On-chain indexing service Subsquid plans to release native token SQD this Friday.

Subsquid, an on-chain indexing service, has announced plans to launch its native SQD token on Friday and list it on multiple exchanges. The token is designed to support Subsquid's network of independent node operators, whose collective computing power can parse large amounts of on-chain data. However, Marcel Fohrmann, co-founder of the project, said the release of the SQD token was "99% confirmed" on Friday, but could be delayed until next week.