SQD (Subsquid) rose 36.79% in 24 hours.

Gate News Bot news, July 29, according to CoinMarketCap data, as of the time of writing, SQD (Subsquid) is currently priced at $0.20, having risen 36.79% in the last 24 hours, with 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 artificial intelligence agents. The platform incentivizes node operators and delegators through the $SQD token, utilizing a deflationary mechanism to partially reduce the 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.

Important news about SQD recently:

1️⃣ Heidelberger Beteiligungsholding AG acquires SQD tokens and plans to rename The German listed company Heidelberger Beteiligungsholding AG has begun acquiring SQD tokens and is preparing to change its name to SQD AI Strategies AG. This strategic move indicates the recognition of the SQD project by traditional financial institutions, which is expected to attract more attention and capital inflow from institutional investors to SQD.

2️⃣ HEMI Network collaborates with SQD AI to advance Bitcoin DeFi capabilities HEMI Network has established a strategic partnership with SQD AI to enhance the DeFi capabilities of Bitcoin. This collaboration will expand the application scenarios of SQD within the Bitcoin ecosystem, helping to increase its influence and value in the cryptocurrency market.

3️⃣ Fetch.ai collaborates with SQD to promote AI agents in Web3 Fetch.ai has reached a partnership with SQD to jointly promote the development of artificial intelligence agents in the Web3 field. This move will further strengthen SQD's position in the intersection of AI and blockchain, which is beneficial in attracting more developers and users to join the SQD ecosystem.

From a technical perspective, the SQD price has broken through the $0.20 mark, reaching a recent high, indicating strong rise momentum. However, investors should remain cautious of potential retracement risks.

This message is not an investment advice; investors should pay attention to market volatility risks.