Six months have passed since SQD Network’s mainnet launch, and it’s time to take stock of where we are and where we’re headed.
Network Growth
Since mainnet launch, over 1,450 worker nodes have joined the network, with thousands of participants delegating SQD tokens. The network enables anyone to run worker nodes and earn rewards for providing compute resources.
Portal Release
A major update called “Portal” was released to beta, succeeding the initial “Gateways.” This marks the beginning of migrating production clients from the centralized SQD Archives to the fully decentralized network.
Near-Term Roadmap
Here’s what’s coming in the next couple of months:
1. Production Client Migration
Data consumers will be able to lock $SQD tokens in order to access data in a fully P2P manner, with improved performance. The migration will proceed gradually with input from approximately 190 dependent projects.
2. Consumer Product Launch
A surprise product launching in December will enable anyone — regardless of technical expertise — to search onchain information using SQD Network.
3. Tokenomics 2.0
Future updates will introduce scarcity mechanisms and gradually reduce reward rates (currently 22% APY for workers, 8.45% for delegators) while stabilizing volatility.
4. Market Expansion
Beyond Arbitrum’s current role as the “home base,” the team plans ecosystem expansion elsewhere in the Ethereum ecosystem ($522 billion in value).
5. Real-Time Data Streams
January’s Portal phase two will introduce decentralized real-time data streams, potentially replacing as much as 90% of RPC usage. Solana ($344B ecosystem value) is identified as a prime target for this expansion.
Community Engagement
We invite community feedback via our official Telegram chat. The decentralized nature of the project means that your input directly shapes what we build next.