achieved another milestone with the introduction of modular indexing through light indexers and SQL queries. This advancement further solidified its position as a leader in the blockchain indexing space, offering developers even more flexibility and efficiency in accessing and managing blockchain data.

Subsquid's journey from its inception to its current status reflects a series of strategic developments and technological innovations that have significantly impacted the blockchain and cryptocurrency landscape.

Who are the founders of Subsquid?​

Subsquid (SQD) stands out as a decentralized data lake and query engine, designed to provide developers with performant and permissionless access to data. The masterminds behind this innovative project are Dmitry Zhelezov and Marcel Fohrmann. Dmitry Zhelezov, serving as the CEO, brings a wealth of experience in blockchain technology and data solutions. Marcel Fohrmann complements this with his expertise in decentralized systems and Web3 principles. Together, they have crafted Subsquid to address the limitations of previous monolithic indexing frameworks, ensuring scalability and efficiency for blockchain indexing, dApp development, and analytics.

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Company information

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