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Comparisons

Subsquid vs The Graph: Indexing Stack Flexibility

A technical comparison for CTOs and architects evaluating flexible, open-source indexing (Subsquid) versus a standardized, decentralized protocol (The Graph). Focuses on architecture, developer control, cost, and long-term maintainability.
Chainscore © 2026
introduction
THE ANALYSIS

Introduction: The Battle for Blockchain Data

A head-to-head comparison of Subsquid and The Graph, focusing on architectural flexibility and its impact on developer experience and performance.

Subsquid excels at developer autonomy and performance by offering a self-hosted, open-source indexing stack. Developers write custom TypeScript mapping logic and can run the entire pipeline—from an RPC to a GraphQL endpoint—on their own infrastructure. This results in lower query latency and predictable costs, crucial for high-frequency dApps like perpetual DEXs on Arbitrum or Avalanche. For example, a Subsquid indexer can process millions of events daily with sub-second query times, bypassing network congestion on decentralized services.

The Graph takes a different approach with its decentralized marketplace model. It abstracts infrastructure management by leveraging a network of Indexers who compete to serve subgraph queries, paid in GRT tokens. This results in a key trade-off: faster time-to-market and hands-off operations, but with variable costs and potential latency during network spikes. Its massive ecosystem, with over 1,000 subgraphs for protocols like Uniswap and Aave, offers unparalleled composability and a proven path for Ethereum and L2 data.

The key trade-off: If your priority is cost control, ultra-low latency, and complex data transformations (e.g., NFT analytics, real-time gaming leaderboards), choose Subsquid and invest in your DevOps. If you prioritize rapid deployment, decentralized resilience, and tapping into an existing data ecosystem for DeFi or social apps, choose The Graph and its hosted service.

tldr-summary
Subsquid vs The Graph

TL;DR: Key Differentiators at a Glance

A data-driven comparison of two leading indexing stacks, highlighting core architectural trade-offs for protocol architects and engineering leaders.

01

Subsquid: Developer Flexibility

Full-stack control: Write custom ETL pipelines in TypeScript, directly query raw chain data, and deploy as a single Docker container. This matters for bespoke analytics or protocols with complex on-chain logic (e.g., Aave, Lido) where you need to shape the data model precisely.

02

Subsquid: Cost & Performance

Self-hosted efficiency: Run your indexer on your own infrastructure, avoiding recurring query fees. With ~10x faster sync times for historical data via the Subsquid Network's decentralized data lakes, this matters for capital-efficient startups or applications requiring deep historical analysis without vendor lock-in.

03

The Graph: Decentralized Network

Managed reliability: Leverage The Graph's ~800+ Indexers and 28+ supported chains for a fully decentralized, fault-tolerant query layer. This matters for production dApps (like Uniswap or Livepeer) that require guaranteed uptime and censorship resistance without managing infrastructure.

04

The Graph: Ecosystem & Composability

Standardized subgraphs: Access a public registry of 40,000+ deployed subgraphs, enabling instant composability with other protocols. This matters for rapid prototyping or applications that aggregate data from multiple sources (e.g., DeFi dashboards, NFT explorers) using a well-known query standard (GraphQL).

HEAD-TO-HEAD COMPARISON

Subsquid vs The Graph: Indexing Stack Flexibility

Direct comparison of key architectural and operational metrics for blockchain indexing.

MetricSubsquidThe Graph

Primary Data Source

Raw chain data

Subgraph events

Query Language

GraphQL + Custom

GraphQL only

Deployment Model

Self-hosted or SaaS

Decentralized Network or Hosted Service

Multi-chain Support

Custom Processor Logic

TypeScript/JavaScript

AssemblyScript (Subgraph)

Data Transformation

Post-ETL in application

During indexing in mapping

Native Aggregation Support

Time to First Indexed Data

< 2 hours

24 hours (decentralized)

pros-cons-a
PROS AND CONS

Subsquid vs The Graph: Indexing Stack Flexibility

A technical breakdown of the core architectural trade-offs between the two leading indexing solutions. Choose based on your team's needs for control, speed, and operational overhead.

01

Subsquid Pro: Full-Stack Control

Self-hosted, customizable pipeline: You control the entire indexing stack—from the processor to the GraphQL API. This enables custom ETL logic, direct database access for complex analytics, and integration with any backend service (e.g., Hasura, Metabase). This matters for protocols requiring bespoke data transformations or real-time analytics dashboards.

02

Subsquid Pro: Speed & Cost for Historical Data

Optimized for batch processing: The Squid SDK's architecture is designed for fast historical syncs, often 10-100x faster than event-by-event processing for initial indexing. Combined with self-hosting, this leads to predictable, infrastructure-only costs versus query-based pricing. This matters for applications needing to index large historical datasets quickly or with high-volume, low-margin queries.

03

The Graph Pro: Decentralized Network & Reliability

Managed, decentralized service: Indexers, Curators, and Delegators operate The Graph Network, providing censorship resistance and uptime SLAs without you managing servers. Subgraphs are deployed to a global network, not a single database. This matters for dApps requiring production-grade reliability, hands-off maintenance, and alignment with web3 decentralization principles.

04

The Graph Pro: Ecosystem & Developer Experience

Standardized subgraph model: With 1,000+ deployed subgraphs and deep integration across major chains (Ethereum, Arbitrum, Polygon), the tooling and community support are vast. The hosted service offers a free tier, and the GraphQL endpoint is instantly consumable. This matters for teams launching quickly, building consumer dApps, or relying on established community subgraphs.

05

Subsquid Con: Operational Overhead

You are the DevOps team: Requires provisioning and maintaining your own infrastructure (Postgres, Redis, API servers), monitoring, and handling scaling. This adds significant operational complexity and fixed costs compared to a pay-as-you-go query model. This is a trade-off for teams without dedicated SRE/DevOps resources.

06

The Graph Con: Query Cost & Customization Limits

Costs scale with usage: On the decentralized network, you pay per query via GRT, which can become expensive for high-throughput applications. The standardized subgraph model can be limiting for complex aggregations or data joins that fall outside its schema. This matters for applications with unpredictable query volumes or needing highly specialized data pipelines.

pros-cons-b
Subsquid vs The Graph

The Graph: Pros and Cons

Key strengths and trade-offs for indexing stack flexibility at a glance.

01

The Graph: Mature Ecosystem

Specific advantage: Over 40,000 subgraphs deployed and $2B+ in secured value. This matters for protocols requiring battle-tested infrastructure and immediate access to a large pool of indexers (e.g., Uniswap, Aave). The established network effects reduce operational risk.

40,000+
Subgraphs
$2B+
Secured Value
02

The Graph: Decentralized Curation

Specific advantage: GRT token-based curation via bonding curves signals high-quality data. This matters for dApps that prioritize censorship resistance and data verifiability over pure speed. The economic model aligns indexer incentives with data demand.

03

The Graph: Subgraph Limitations

Specific disadvantage: Subgraph mappings are written in AssemblyScript/TypeScript, which can be restrictive for complex data transformations. This matters for teams needing low-level control, multi-chain logic, or custom ETL pipelines that Subsquid's flexible processor model provides.

04

The Graph: Protocol Overhead

Specific disadvantage: Requires managing GRT for query fees and navigating the decentralized network's pricing. This matters for engineering teams with tight budgets or who want predictable, fixed-cost infrastructure without token economics complexity.

05

Subsquid: Developer Flexibility

Specific advantage: Write data handlers in TypeScript with full access to any external API or library. This matters for complex indexing logic, integrating off-chain data, or migrating from a centralized database. The stack is self-hosted, offering complete control.

06

Subsquid: Cost & Performance Control

Specific advantage: No protocol fees; costs are your infrastructure spend (e.g., AWS). Batch processing enables high throughput (1000+ TPS indexing). This matters for high-volume applications like NFT marketplaces or gaming protocols where query cost predictability is critical.

1000+
Indexing TPS
CHOOSE YOUR PRIORITY

Decision Framework: When to Choose Which

Subsquid for Developers

Verdict: Choose for full-stack control, custom data pipelines, and multi-chain agility. Strengths:

  • Flexible Stack: Write custom extract-transform-load (ETL) logic in TypeScript, processing raw on-chain data directly from archives like Erigon or Firehose. Ideal for complex data transformations (e.g., calculating impermanent loss for a novel AMM).
  • Multi-Chain Native: A single Squid can index data from multiple chains (EVM, Substrate, Cosmos) into one database, simplifying cross-chain dApp development.
  • Self-Hosted or Decentralized: Deploy on your own infrastructure for maximum control or use the decentralized Subsquid Network for a hosted, incentivized solution. Consider: Requires more initial setup and DevOps knowledge than a purely hosted service.

The Graph for Developers

Verdict: Choose for rapid deployment, a massive existing subgraph ecosystem, and a robust decentralized network. Strengths:

  • Speed to Market: Use the hosted service or the Graph Studio to deploy a subgraph in minutes. The Graph's declarative mapping language (AssemblyScript) is simpler for standard indexing tasks.
  • Subgraph Ecosystem: Leverage thousands of existing, community-audited subgraphs for major protocols (Uniswap, Aave, Lido), reducing development time.
  • Decentralized Network: Query the Graph Network for censorship-resistant, reliable data via GraphQL, paid for with GRT tokens. Consider: Less flexibility for complex, multi-chain, or non-standard data processing compared to a full ETL pipeline.
verdict
THE ANALYSIS

Final Verdict and Strategic Recommendation

Choosing between Subsquid and The Graph hinges on your team's need for raw flexibility versus ecosystem leverage.

Subsquid excels at developer-centric flexibility and performance because it provides a self-hosted, open-source SDK that allows for custom data pipelines and direct database access. For example, a protocol like Acala or HydraDX can use Subsquid to index complex cross-chain events and state changes with sub-second latency, bypassing the latency and cost overhead of a decentralized network. This model is ideal for teams with DevOps resources who require deterministic performance and deep control over their data schema and transformation logic.

The Graph takes a different approach by operating a decentralized network of indexers, curators, and delegators. This results in a robust, permissionless ecosystem where developers query a hosted service via GraphQL, trading direct infrastructure control for operational simplicity and censorship resistance. The network secures over $2.5B in total value locked (TVL) and serves billions of queries monthly for protocols like Uniswap and Compound, demonstrating its battle-tested reliability for public, standardized data.

The key trade-off: If your priority is maximum control, custom ETL logic, and cost predictability for a high-throughput application, choose Subsquid. It is the definitive choice for teams building complex DeFi products or novel L1/L2 chains who need to index bespoke data at scale. If you prioritize rapid deployment, leveraging a decentralized data marketplace, and avoiding infrastructure management, choose The Graph. It remains the industry standard for applications that rely on common blockchain data (ERC-20, NFTs) and value network effects over raw performance tuning.

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