# Subsquid (SQD): D-Score 27/100 — Centralized Leaning

**BlockIndex D-Score: 27/100 (Centralized Leaning).** Subsquid (SQD) is a Layer 2 cryptocurrency using PoS consensus. Subsquid (SQD): Decentralized modular data indexing and query engine; Arbitrum‑deployed ERC‑20 powering high‑performance blockchain data services.

_Source: https://blockindex.ai/coin/sqd · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 27 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 16 |
| Age and history | 11 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: PoS (N/A)
- Launch: Other (2021)
- Founder: Dmitry Zhelezov; Marcel Fohrmann
- VC funded: No
- Max supply: 1,337,000,000
- Circulating: 1,040,396,628 (77.8%)

## Market data (as of 2026-06-19)
- Price: $0.05
- Market cap: $46.96M
- 24h volume: $6.66M
- 24h change: -4.48% · 7d change: +31.42%

## About
Subsquid (SQD) is a decentralized data lake and high-performance query engine created to give developers performant, permissionless access to blockchain data. Launched in 2021 and progressing through public testnets in 2022, the project deployed its mainnet on Arbitrum in 2023. Its core mission is to provide a modular, scalable alternative to centralized RPC and API providers by offering indexers, rich query capabilities and developer-focused tooling. Subsquid emphasizes modularity—introducing light indexers and SQL query support in 2024—to enable developers to build performant dApps, analytics pipelines, and DeFi tooling without the operational burden of maintaining bespoke indexing stacks.

From a technical standpoint, Subsquid positions itself as a middleware and infrastructure layer bridging chains and applications. The architecture centers on modular indexers and a query engine that supports SQL-like queries, enabling more expressive and developer-friendly access patterns. The project claims stronger data integrity guarantees through the use of ZK proofs as part of its security model and provides high-performance RPC endpoints aimed at reducing latency for high-throughput applications. While SQD is an ERC-20 token on Arbitrum rather than an independent L1 chain, its tooling and ecosystem integrations reflect an EVM-aligned design that targets Substrate and EVM ecosystems alike.

Subsquid’s practical use cases span dApp indexing, analytics, DeFi and GameFi tooling. The provided materials list integrations and users such as PancakeSwap, Hydration and ChainSafe, illustrating early ecosystem traction and real-world adoption. Developers can use Subsquid to index complex on-chain events, build dashboards, or power backend services for applications that require enriched historical and real-time on-chain data. The modular indexing approach—combined with zero-downtime migrations—reduces operational friction for teams that need to iterate quickly while maintaining continuity of service.

On tokenomics, the SQD token has a maximum supply of approximately 1.337 billion SQD and a circulating supply of roughly 967.159M SQD (≈72.34% circulating). Market data in the provided sources shows active trading: a recent price snapshot was $0.069579 with a market cap near $67.29M, an all-time high of $0.2865 (2025-06-11) and an all-time low of $0.02287 (2024-11-16). The provided files include a partial contract address for the Arbitrum deployment (0x1337...6f8aB1). Details such as chain ID, token decimals, pre-sale percentages, premine, or a full distribution breakdown were not included in the supplied materials and are listed as missing fields.

Governance and organizational details are sparsely documented in the provided inputs. Founders named include Dmitry Zhelezov (identified in the sources as CEO) and Marcel Fohrmann (co-founder). The sources do not describe a formal foundation or legal corporate entity, nor do they indicate on-chain DAO governance or a public treasury. Development activity and roadmap progress (testnet in 2022, Arbitrum mainnet in 2023, modular indexing in 2024) point to steady product evolution, but specifics about governance processes, voting mechanisms, or a public grant/dev fund were not provided in the extracted materials. Overall, Subsquid presents a developer-focused indexing protocol built around modularity, high throughput, and data integrity guarantees, with a tradable ERC-20 token (SQD) facilitating market access and economic alignment for ecosystem participants.

## Links
- Website: https://t.me/squid_tg_announcement
- Whitepaper: N/A
- GitHub: N/A

---
About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore