Subsquid
Subsquid (SQD) operates a decentralized blockchain data layer delivering validated, real-time and historical onchain data across 225+ networks. As a Rezolve AI subsidiary, it serves DeFi protocols managing over $20B TVL with cryptographic block validation and AI agent integration.
- Company typePrivate
- Founded2021
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Subsquid does
Subsquid Labs GmbH, operating under the brand SQD, is a blockchain data infrastructure company that provides a decentralized onchain data layer for retrieving, validating, and serving real-time and historical blockchain data. The platform combines a 2,000+ worker-node decentralized network with a streaming HTTP API (Portal API) covering 225+ networks including Ethereum, Solana, Arbitrum, Base, Bitcoin, and HyperLiquid. Data is ingested through multi-source RPC verification and six cryptographic validation checks per block (including tx root reconstruction, Merkle-Patricia trie rebuild, and state root validation), then archived in immutable Parquet files with 30x replication. Two TypeScript SDKs (Squid SDK and Pipes SDK) and a managed SQD Cloud deployment platform complete the developer toolchain, while an MCP Server enables AI agents to query, index, and deploy blockchain pipelines natively from frameworks such as Claude, Cursor, and VS Code.
The company's customer base is anchored in DeFi protocols and blockchain applications where data accuracy is financially material — SQD publicly states it serves protocols managing over $20 billion in TVL, including GMX, Morpho, PancakeSwap, zkVerify, RAILGUN, Lambda, and Deutsche Telekom. The business model is hybrid: a free public API endpoint (zero egress fees) drives product-led developer adoption, while monetization comes from dedicated Portal subscriptions, SQD Cloud managed services, and SQD 360 bespoke enterprise engineering engagements, all priced on a quote basis. The firm was acquired by Nasdaq-listed Rezolve AI in October 2025 for approximately $10 million in cash and 1 million shares and now operates as a wholly-owned subsidiary, headquartered in Zug, Switzerland with 11–50 employees.
In June 2026, the company announced a strategic pivot toward enterprise and institutional clients, installing a new CEO (Wanja S. Oberhof), a Head of Transformation (former EY partner Robert Jung), and a re-constituted board with capital-markets and institutional-investing expertise. The repositioning targets clients managing $11–20 billion in assets with active institutional engagements in the commercial pipeline.
Subsquid firmographics
Firmographics- Name
- Subsquid
- Legal name
- Subsquid Labs GmbH
- Website
- https://sqd.ai
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Subsquid (SQD) operates a decentralized blockchain data layer delivering validated, real-time and historical onchain data across 225+ networks. As a Rezolve AI subsidiary, it serves DeFi protocols managing over $20B TVL with cryptographic block validation and AI agent integration.
- Ownership category
- akta.pro rank
Subsquid industry classification
Industry- Product category
- Blockchain Data Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Indexing Nodes & Subgraph Operators (FSADAKAI)
- akta.pro secondary industries
- Oracles, Data Feeds & Attestations (price feeds, randomness, proofs) (FSAPAAAI), Cross-Chain Developer Tooling (messaging SDKs, relayers, interoperability APIs) (FSAPABAF), Decentralized Storage Networks (IPFS/Filecoin/Arweave, archival & retrieval) (FSAPALAA)
Keywords
Where Subsquid is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Subsquid business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- API Access and Data Services: Freemium model with free public API endpoint for development and prototyping. Dedicated Portal instances with SLA guarantees, higher limits, and custom network composition available for production workloads. Zero egress fees and public endpoint free tiers.
- Enterprise Solutions (SQD 360): Custom enterprise data solutions with dedicated engineering for bespoke pipelines, compliance solutions, and specialized data requirements. Quote-based pricing for enterprise-grade deployments.
- Managed Cloud Services: SQD Cloud provides managed deployment platform with monitoring, scaling, and zero DevOps required. Push code deployment model for indexers and data pipelines.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free public API for development and prototyping |
| Subscription | Annual | Dedicated Portal for production workloads |
| Subscription | Annual | SQD 360 custom enterprise solutions |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Subsquid product offering
Product offeringCore offering
Subsquid provides a decentralized blockchain data infrastructure layer offering cryptographically validated, real-time and historical onchain data across 225+ networks through a unified streaming HTTP API. The platform combines a 2,000+ worker node decentralized data lake with TypeScript SDK frameworks for indexing, transformation, and pipeline management, serving DeFi protocols, AI agents, and institutional clients managing over $20B in TVL.
Product overview
SQD (Subsquid) is a blockchain onchain data layer provided as an integrated platform of four core products: Portal API (HTTP streaming API for validated blockchain data), SQD Network (decentralized data lake with 2,000+ worker nodes), SDK (comprising Squid SDK and Pipes SDK - two TypeScript frameworks for indexing), and SQD Cloud (managed deployment). The platform also includes SQD 360 for custom enterprise solutions. All products share the same infrastructure backbone - the decentralized SQD Network - and deliver validated, real-time and historical blockchain data across 225+ networks. The platform recently expanded from Web3 roots into institutional markets, with new leadership and board formation to support enterprise-grade deployments.
Differentiator
Problem solved
Functional benefit
Products and services
- Portal API HTTP API providing validated, real-time and historical blockchain data across 225+ networks with streaming capabilities and sub-50ms P90 latency. Features six cryptographic validation checks per block and supports both public free endpoints and dedicated enterprise portals with SLA guarantees.
- SQD Network Decentralized data lake powering the Portal API with over 2,000 worker nodes, 30x replication, and more than 2 PB of data archived. Supports self-hosting options and permissionless participation with no centralized gatekeeping.
