Indexing Nibiru Data with SubQuery: A Case Study on Gamma

Tue Mar 10 2026

Introduction

For Web3 applications, fast and reliable blockchain data access is not optional, it’s foundational. Whether powering user-facing dashboards, analytics, or DeFi automation, teams need indexing infrastructure that works seamlessly behind the scenes.

Gamma.xyz, a leading platform for decentralized finance and onchain asset experiences, required a dependable way to index and query data on the Nibiru blockchain as the ecosystem grew.

To meet this need, Gamma turned to SubQuery, deploying their indexing workloads on the decentralized SubQuery Network in August 2025. Since then, Gamma has been able to access production-grade indexed data with minimal overhead — while also benefiting from SubQuery’s Consumer Rewards program, making their indexing costs close to zero.

Key Metrics at a Glance

Chain Indexed: Nibiru
Active SubQuery Indexers: 2
Deployment to SubQuery Network: August 2025
Cost Efficiency: 10x spend returned through Consumer Rewards
Outcome: Indexing costs reduced to virtually zero

The Challenge

Building on emerging blockchain ecosystems often comes with a familiar hurdle: infrastructure gaps.

When Gamma began developing their indexing stack for Nibiru, the options were extremely limited.

At the time, SubQuery was the only indexing solution available that could support Gamma’s requirements on the Nibiru chain.

While other providers have since become compatible, Gamma found that alternatives came with pricing structures that were difficult to justify.

As the Gamma team explained:

“We just need it to do a job - index our data. Like all infrastructure products, it needs to work and fulfill its function.”

For Gamma, the priority wasn’t flashy features, it was reliability, availability, and a solution that could support them from day one.

Indexing Before SubQuery

Before adopting SubQuery, Gamma faced two core constraints:

Limited Ecosystem Support

Nibiru was still early in its infrastructure lifecycle, and indexing options were scarce. Gamma needed a solution that could work immediately, without waiting for the ecosystem to mature.

High Cost of Emerging Alternatives

Although other indexing providers have since added compatibility, Gamma found annual pricing to be prohibitively expensive compared to their needs.

SubQuery provided an accessible, scalable indexing layer without the overhead of costly long-term contracts.

The Role of SubQuery in Gamma

SubQuery plays a critical role in Gamma’s ability to serve performant, queryable blockchain data for their Nibiru LP Vaults and Perp Vaults.

By using SubQuery, Gamma can:

Index onchain activity efficiently
Power application-level data queries
Avoid running complex custom indexing infrastructure in-house
Rely on decentralized indexing through the SubQuery Network

Below is an example query from the Gamma SubQuery project:

A graphic showing the flow from SubQuery data indexer query, to playground query to onchain data presentation in dApp UI.

Querying Gamma’s Indexed Data in Plain English

Beyond powering Gamma’s internal data infrastructure, the Gamma SubQuery project can also be connected to AskSubQuery, allowing users to query the indexed Nibiru data using plain English. Instead of writing complex GraphQL queries, users can simply ask natural language questions such as:

“What fees have been collected by each pool in the last 24 hours?”

AskSubQuery translates the request into structured queries against Gamma’s indexed dataset and returns formatted, actionable results in seconds - including pool IDs, fee totals, and time-based metrics.

As shown in the example below, users can retrieve real-time fee data across liquidity pools without needing to understand the underlying schema or blockchain structure.

A blockchain data query has been asked on AskSubQuery in plain english to return accurate onchain data information.

This lowers the barrier to accessing onchain data, making Gamma’s indexed Nibiru datasets usable not just by developers, but by analysts, researchers, and even AI agents.

Benefits of Using SubQuery for Gamma

By using SubQuery as their indexing solution on Nibiru, Gamma has been able to access reliable, production-ready blockchain data infrastructure without the overhead of running complex systems in-house. Key benefits include:

Dependable indexing that simply works: Allowing the team to stay focused on building rather than maintaining infrastructure
Cost efficiency through SubQuery’s Consumer Rewards Program: With Gamma earning roughly 10x their spend and making indexing costs virtually zero
Decentralized deployment on the SubQuery Network: Providing a more resilient long-term foundation supported by independent Node Operators rather than a single centralized provider

The Road Ahead

Looking forward, Gamma remains committed to pushing the boundaries of onchain liquidity management and DeFi innovation on ecosystems like Nibiru. A major milestone on the horizon is the upcoming release of our V2 vaults, which introduce permissionless vault deployment and advanced liquidity management features. This upgrade will empower anyone to create and customize vaults without restrictions.

By continuing to leverage SubQuery’s reliable, decentralized indexing infrastructure, Gamma will ensure seamless data availability to support these new capabilities. With SubQuery’s ongoing support and the cost efficiencies from the Consumer Rewards program, the team can focus on delivering cutting-edge tools that drive greater adoption and performance in onchain finance.

Conclusion

Gamma’s experience highlights a key truth in Web3 infrastructure: the best tools are often the ones that quietly power everything behind the scenes.

With SubQuery, Gamma gained:

The first viable indexing solution on Nibiru
A dependable production-ready data layer
Decentralized deployment through the SubQuery Network
Rewards that make indexing costs nearly zero

By partnering with SubQuery, Gamma has ensured fast, scalable blockchain data access — enabling them to focus on what matters most: building the future of onchain finance.

Start building your SubQuery indexer

About Gamma

A protocol for active liquidity management and market-making strategies.

Gamma offers non-custodial, automated, and active concentrated liquidity management services.

About SubQuery

SubQuery is building the foundational data layer of Web3 — open, scalable, and designed for the AI-driven future.

SubQuery Network provides decentralised data indexers and dRPCs that power thousands of dApps across nearly 300 networks. With AI-assisted tools in the SubQuery SDK and Model Context Protocol (MCP) integration, developers can easily build, deploy, and scale blockchain data infrastructure.

Hermes (Subnet 82) is a Bittensor subnet that connects AI agents directly to blockchain data through GraphQL. By rewarding developers to create and improve these agents, Hermes enables intelligent on-chain applications.

AskSubQuery.xyz provides graphql query MCP as a service. It is also the first product to connect to Hermes Subnet as an Authorized Caller.

With SubQuery, you can unlock intelligence in blockchain data.