Gate News Bot news, July 29, according to CoinMarketCap data, as of the time of writing, SQD (Subsquid) is currently priced at $0.20, a rise of 36.79% in the last 24 hours, reaching a high of $0.21 and a low of $0.13. The current market capitalization is approximately $140 million, an increase of $37.78 million compared to yesterday. SQD is an open database network that provides data support for AI agents. The platform incentivizes node operators and delegators through the $SQD token, adopting a deflationary mechanism to partially reduce token supply, aiming to capture protocol revenue and network adoption growth. The SQD network supports data indexing across multiple blockchains, including Ethereum, Solana, Polkadot, and more.

Heidelberg Investment Holding Company announced that it will start increasing its holdings of SQD Token and will be renamed SQD.AI Strategies AG, planning to raise up to 50 million euros in the fiscal year 2025 for related acquisitions and staking. Subsquid Network is its underlying decentralized data lake and query engine.

According to the Gate News bot message, the announcement from the Gate platform on June 12, 2025: Gate has launched the SQD/USDT perpetual contract for live trading on the platform, using USDT for settlement. This contract supports leverage of 1-20 times for long and short positions. The newly launched SQD perpetual contract funding fee settlement period is every 4 hours, and users can choose the leverage multiplier according to their trading needs.

SoSoValue data shows that in the past 30 days, among the top 500 Crypto Assets by market capitalization, 3 Tokens have increased by more than 100%, with Saros having the highest rise of 483.86%. Other Tokens with significant rises include Subsquid and CZ' Broccoli.