Subsquid, a pioneering blockchain indexing service, is poised to launch its highly anticipated native token, SQD, on Friday. This milestone marks a significant step forward in the company's mission to make on-chain data more accessible and useful for blockchain developers. With listings confirmed on multiple crypto exchanges, the SQD token is set to revolutionize the way we interact with blockchain data.

Subsquid's innovative approach to indexing on-chain activity has already made waves in the blockchain community, with a successful fundraising effort that has secured over $17 million in funding from venture capital firms and community investors. This investment has enabled the company to expand its reach, with a presence now in the Polkadot, Ethereum, and Solana ecosystems.

The SQD token is designed to incentivize node operators to participate in Subsquid's network, providing the collective computing power necessary to parse vast amounts of on-chain data. This data is crucial for blockchain developers, who use it to build and optimize their smart contracts, NFT exchanges, and Perps DEXes. Subsquid's clients include academic researchers, analysts, and developers, all of whom rely on the company's indexing service to gain valuable insights into blockchain activity.

According to Marcel Fohrmann, Subsquid's co-founder, the SQD token launch is "99% confirmed" for Friday, although the exact timing may be subject to change due to another token launch scheduled for Thursday on a major exchange. Despite this, the team is excited to finally bring the SQD token to market, after several years of development and refinement.

The launch of the SQD token represents a major milestone for Subsquid and the blockchain community as a whole. As the company continues to innovate and expand its indexing service, we can expect to see new and exciting use cases emerge, driving further adoption and growth in the blockchain ecosystem.