SQD Network

SQD Network is a decentralized data indexing and access layer for blockchain networks, positioning itself as an alternative to traditional RPC nodes. Its core business involves ingesting raw blockchain data, transforming it into an optimized columnar format (Parquet), and storing it across a distributed network of worker nodes. Users query this data through a unified API (Portal), which supports both real-time and historical data access with high throughput and low latency.

The primary value proposition is performance and cost efficiency. By separating data indexing from execution and consensus, SQD enables batch queries across multiple blocks, achieving up to 100x faster data retrieval compared to conventional RPC methods. The decentralized architecture also reduces reliance on centralized infrastructure providers, mitigating single points of failure and censorship risks. Additionally, the network implements cryptographic verification at ingestion, ensuring data integrity and providing an auditable trail for each query response.

Market pain points addressed include the high cost and latency of running or using dedicated RPC nodes, the difficulty of scaling data access for analytics-heavy applications, and the lack of verifiable data provenance in existing indexing solutions. SQD targets developers building DeFi dashboards, AI agents, wallets, and analytics tools that require reliable, large-scale blockchain data without infrastructure overhead.

In the past six months (2026-02-28 to 2026-08-29), SQD Network announced a partnership with Google Cloud to integrate its verified blockchain datasets into BigQuery, enabling enterprise users to analyze on-chain data using familiar cloud tools. The network also expanded its supported chains to over 130 networks, including major L1s and L2s. A joint report with Algebra on DEX data architecture was published, highlighting migration patterns from subgraphs to SQD. The project underwent a strategic repositioning toward institutional clients, appointing a new CEO with capital markets background. No major negative incidents were reported during this period, though the network remains relatively early-stage with limited node participation compared to mature decentralized protocols.