SQD in Numbers

SQD in Numbers

What do crypto people love more than words and the Roman Empire? Exactly Numbers. So, whether you’re new to SQD or have followed for a while, here’s a breakdown of SQD in numbers.

4

That’s the number of years SQD has existed and persisted throughout bull and bear markets. The first line of code was written during a Hackathon, and here we are years later, going stronger than ever. In an industry where many startups barely survive one cycle, that’s not a bad start. Yet, there are more insightful numbers.

2.4 Petabytes

Or 2400 TB is the amount of data currently stored in our data lake. For reference, Wikipedia stores 410 terabytes, so our infrastructure could keep nearly four entire copies of it without running into trouble. It demonstrates that our thesis is playing out as expected: horizontal scaling is most effective when it comes to storing and serving large amounts of data.This matters as blockchain state is only expected to grow. After all, what’s the point of an immutable ledger if you started deleting things?

2800 + Worker Nodes

Worker Nodes fill a crucial role in SQD: they store and then respond to consumers with the data they request. The reason why more worker nodes are better is quite simple. The more worker nodes are in the network, the more data can be stored, and be streamed to data consumers synchronously.

Or as this fashion icon knows.

Over the last 6 months, the number of worker nodes has nearly doubled, and continues on an upward trajectory. Meaning we can even serve storage-intensive blockchains such as Solana or Tron.

Furthermore, the more worker nodes are in the network, the more decentralized and hence resilient it becomes.

But it’s not just the supply (in storage and streaming) that’s been going up. There’s no point in having lots of workers if no one needs their work.

339,141,496 queries in the last 90 days

Whenever an app needs onchain data, they’ll send a query for it to SQD. A query can be anything from a request to get the transaction history for a single wallet address to retrieving someone’s NFT metadata or a real-time view into token launches on a DEX.

Nearly any onchain interaction you will ever have involves some retrieval of data.

A high volume of queries means SQD has been working silently in the background of major dApps, such as PancakeSwap, to ensure that you, as a user, never have to wonder why your transaction history or balance isn’t showing up.

And if you want to know exactly how much data workers have streamed, it’s 570.5 terabytes over the last 90 days.

Moving on, what about token?

$120 million in TVL

Over the last 90 days, SQD’s TVL has grown significantly, thanks to increased availability resulting from listings on major exchanges such as Coinbase. Not just that, the SQD token has also gone multichain and is now trading natively on Base’s largest DEX: Aerodrome.

313,500,000 SQD Bonded

Usually, the math for a token is pretty simple: if demand is bigger than supply, then the price should go up. That’s as much as basic economics will teach you.

Having a meaningful amount of token supply locked in the network then reduces the supply available on the market. You can see where this is going.

Roughly 35% of all SQD is either bonded or delegated, removed from the free market, and put to productive use, as collateral to run worker nodes or as delegations that curate the network.

1 Public Crypto Vehicle

It’s not a car. It’s a publicly traded company that’s dedicated to investing long-term in SQD and taking an active role in the network. Similar to MicroStrategy, but without the cringe.

SQD is one of the first altcoins with a dedicated public company that is purchasing SQD from the open market and taking on an active role inside the ecosystem.

What other numbers would you like to see from us? Let us know in the comments!

This article was originally published on our X profile.