- Squid SDK Battle-tested TypeScript framework for blockchain data transformation, decoding, and persistence to any database. Enables custom indexing solutions with full control over data processing logic.
- Pipes SDK Lightweight TypeScript framework for data ingestion and streaming, positioned as a newer alternative to the Squid SDK. Designed for simpler use cases with easier setup and minimal configuration requirements.
- SQD Cloud Managed deployment platform with built-in monitoring, automatic scaling, and zero DevOps requirements. Developers push code and Cloud handles infrastructure provisioning, scaling, and management.
- SQD 360 Custom enterprise data solutions offering dedicated engineering support for organizations requiring bespoke pipelines, specialized network configurations, or white-glove onboarding.
- Supported Chains Network coverage listing 225+ indexed blockchain networks including Ethereum, Solana, Arbitrum, Base, Optimism, Polygon, BSC, Bitcoin, and HyperLiquid, accessible through unified API across all chains.
Quantifiable outcome
- 100% data correctness vs 5-15% failure rates for premium RPC providers
- +3 more outcomes
Companies that use Subsquid
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
Subsquid technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability5 records
Feature5 records
Subsquid partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights6 records
Subsquid competitors and assessment
Company assessmentDirect peers
- The Graph: The Graph is the dominant blockchain indexing protocol with thousands of subgraphs and an established GRT token economy. SQD explicitly positions against The Graph with comparison pages, and both serve developers needing indexed blockchain data across multiple chains via hosted services.
- Covalent: Covalent provides unified blockchain data APIs across hundreds of chains with historical and real-time data, directly overlapping SQD's Portal API positioning. Both target developers and enterprises needing cross-chain indexed data without managing their own infrastructure.
- QuickNode: QuickNode is a blockchain node and data infrastructure provider offering RPC endpoints and marketplace add-ons. SQD's Portal API directly competes with QuickNode's data products, and QuickNode's premium RPC tier is part of SQD's competitive benchmark comparisons.
- Goldsky: Goldsky provides real-time blockchain data indexing and APIs, including subgraph hosting alternatives to The Graph. It directly competes with SQD in serving Web3 developers with managed indexing solutions across multiple chains.
- Chainstack: Chainstack provides managed blockchain node infrastructure and dedicated RPC services across many networks. It overlaps with SQD's Portal API offering for developers seeking hosted, reliable blockchain data access without operating their own nodes.
- Moralis: Moralis offers Web3 APIs for token, NFT, and transaction data across multiple chains. It directly competes with SQD's Portal API for developers building DeFi and wallet applications needing cross-chain blockchain data via REST APIs.
Broad incumbents
- Alchemy: Alchemy is a leading Web3 developer platform offering RPC endpoints, indexed data APIs, and node infrastructure across many chains. SQD's Portal API is benchmarked directly against premium RPC providers including Alchemy's offerings, making it the most natural broad-incumbent comparator.
- Infura: Infura (Consensys) is a long-established Web3 infrastructure provider for Ethereum and other chains, offering RPC and IPFS services. SQD benchmarks its accuracy against Infura-class providers and targets overlapping developer and institutional customers seeking reliable node access.
- Dune Analytics: Dune is a leading blockchain analytics platform with a community-driven query ecosystem. While Dune focuses on analytics and dashboards, it competes for the same audience of DeFi teams that use SQD for indexed data feeding their own analytics products.
Emerging players
- Nansen: Nansen provides onchain analytics and wallet intelligence, increasingly competing in the institutional crypto intelligence space SQD targets with its institutional repositioning. Both compete for institutional clients needing high-quality, labeled blockchain data.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Subsquid social profiles
Digital presenceSubsquid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Subsquid leadership team
Management profileNumber of profiles
Profiles4 records
Subsquid funding detail
Funding detailFunding overview
Funding rounds2 records
Investors29 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Subsquid M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Subsquid
What does Subsquid do?
Subsquid provides a decentralized blockchain data infrastructure layer offering cryptographically validated, real-time and historical onchain data across 225+ networks through a unified streaming HTTP API. The platform combines a 2,000+ worker node decentralized data lake with TypeScript SDK frameworks for indexing, transformation, and pipeline management, serving DeFi protocols, AI agents, and institutional clients managing over $20B in TVL.
Is Subsquid a public or private company?
Subsquid is a private company. It is classified as corporate owned and is currently operating.
When was Subsquid founded?
Subsquid was founded in 2021. It employs 11 to 50 people.
Where is Subsquid based?
Subsquid is headquartered in Zug, Switzerland, in the Europe region.
How does Subsquid make money?
Three revenue lines are on record. API Access and Data Services are the primary driver. The others are enterprise Solutions (SQD 360) and managed Cloud Services.
Who are Subsquid's main competitors?
Direct peers on record are The Graph, Covalent, QuickNode, Goldsky, Chainstack and Moralis. Broad incumbents are Alchemy, Infura and Dune Analytics. Nansen is listed as an emerging player.
Does Subsquid have an API?
Yes. HTTP API for raw blockchain data with arbitrary ranges, streaming, and finality handling. Supports 225+ networks with real-time streaming, dedicated or shared endpoints. Features include genesis-to-head streaming, six cryptographic validation checks per block, and P90 response time of 48.5ms. Public endpoint is free for development with zero egress fees. Enterprise tier offers dedicated portals with SLA guarantees. Developer documentation is at docs.sqd.dev.
What industry is Subsquid in?
Subsquid's product category is Blockchain Data Infrastructure. Its primary akta.pro industry code is FSADAKAI, Indexing Nodes & Subgraph Operators, with a secondary code of FSAPAAAI, Oracles, Data Feeds & Attestations (price feeds, randomness, proofs). Its NAICS code is 5182 and its SIC code is 7370.