SQD is the native token of SQD (formerly Subsquid), a decentralized indexing and data-access protocol designed for the AI Agents Economy. The network functions as a high-performance, permissionless data layer for querying on-chain data across more than 100 blockchains, including EVM chains, Substrate, Solana, Tron, and Starknet. Built to support AI agents and next-gen Web3 apps, the protocol offers modular infrastructure components such as the Squid SDK (for building custom indexers), SQD Cloud (for hosted deployments), and Firehose adapters (for subgraph compatibility). By eliminating the need for centralized RPC endpoints and archival nodes, SQD significantly improves performance and reduces indexing costs. The SQD token serves as the core economic and governance mechanism. It enables rewards for node operators, delegation-based curation, rate-limit boosting, and on-chain voting. With a total supply of 1.337 billion and structured long-term vesting schedules, SQD aims to power the future of decentralized, AI-driven data infrastructure.
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