What is SubQuery?
SubQuery is a high-performance, open-source decentralized infrastructure network that offers RPC and indexed data, delivering custom APIs for web3 projects across more than 200 supported chains.
More about SubQuery
The SubQuery Network is a robust, scalable, and unified data infrastructure network that supports thousands of decentralized indexers and RPC providers, simplifying the data layer for numerous applications and use cases. This network offers fast, reliable, and customized APIs for web3 projects through its decentralized Node Operators.
SubQuery began as an open-sourced indexer SDK but now offers both a Managed Service and a Decentralized Network to cater to the data needs of any builder. By providing an indexed data layer, SubQuery enhances the performance of dApps, enabling them to deliver richer data faster and create intuitive and immersive user experiences. The SubQuery Data Indexer is designed to be easy to build, test, deploy, and run, streamlining the dApp development process.
The SubQuery Data Node, a heavily optimized RPC endpoint, offers faster, cheaper, and globally decentralized RPC services. This node improves performance and scalability for next-generation web3 projects, making the integration and management of network connections straightforward with the help of similar RPC endpoints and useful SDKs.
The SubQuery Token (SQT) is central to the SubQuery Network's operation, incentivizing participation and serving as a medium of exchange within the network. Consumers exchange SQT for RPC queries or indexed data, which is then distributed among Node Operators. SQT is an ERC20 token available on Ethereum and bridged to Base, traded on exchanges like Bybit, Crypto.com, Gate.io, and Uniswap.
The SubQuery Network is vibrant and decentralized, offering numerous opportunities for participation and rewards. With its high-performance data indexers and optimized RPC endpoints, SubQuery is set to power the next generation of web3 applications.
SubQuery’s key offerings
The SubQuery Network is transforming the way data infrastructure is managed for web3 applications. Here are its unique selling points;
- Decentralized Data Indexing: SubQuery's decentralized approach to data indexing sets it apart from traditional, centralized solutions. By distributing data indexing tasks across a network of nodes. It enhances data reliability and accessibility. This decentralized model ensures there is no single point of failure, increasing the robustness and uptime of the data services provided. Additionally, the ability for users to customize their APIs means that data can be tailored to specific application needs, improving efficiency and user experience for decentralized applications (dApps).
- Optimized RPC Endpoints: The SubQuery Network's optimized Remote Procedure Call (RPC) nodes offer significant improvements in performance and scalability over traditional RPC solutions. These nodes are specifically designed to handle high volumes of requests efficiently, reducing latency and ensuring rapid response times for dApps. By decentralizing RPC services, SubQuery not only enhances the reliability of data retrieval but also reduces the operational costs associated with running dApps. This makes the network an attractive option for developers looking for cost-effective solutions without compromising on performance.
- Comprehensive Participation Roles: SubQuery supports a wide range of participant roles, each contributing to and benefiting from the network. Delegators, Node Operators and Consumers all have distinct responsibilities and reward structures. Delegators can earn rewards by supporting effective Node Operators, Data Indexers are incentivized to maintain high-quality indexing projects, RPC Providers benefit from serving reliable RPC services, and Architects are rewarded for creating and managing innovative SubQuery projects. This multifaceted participation model encourages active involvement and continuous improvement across the network.
- The SubQuery Token (SQT): is central to the network’s operations, serving as a utility token for transactions and an incentive mechanism. SQT facilitates a seamless and integrated economy within the SubQuery ecosystem. Participants use SQT to pay for services, stake for rewards, and engage in governance activities. This tokenomics model not only incentivizes participation but also aligns the interests of all network stakeholders towards common goals. By tying rewards and network activities to SQT, SubQuery ensures that participants are motivated to contribute positively to the network’s health and growth, creating a self-sustaining and vibrant ecosystem.
- Reward and Incentive Structure: SubQuery’s reward and incentive structure is designed to promote high-quality contributions and network growth. Productive work rewards are allocated to Node Operators for their efforts in serving data requests and maintaining high-quality projects. Network inflation rewards further support Indexers and RPC Providers, particularly those contributing to public good projects. This dual reward system not only ensures that essential services are consistently provided, but also encourages the development of new and innovative projects.
- Scalability and Performance: The architecture of the SubQuery Network is inherently designed for scalability and high performance. As the number of web3 applications continues to grow, the demand for efficient and scalable data infrastructure increases. SubQuery addresses this need by providing a network that can handle large volumes of data requests without compromising on speed or reliability. This makes it an ideal solution for developers looking to build and scale dApps quickly and efficiently. The network’s ability to maintain high performance under load ensures a consistent and reliable user experience, which is crucial for the adoption and success of web3 applications.
By leveraging these unique selling points, the SubQuery Network offers a powerful and comprehensive solution for the data needs of the blockchain space, driving the adoption and success of decentralized applications
Key services & use cases powered by SubQuery as a Web3 infrastructure provider
SubQuery Network provides a robust set of use cases and services as a Web3 infrastructure provider. Some of these are;
- Enhanced dApp Performance: Decentralized applications (dApps) can leverage SubQuery’s decentralized indexing and optimized RPC endpoints to improve data access speeds and reliability.
- Blockchain Analytics: Developers and analysts can use SubQuery’s indexing services to create detailed and customizable blockchain analytics. By querying specific blockchain data efficiently, users can generate insights into transaction patterns, user behavior, and other critical metrics.
- DeFi Platforms and Wallets: Decentralized Finance (DeFi) platforms and Wallet projects can utilize SubQuery’s infrastructure to manage vast amounts of financial data quickly and securely. With reliable data indexing and RPC services, DeFi platforms can ensure accurate and timely data processing, which is essential for operations like automated trading, lending, and staking.
- NFT Marketplaces: Non-Fungible Token (NFT) marketplaces can leverage SubQuery’s custom APIs to provide detailed and searchable metadata about NFTs. Custom APIs allow marketplaces to offer advanced search and filtering options, enhancing user experience and engagement. Accurate and accessible NFT data helps users make informed purchasing decisions and track the provenance and history of their digital assets.
- Cross-Chain Data Integration: Applications that interact with multiple blockchains can use SubQuery multichain indexing services to integrate and manage cross-chain data efficiently. This is crucial for platforms offering cross-chain swaps, multi-chain wallets, and aggregated DeFi services.
- Governance and DAOs: Decentralized Autonomous Organizations (DAOs) can use SubQuery to manage and analyze governance-related data. Efficient data indexing and retrieval allow DAOs to track proposals, voting patterns, and member contributions accurately. This data is vital for transparent and effective governance, enabling informed decision-making and community engagement.
