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.

Rewards Resulting from Real Growth Emission-based rewards are easy, but they aren’t sustainable. The network pays people $SQT just because time passes, not because it’s being used. Tokenomics 2.0 completely redefines how SubQuery rewards its participants. Instead of minting new tokens, all network rewards will gradually shift to come from real protocol revenue. Query fees, premium indexing, enterprise services, all the stuff that generates actual value. We’re building a model where rewards scale with genuine usage, not arbitrary inflation targets. If the network slows down, rewards naturally cool off too. No arbitrary inflation curve, no “set and forget” issuance. Just a system that adjusts with real-world usage. It’s not “free” inflation anymore. It’s earned growth.

Shifting Ownership to the Community True decentralization isn’t just about governance. It’s about ownership. Initially with Tokenomics 2.0, SubQuery will gradually distribute the existing Foundation treasury tokens as network rewards and over time shift to a full revenue-backed model.. this reduces Foundation ownership and increases the community’s share of the total $SQT supply. That means more tokens in the hands of the people who actually power the network: Node Operators, Delegators, and Consumers. Every reward cycle makes the network more decentralized in a measurable way. That’s what we want.. less control at the top, more distribution in the network.

@SubQueryNetwork Strong pivot for future growth

@SubQueryNetwork Real usage finally drives rewards.

@SubQueryNetwork SubQuery moving with intention 🚀

@SubQueryNetwork Long-term thinking wins every time

@SubQueryNetwork Solid fundamentals taking shape here

@SubQueryNetwork This update sets a new tone

@SubQueryNetwork I'm glad this happening now! we see a real value unlock

@SubQueryNetwork Strong move for long-term health 📈