SubQuery is a decentralized infrastructure marketplace that aims to support blockchain applications by offering open-source RPC and indexed data services to users worldwide. ^{[1] [2]}

Overview

SubQuery, co-founded by Ian He and James Bailey in 2021, is a decentralized infrastructure marketplace that aims to support blockchain applications. Initially focused on data indexing, it has expanded to provide services such as RPC, indexing, and AI application frameworks.

The platform supports nearly 300 blockchain ecosystems and seeks to assist developers in building scalable dApps without the complexity of managing backend systems. SubQuery offers an open-source network for RPC and indexed data, along with a Data Indexer for custom Web3 APIs and an AI Apps framework for decentralized AI development. ^{[1] [2] [3]}

SubQuery Network

The SubQuery Network is a decentralized infrastructure that aims to simplify blockchain data management. It facilitates decentralized indexers that structure data into APIs for applications such as DeFi dashboards and explorers, seeking to improve dApp performance with faster and richer data.

The network also provides scalable RPC services for reliable blockchain access and supports the development of decentralized AI applications. These services aim to assist developers in creating scalable and data-intensive blockchain solutions without the need to manage complex backend systems. ^{[1] [4]}

Products

Blockchain Data Indexing

SubQuery aims to simplify blockchain data indexing with its open-source Indexer SDK, which organizes on-chain data into customizable APIs. It supports nearly 300 blockchain protocols and seeks to enable multi-chain development for applications such as DeFi analytics and blockchain explorers.

The SubQuery Network utilizes a decentralized model with Node Operators to maintain data availability and integrity. This approach aims to provide scalability, reliability, and resistance to censorship for dApps. ^{[1] [4]}

Decentralised RPCs

SubQuery offers decentralized RPC services that aim to provide scalable and reliable access to blockchain nodes. By distributing requests across multiple providers, it seeks to improve performance, reduce single points of failure, and support secure transactions. The service is compatible with EVM and Substrate chains, including Base, Arbitrum, BNB, Polkadot, and Kusama. ^{[1] [4]}

AI Apps

SubQuery offers an AI App Framework aimed at enabling the development, deployment, and operation of AI applications in a decentralized environment. The framework seeks to provide scalable, secure AI apps through a sandboxed environment that supports horizontal scaling across the SubQuery Network.

It integrates Retrieval-Augmented Generation (RAG) files to enhance performance and supports databases such as LanceDB. AI apps can be published to IPFS to ensure data integrity. Developers can extend functionality with external tools and integrate various open-source models, including Ollama LLM and OpenAI, offering flexibility and compatibility with industry standards. ^{[1] [4]}

Tokenomics

SubQuery Token ($SQT)

The SubQuery Token (SQT) functions as a utility token within the SubQuery Network. It is designed to incentivize participation and serve as a medium of exchange for transactions within the network. ^[5]

Utility

The SubQuery Token (SQT) serves several key functions within the SubQuery ecosystem, including:

• Staking and Incentives: Indexers stake (or delegate) SQT to support network operations and may receive rewards for maintaining service reliability.- Governance: SQT holders can participate in decentralised governance by proposing and voting on network upgrades.- Service Payments: Developers use SQT to pay for indexing, RPC services, and AI hosting, contributing to the token's ongoing demand. ^[5]

Allocation

The total supply of SubQuery Tokens (SQT) is initially set at 10 billion, with the following allocation:

• Public Sale: 4.4%
• Liquidity: 5.0%
• Mainnet Incentives: 8.0%
• Foundation: 31.9%
• Seed: 11.7%
• Series A: 14.5%
• Series B: 3.2%
• Strategic Round: 5.5%
• Team & Advisers: 15.0% The network is inflationary, aiming to support Node Operators during the early launch phase and contribute to the SubQuery Foundation's treasury. ^[6]

Partnerships

SubQuery has formed various partnerships to support its infrastructure and service offerings. Key collaborations include:

• Base: SubQuery’s infrastructure relies on Base, which aims to provide a scalable foundation for data indexing, RPC services, and AI app hosting.- Traceye & OnFinality: These partners offer centralised indexer hosting to support SubQuery's decentralised network.- Blockchain Integrations: SubQuery aims to support a broad range of blockchain protocols, including Ethereum, Polkadot, Avalanche, Cosmos, Binance Smart Chain (BSC), Polygon (Matic), Near Protocol, and Fantom, to facilitate multi-chain compatibility. ^[1]

Investors

• Arrington Capital
• Digital Currency Group (DCG)
• Hypersphere Ventures
• Stratos Ventures
• DFG
• DeFi Alliance
• D1 Ventures
• NGC Ventures
• Wintermute Trading
• Skynet Trading
• The LAO
• Digital Renaissance
• P2P Capital
• Web3 Capital ^[3]

SubQuery Foundation

The SubQuery Foundation aims to support the development and growth of the SubQuery Network while assisting users and developers in building their own projects. Governed by the SubQuery Council, it oversees the promotion of the network, management of the treasury and marketing efforts, and administration of grants programs. The Foundation also focuses on fostering the ecosystem, providing educational resources, and ensuring decentralisation and community-driven governance. ^[7]