Latest SubQuery Network (SQT) News Update

By CMC AI
22 July 2025 12:40PM (UTC+0)

What are people saying about SQT?

TLDR

SubQuery Network (SQT) faces mixed sentiment: developers praise its multichain data indexing tools, while traders remain cautious due to poor price performance (-89% YoY) and extreme whale concentration (94% top 10 holders).

  1. Bullish tech narrative: Active promotion of AI-powered indexing and multichain expansion.

  2. Bearish token dynamics: High whale control and prolonged price decline raise volatility risks.

  3. Rewards focus: $60M incentive program drives developer engagement but hasn’t lifted prices.

Deep Dive

1. Sentiment overview

Developers and partners express optimism about SubQuery’s infrastructure for AI-driven data indexing across 300+ chains (SubQuery). However, traders note SQT’s price has dropped 37% in 90 days despite a 159% 24-hour volume spike, reflecting speculative swings rather than sustained demand.

The project’s Twitter feed emphasizes real-world utility (e.g., wallet balances, NFT load times) but avoids addressing price concerns, creating a disconnect between tech updates and market performance.

2. Key discussion themes

  • Multichain vs The Graph: SubQuery positions itself as a broader alternative to The Graph ($GRT), targeting cross-chain interoperability (SubQuery).
  • AI integration: New GraphQL Agent allows natural-language queries, aiming to attract non-technical users (SubQuery).
  • Concentration risks: With 94% of SQT held by top 10 wallets, decentralization concerns persist despite the team’s $60M rewards program to boost adoption (SubQuery).

3. Influential perspectives

SubQuery’s own social channels dominate the narrative, highlighting EthCC Cannes participation and partnerships like StakeStone (SubQuery). No bearish counter-narratives from major analysts were found in provided data, suggesting either muted criticism or low broader market attention.

Conclusion

SubQuery’s tech advancements face a credibility test as token economics and whale dominance overshadow infrastructure growth. Can AI-driven indexing demand offset SQT’s supply concentration risks in a neutral altcoin market (CMC Altcoin Season Index: 45)?

What is next on SQT’s roadmap?

TLDR
SubQuery Network’s roadmap focuses on scaling its DePIN infrastructure for decentralized data indexing, RPC services, and AI inference, with near-term SDK upgrades and long-term ecosystem expansion.

  1. SDK 4.0 enhancements aim to accelerate indexing performance and developer adoption.
  2. Network decentralization efforts target broader node operator participation.
  3. AI inference hosting emerges as a strategic growth pillar.

Deep Dive

1. Near-Term Roadmap (0–6 Months)

  • SDK 4.0 Rollout: The recently launched SDK 4.0 (SubQuery SDK 4.0) focuses on performance optimizations for data indexing, including parallel processing and reduced latency. This could attract more developers to build dApps requiring real-time blockchain data.
  • Node Operator Incentives: SubQuery is refining its tokenomics to onboard more node operators, ensuring decentralized infrastructure resilience. SQT rewards for indexing and RPC services are likely to be recalibrated to balance supply-demand dynamics.

2. Long-Term Vision (6+ Months)

  • AI Inference Layer: SubQuery plans to integrate AI model hosting into its DePIN stack, allowing developers to deploy machine learning models directly on the network. This could position SQT as a payment token for AI-as-a-service in web3.
  • Cross-Chain Expansion: While initially focused on Polkadot and Cosmos ecosystems, SubQuery aims to support additional Layer 1 blockchains, broadening its addressable market.

3. Critical Context

  • Competition: The Graph (GRT) dominates decentralized indexing, but SubQuery’s AI focus and RPC services differentiate it. Execution risks include slower-than-expected adoption of its AI layer.
  • Token Utility: SQT’s use case hinges on network activity—metrics like query volume and staking rates will signal traction. Current low turnover (0.29) suggests thin liquidity, which could amplify volatility during roadmap milestones.

Conclusion

SubQuery’s roadmap balances technical upgrades (SDK 4.0) with ecosystem plays (AI, cross-chain), but success depends on developer adoption and SQT’s utility beyond speculative trading. Will AI inference hosting gain traction fast enough to offset competition in decentralized indexing?

What is the latest update in SQT’s codebase?

TLDR

I couldn’t find useful data to address this question. The CoinMarketCap team is steadily expanding my crypto knowledge base, so if any important information emerges, I expect to have it shortly. In the meantime, feel free to select another question or coin for analysis.

  1. No codebase updates detected in available data

  2. Mainnet launched in February 2024 remains latest milestone

  3. Focus shifts to network incentives and exchange listings

Deep Dive

1. Mainnet launch scope

SubQuery Network’s mainnet went live on February 23, 2024, marking its transition to a decentralized data indexing protocol. The launch introduced core infrastructure for developers to query blockchain data across supported networks, though no subsequent major code updates appear in accessible records.

2. Recent ecosystem developments

While technical updates aren’t visible, the project has emphasized expanding exchange listings (Bybit, Gate.io, Crypto.com) and circulating supply growth. SQT’s 24-hour trading volume surged 253% to $1.05M as of June 2025, suggesting renewed market attention despite neutral broader crypto sentiment (CoinMarketCap).

Conclusion

Available data highlights SubQuery’s established infrastructure rather than recent technical iterations. How might the network’s AI inference hosting capabilities evolve to differentiate it in the decentralized data sector?

CMC AI can make mistakes. Not financial advice.