Gate News Bot Message, December 29th, according to CoinMarketCap data, as of press time, SQD (Subsquid) is currently priced at $0.08, up 20.45% in the past 24 hours, with a high of $0.09 and a low of $0.04. The 24-hour trading volume reached $27.6 million. The current market capitalization is approximately $81.4 million, an increase of $13.8 million from yesterday.
Recent Important News about SQD:
1️⃣ Rezolve AI Strategic Acquisition Strengthens Data Infrastructure Value
After Subsquid was acquired by Rezolve AI, it achieved a deep integration of blockchain data infrastructure and AI applications. This integration combines decentralized data lakes, query engines, and the Smartpay digital asset payment track, providing a complete data and payment solution for the AI economy. This strategic acquisition enhances SQD’s core competitiveness in AI data infrastructure and solidifies market confidence in the project’s long-term prospects. According to the heat ranking on December 25th, SQD’s acquisition heat rose to third place, reflecting positive market attention towards this integration event.
2️⃣ Robust Growth of Network Infrastructure Supports Application Demand
The SQD network currently has 2,126 active nodes, with a service scale of 1PB of data over the past 90 days, and a request volume of up to 4.65 million requests in 24 hours. These indicators reflect the stable operation of the network infrastructure and the continuous growth of market demand. The large node scale and high-frequency data requests demonstrate the broad validation of the platform’s application value in the Web3 and AI ecosystems, with market demand for decentralized data services continuing to rise.
3️⃣ Deflation Mechanism and High Staking Rate Provide Price Support
The SQD token employs a deflationary design and income capture mechanisms to encourage long-term holding. Currently, 252.1 million SQD are staked in the network, with 87.9412 million SQD delegated, totaling over 340 million SQD staked and delegated, accounting for a significant proportion of circulating supply. The high proportion of locked holdings reflects investors’ confidence in the long-term value of the ecosystem, while the deflationary mechanism continuously suppresses circulating supply, serving as an important fundamental factor supporting recent price increases.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S.-Iran ceasefire drives Bitcoin higher—will this be a short-term rebound or the start of a new bull market?
Affected by the U.S.-Iran ceasefire agreement, the cryptocurrency market rebounded noticeably. Bitcoin briefly broke above $72,700, then fell back to around $71,695, with a gain of 4.3%. Analysts said this rally may be driven by short-term liquidity, while the long-term outlook remains uncertain; investors should watch changes in the macroeconomic environment and the situation in the Middle East.
GateNews1h ago
XRP Today News: A whale’s holdings have reached a 10-month high as the Ripple conference in Tokyo gets underway
At the XRP Tokyo Conference, Ripple predicts that global on-chain stablecoin transaction volume will exceed $33 trillion in 2026, while large investors continue to withdraw XRP from exchanges, pushing its holdings to a 10-month high. The market is watching regulatory developments, especially the impact of the “CLARITY Act.” In the short term, the XRP price is consolidating between $1.28 and $1.35; if it breaks above $1.35, it may see an upward move.
MarketWhisper1h ago
Gate Daily Report (April 8): Resolv leak impacts treasury liquidity; Fox and Kalshi reach a data partnership
Bitcoin (BTC) has recently rebounded to $71,520, but due to a Resolv USD private key leak, some vault liquidity is insufficient, and Trading Protocol warns users to deposit with caution. Fox and Kalshi have partnered to integrate prediction market data into news programs, demonstrating the importance of data in media. The market is reacting sharply to developments in the Middle East; investors are waiting for Trump’s decisions, which is affecting overall market sentiment.
MarketWhisper1h ago
