SubQuery
SQTOpen-source multi-chain data indexer providing decentralized GraphQL APIs
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.01% | 2.61% | 10.38% | 36.26% | 21.08% | 23.08% |
Comparison
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Nov 23, 2026 | 18.69M SQT | $152.01 | 0.49% | 4 Allocation |
| Dec 23, 2026 | 18.69M SQT | $152.01 | 0.49% | 4 Allocation |
| Jan 23, 2027 | 18.69M SQT | $152.01 | 0.49% | 4 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x24ca...4d47 |   SQT | 4,433,311,000.95 | 43.4% | $36.04K |
| Base: L1 Standard Bridge (2c35) | SQT | 1,744,061,802.3 | 17.07% | $14.17K |
| 0x32ab...0494 | SQT | 705,410,245.79 | 6.91% | $5.73K |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | SQT/USDC | $0.0003877 | $334 | $333 | $117 | 161.43% | |
| 2 | SQT/USDC | $0.0003858 | $405 | $403 | $61 | 85.03% |
Follow Updates
Follow Lists
People
About SubQuery
SubQuery is decentralised blockchain indexing and node infrastructure that pivoted in 2026 to an AI data platform. Its indexing network links node operators, delegators and consumers with per-query billing, the developer kit supports multi-chain indexing and GraphQL; during the year it added a training subnet for GraphQL and a question-answering product that turns natural language into queries and connects through the model context protocol. The pain point is that reading chains directly is slow and costly and requires self-hosted indexers, GraphQL has a steep learning curve, and AI agents struggle with the cost and latency of data access.
On 12 April 2026 a settings contract deployed on Base was exploited in three transactions that took about 359.6 million tokens, disclosed on 13 April with a recovery plan; on 19 May it announced a phased shutdown of the decentralised network, stopping node service, indexing and staking rewards, removing operator and delegator roles, opening instant fee-free unbonding and converting the token into query credits for the question-answering product.
Setback: The team announced it is winding down the decentralized indexing network to focus on the AI platform AskSubQuery, ending indexing, RPC and subgraph services plus staking rewards and operator and delegator roles, with instant fee-free unbonding; a security incident was separately disclosed on April 13 with a recovery plan.
Incentives: On October 14 the Seekers program distributed 50M SQT to more than 17,500 participants, with everything above 800 SQT vesting linearly over six months.
SubQuery launched the Hermes Bittensor Subnet and the AskSubQuery natural-language query platform in January 2026, and published its 2026 roadmap on March 5. On April 13 its Settings contract deployed on Base was exploited, affecting about 359.6 billion SQT, prompting the team to initiate emergency recovery.
Future strategy and roadmap: Going forward, SubQuery announced it will shrink its decentralized indexing network and pivot its strategic focus to the AskSubQuery AI data platform, targeting on-chain data retrieval for the AI era.
Sam Zou — Founder & CEO; former General Manager at Centrality, led a US$100 million ICO in 2017; founded SubQuery in 2021.
Ian He — Co-founder & CTO; former infrastructure engineer at Alipay and Yihaodian; runner-up at the 2019 Substrate hackathon.
James Bayly — Co-founder & COO; serial entrepreneur overseeing product and ecosystem operations.