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SQD Overview
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About SQD
SQD serves multiple purposes within the Subsquid Network ecosystem:
Incentives for Network Operations: Workers who contribute storage and computation resources earn SQD as rewards. These rewards are calculated based on factors like uptime, data served, and delegated token amounts.
Delegation and Staking: SQD tokenholders can delegate their tokens to workers, supporting reliable nodes and earning a share of the rewards.
Query Resource Allocation: Users of the network lock SQD to access resources such as data queries. The locked tokens yield "compute units" (CU), which determine the query bandwidth available to the user.
Governance: SQD tokenholders can participate in governance decisions, influencing protocol changes and resource allocation policies.
Reward Pool and Ecosystem Growth: A fixed percentage of the SQD token supply is allocated to a rewards pool for incentivising network participation during the initial bootstrapping period. Future adjustments to token supply and reward mechanisms will be determined via governance.
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Learn About SQD
CRO Burn Erased Seventy Billion Without Price Move
Cronos (CRO) is the native ERC-20 utility token of the Cronos blockchain, an EVM-compatible proof-of-stake Layer 1 launched by Crypto.com to support DeFi, NFTs, gaming, and payment applications, with native integration into the Crypto.com exchange ecosystem and its 150+ million customer base. CRO trades around $0.07 with a market cap near $3.2B, ranked #34 on CoinGecko, with circulating supply of roughly 44 billion against a 100 billion max supply. The token sits roughly 92% below its all-time high of $0.8915 reached in late 2021. Crypto.com's deflationary burn schedule originally removed 70 billion CRO from circulation in 2021, though reissuances and reversals have complicated the supply picture since. Trump Media holds 756 million CRO tokens originally purchased for $113.9 million.
Five Metrics That Actually Matter for SQD Right Now
SQD token is trading at $0.033 after plunging 91.33% from its all-time high of $0.2848. Most sqd news stories focus on the crash from those levels and the massive altcoin bloodbath forced by Bitcoin dominance over 58%. But that's not the true story. It's beneath the chart. If you're asking yourself what is SQD and wondering if this decentralized data infrastructure protocol has staying power, five ecosystem-level metrics tell a sharper story than any sqd price prediction based on candlesticks alone.
Often Discussed Alongside SQD
Tokens that appear with SQD in our academy articles.
SQD Market Data
The live SQD price today is $0.04 USD with a 24-hour trading volume of $312,172.50 USD. We update our SQD to USD price in real-time. SQD is down 2.02% in the last 24 hours.
The current market cap is $46,719,149.47 USD, ranking #354 by market capitalization. The circulating supply is 1,087,670,602 SQD.