SQD (Subsquid) fell 20.76% in the last 24 hours.

Gate News Bot news, July 30, according to CoinMarketCap data, as of the time of writing, SQD (Subsquid) is currently priced at $0.17, falling by 20.76% in the last 24 hours, with a high of $0.19 and a low of $0.13. The current market capitalization is approximately $120 million, a decrease of about $31.46 million compared to yesterday.

Subsquid is the first emerging open database network designed for AI agents. It aims to meet the demands of billions of autonomous AI agents for real-time, high-throughput data infrastructure. The SQD token allows anyone, AI agents, or enterprises to access vast amounts of data without permission. The token uses a deflationary model, with a portion of protocol revenue used to reduce supply over time. The design of SQD is intended to capture protocol revenue and network adoption, ensuring that token holders benefit from the growth of the platform and increased usage. It also provides a sustainable rewards system for node operators and delegators.

Recent important news about SQD:

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

2️⃣ HEMI Network collaborates with SQD AI to advance Bitcoin DeFi capabilities HEMI Network has established a strategic partnership with SQD AI, aiming to enhance the DeFi functionality of Bitcoin. This collaboration will expand the application scenarios of SQD within the Bitcoin ecosystem, and is expected 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 cooperation with SQD to jointly promote the development of AI agents in the Web3 field. This move will further strengthen SQD's position in the intersection of AI and blockchain, which will help attract more developers and users to join the SQD ecosystem.

From a technical perspective, the SQD price has retraced after breaking through the $0.20 mark, and the current price has fallen from the previous high. This may be a normal market adjustment due to short-term profit taking, but investors should still closely monitor the subsequent price trend.

This message is not an investment advice; investors should be aware of market volatility risks.