Ending Inflation, For Good

SubQuery is entering a new era of sustainability.

We started with an inflationary model to bootstrap the network, but that phase is over. It made sense when we needed to get Node Operators online, but not so much now when we’re running a real economy.

Under Tokenomics 2.0, we’re ending inflation - permanently. No more new SQT minted each year (previously 1.3% inflation). The total supply will be fixed at 10.20 billion tokens, meaning every token in circulation now truly matters.

Inflation created noise. It hid the real value of the SQT token and disconnected rewards from actual network activity. This change removes the silent dilution that has existed since launch and ties the SubQuery network’s growth directly to real adoption and value creation.

Instead of minting tokens, we’ll grow through usage, demand, and utility - just like any sustainable economy should.

This is how SubQuery builds lasting value for SQT holders.