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
Ethena Drops 15% from Weekly High — Are Deeper Losses Coming?
Price Drop: ENA falls 15% from $0.12 weekly high as sellers regain control.
Market Trend: Long-term bearish signals dominate despite short-term bullish momentum and volume spikes.
Next Support: Traders watch $0.085 as the key level for potential further losses or bounce.
Ethena —ENA,
CryptoNewsLand12m ago
Wintermute: From a 12-18 month perspective, BTC's current price is quite attractive
Wintermute analyzes market conditions, believing that macro factors dominate, and cryptocurrencies are showing resilience with weakened correlation to stocks. Currently, the leverage in the cryptocurrency market is relatively low, resulting in less selling pressure. Although there is still room for further decline, deleveraging seems to have passed, and whether the future performance can be sustained remains to be seen. The FOMC meeting is a recent catalyst.
GateNews22m ago
PI Token Maintains Bullish Trend as Anticipation for Pi Day Grows
PI token trades above $0.21 after rallying over 25% in the past 7 days as anticipation for the upcoming Pi Day on March 14 grows.
PiScan recorded 3 million PI deposits to exchanges in 24 hours, suggesting near-term profit taking which could reverse the bullish trend.
Pi Network’s PI token tr
CryptoNewsFlash28m ago
Glassnode Data: Most XRP Supply in Loss, What It Means for Investors
Glassnode data shows 36.8 billion XRP, nearly 60% of the circulating supply, is held at a loss, with unrealized losses reaching $50.8 billion.
XRP traded near $1.34, while futures volume jumped on BitMEX and Binance as ETF outflows and weak spot activity kept pressure on price.
Glassnode dat
CryptoNewsFlash42m ago
Is the 'Bitcoin Pyramid' Cracking? Peter Schiff Predicts Forced BTC Liquidations by MicroStrategy - U.Today
Peter Schiff criticizes Michael Saylor's Bitcoin strategy, labeling it a "Bitcoin pyramid." He argues that Saylor’s preferred stock, STRC, may force the first Bitcoin sale due to its dependence on cash from new investments or reserves to pay dividends, risking liquidation.
UToday49m ago
Pi Network Approaches Key Price Level — Breakout or Bull Trap Ahead?
Price Action: PI trades near $0.20 supply zone after short-term 5% rally.
Technical Signals: H4 chart bullish, but higher timeframe trends remain bearish.
Trading Strategy: Watch $0.1857 support and $0.216 resistance for breakout or bull trap confirmation.
Pi Network has shown
CryptoNewsLand1h ago
