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Draft:SubQuery

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SubQuery is a web3 infrastructure project. It servers as a data indexing protocol that acts as an open-source API between blockchain data and dApps and tools. The SubQuery indexer allows developers to aggregate and query datasets from blockchains to use in their decentralized

SubQuery
Company typeweb3 infrastructure project
Founded2021, February
FounderSam Zou
HeadquartersSingapore, Singapore
Websitehttps://subquery.network/

applications. There are three products in SubQuery's indexer: the open-sourced SDK, the Managed Service, and the decentralized SubQuery Network.[1][2][3][4]

History

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SubQuery was launched by Sam Zou in February 2021 in the Polkadot and Kusama ecosystem.[5] In March 2021, SubQuery raised $1.8 million as a seed round, led by investors DeFi Alliance, D1 Ventures, Hypersphere Ventures, Digital Finance Group (DFG), and The Lao[6] In September 2021, SubQuery raised an additional $9 million in a second funding round, led by Led By Arrington Capital, Digital Currency Group and Stratos Technologies[3]. A final strategic capital raise was completed in 2022 to add new investors and exchanges on the cap table.

In January 2024, SubQuery raised $5 million in a public sale of its native SQT token[7][8]. In February 2024, the SubQuery Network mainnet was launched on the Base chain[9]

In March 2024, SubQuery expanded the SubQuery Network to not only provide decentralized indexers, but also decentralized RPCs, to more broadly address centralization issues with web3 infrastructure[10][11][12][13].

Grants

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SubQuery received a Web3 Foundation Grant of 1.75 Bitcoin to build an open-sourced indexer SDK that would extract, transform, persist, and query data across all substrate-compatible networks[14][15]. Because of this grant, SubQuery started in the Polkadot (cryptocurrency) ecosystem.[16]

At the Web3 Summit in Berlin, SubQuery presented the next generation of its decentralized network, focusing on decentralized Artificial Intelligence (AI) inference hosting. During a live demonstration, SubQuery's COO, James Bayly, showcased the latest open-source LLama model operating across a network of decentralized Node Operators on SubQuery's internal test network.[17][18]

Chain Support

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After receiving the Web3 Foundation Grant in February 2021, SubQuery first integrated with the Polkadot and Kusama relay chains and then all parachains and other substrate-compatible chains.[19]

In May 2022, SubQuery added support beyond the Polkadot (cryptocurrency) ecosystem and has since continued to integrate over 200 supported chains[20][10].

Year Month Integration
2022 May Integration with Avalanche (blockchain platform)[21]
2022 June Integration with Cosmos, beginning with Juno[22]
2022 August Integration with Algorand[23]
2023 February Integration with NEAR[24]
2023 April Integration with Ethereum[25]
2023 October Integration with Stellar[26]
2023 November Integration with Concordium[27]
2024 January Rapid addition of EVM, Cosmos, Substrate and Bitcoin EVM network support

References

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  1. ^ Advertorial (2024-04-23). "Subquery Network Is Building a More Accessible and Robust Digital Future Powered by Decentralized Middleware". BeInCrypto. Retrieved 2024-12-12.
  2. ^ "SubQuery - Decentralized AI Inference Hosting - Brave New Coin". bravenewcoin.com. 2024-08-28. Retrieved 2024-12-12.
  3. ^ a b Daylight Time, Eastern. "SubQuery Announces US$9 Million Funding Round For Decentralized Data Protocol For The Polkadot Ecosystem". businesswire. Retrieved 2021-08-09.
  4. ^ "El Salvador to extend crypto agreements beyond Argentina". Cointelegraph. 2024-12-12. Retrieved 2024-12-12.
  5. ^ Adejumo, Oluwapelumi (2024-06-11). "SubQuery launches first decentralized RPCs for Polkadot and Kusama". CryptoSlate. Retrieved 2024-12-12.
  6. ^ "SubQuery Raises $1.8M Seed Round for Future Expansion". SubQuery. 2021-03-12. Retrieved 2024-06-17.
  7. ^ "SubQuery Network (SQT): Creating a Network for All Web3 Needs". bybit. Retrieved 2024-02-29.
  8. ^ "Power of the People: A Closer Look at the $SQT Public Sale Results". SubQuery. 2024-02-02. Retrieved 2024-08-05.
  9. ^ "SubQuery Selects Base for Upcoming Launch of the SubQuery Network". CoinTelegraph. 2024-01-25. Retrieved 2024-08-05.
  10. ^ a b Chainwire (2024-06-11). "SubQuery Network Launches First Decentralized RPCs for Polkadot and Kusama". The Daily Hodl. Retrieved 2024-12-12.
  11. ^ "House Of Chimera Research: SubQuery". House of Chimera. 2024-05-27. Retrieved 2024-08-05.
  12. ^ Rhodes, Brett (2024-06-19). "Neo partners with SubQuery to provide advanced indexing and RPC solutions on Neo X TestNet". Neo News Today. Retrieved 2024-12-12.
  13. ^ "Evolving Web3: SubQuery Network's breakthrough: crafting the future of Web3". Cointelegraph. 2023-12-06. Retrieved 2024-12-12.
  14. ^ "Web3 Foundation Grants — Wave 8 Recipients". Medium. 2021-02-09. Retrieved 2024-08-05.
  15. ^ "Introducing SubQuery SDK V2.0 — Our Biggest Release Yet with Enhanced Performance and New Features | CoinMarketCap". CoinMarketCap Academy. Retrieved 2024-12-12.
  16. ^ "SubQuery Network Introduces Its Biggest Release SDK V2.0 to Accelerate Its Growth and Performance". blockchainreporter.net. 2023-05-02. Retrieved 2024-12-12.
  17. ^ "Revolutionising AI deployment with the decentralised SubQuery Network". Cointelegraph. 2024-08-21. Retrieved 2024-12-12.
  18. ^ Chainwire, Decrypt / (2024-08-21). "SubQuery Network is Pioneering Decentralized AI Deployments". Decrypt. Retrieved 2024-12-12.
  19. ^ Chainwire (2024-06-11). "SubQuery Network Launches First Decentralized RPCs for Polkadot and Kusama". The Daily Hodl. Retrieved 2024-12-12.
  20. ^ "SubQuery's Blockchain Indexer Now Supporting 200 Supported Networks". SubQuery. 2024-06-12. Retrieved 2024-08-05.
  21. ^ "SubQuery Expands its Data Indexing Solution to Support Avalanche". Yahoo Finance. 2022-03-23. Retrieved 2024-08-05.
  22. ^ "SubQuery Indexer". Juno Documentation. Retrieved 2024-08-05.
  23. ^ "Awesome Algorand". Awesome Algorand. Retrieved 2024-08-05.
  24. ^ "Indexing Solutions on NEAR". NEAR Documentation. 5 June 2024. Retrieved 2024-06-18.
  25. ^ "SubQuery launches Web3 data indexing on Ethereum to challenge The Graph". FinBold. 2023-04-05. Retrieved 2024-08-05.
  26. ^ "Developer Tools". Stellar Documentation. August 2024. Retrieved 2024-08-05.
  27. ^ "Subquery Launches on Concordium: A Major Boost for Crypto Data Handling". Concordium. 2023-12-08. Retrieved 2024-08-05.

Category:Blockchains Category:Cryptocurrencies Category:Data and information organizations Category:Web3 Category:Decentralization