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
Pepe Price Holds Steady as ETF Filing Lifts Market Attention
Canary Capital’s ETF filing enhances Pepe Coin's institutional appeal, although trader participation declines, impacting derivatives activity. Price movements hinge on key levels of support and resistance as the market faces mixed sentiment.
CryptoNewsLand9m ago
BitTensor AI Token Plunges as Top Builder Departs Over Decentralization Doubts
In brief
TAO has fallen more than 18% in the last 24 hours amid a spat between the network's founder and a leading ecosystem contributor.
The subnet operator, Covenant AI, is leaving BitTensor after alleging centralized control by the project's founder, Jacob Steeves.
Steeves denied the
Decrypt1h ago
Market in excessive panic? MicroStrategy founder: Bitcoin has already bottomed out, and the quantum threat is an overblown worry
Michael Saylor asserted that Bitcoin has already finished bottoming out when it reached $60k, and he believes concerns about threats from quantum computers are exaggerated. He predicts that in the future, Bitcoin will become the core of a digital credit system, and he mentioned that selling pressure in the market is limited, which could help drive a new bull market. Mizuho also gave a positive assessment of his company’s future performance.
CryptoCity2h ago
SHIB Slumps 93% From ATH as Bulls Struggle to Regain Control
SHIB price fell 93% from its all-time high, losing most of its previous momentum.
Holder growth continues, with new wallets joining despite weak market conditions.
Bulls are struggling to regain control, but on-chain signals suggest potential long-term recovery.
Shiba Inu once captured m
CryptoNewsLand3h ago
TAO Plummets 25% as Bittensor Co-Founder Accused of Using Token Sales to Coerce Compliance
Bittensor's TAO token dropped 25% due to allegations of centralized control by co-founder Jacob Steeves, resulting in $650 million market cap loss and $9.1 million liquidations. The controversy raises concerns about the project's governance.
Coinpedia5h ago
Market panic too extreme? MicroStrategy founder: Bitcoin has already hit bottom, quantum threats are overblown fears
Michael Saylor asserts that Bitcoin has already completed a bottoming process at $60k, and he believes concerns about threats from quantum computers are exaggerated. He predicts that in the future, Bitcoin will become the core of a digital credit system, and he mentioned that there is limited selling pressure in the market, which could help drive a new bull cycle. Mizuho also has a positive assessment of his company’s future performance.
CryptoCity5h ago
