Pocket Network, an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes to other applications in Web3 across 37 blockchains, including Ethereum, Polygon, Solana, Fuse and Harmony, reports record-breaking growth in protocol revenue, relays, nodes, and node revenue.
In the last 90 days (November, December, January), developers have routed ~16+ billion relays (or API calls) through Pocket Network which generated over $215+ million in total protocol revenue as shown by on-chain metrics on Token Terminal of which $191+ million was paid out to node runners. This 90-day feat demonstrates Pocket Network’s significant growth trajectory at present compared to just $14.8 million in total protocol network revenue in the previous 90 days (August, September, October) of last year and comes off the back of their latest strategic funding round.
This jump in network revenue has attracted newly staked nodes to the Pocket Network which now has over 24,000 full nodes (at a cost of 15,000 POKT per node) worth $500M+ with on-going plans to add new layer 1’s and Web3 applications projecting the network to reach billions of relays per day by mid-2022.
This blazing trail of growth can be attributed to the momentum in strength of blockchain ecosystems, native-token accessibility, combined with the network effects generated through the increase in usage and node revenue and further proof that Pocket Network has found protocol-market fit.
“We have been consistently doubling our growth monthly over the last 6 months,” says Michael O’Rourke, CEO at Pocket Network. “We remain focused on what is important and that is the traction of the protocol which we have been working on since 2017. It is remarkable to see people around the world providing infrastructure where usage fuels real revenue for node runners.”
About Pocket Network
Pocket Network, a blockchain data ecosystem for Web3 applications is a platform built for applications that uses cost-efficient economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. With Pocket