According to Crypto Rover, SQD is demonstrating substantial real-world adoption, as confirmed by on-chain data. Nearly 3,000 live nodes each require 100,000 SQD (approximately $25,000 at current prices), indicating significant network participation. Additionally, 30% of the total supply is locked, over 6,500 delegators have staked $25 million, and the network boasts over 3 petabytes of data capacity with 3.4 terabytes served in just 24 hours. These robust fundamental metrics highlight growing user engagement and strong liquidity, positioning SQD as a compelling asset for traders seeking high-utility tokens in the current crypto market environment (Source: Crypto Rover, Twitter, June 1, 2025).

According to Cas Abbé, the platform has surpassed $2 billion in cumulative total value locked (TVL), with more than $800 million in active TVL and over 330,000 stakers, highlighting strong user engagement and liquidity inflows. The platform also processed 476 million transactions and distributed over $3.6 billion in liquidity, confirming real yield and genuine capital flows, with no wash TVL reported (source: Cas Abbé on Twitter, May 3, 2025). These verified metrics indicate a robust on-chain trading environment and sustained user participation, supporting transparent yield generation for traders and liquidity providers.