Pocket Network grew by more than 300% in November, and now supports Harmony, Solana, Avalanche, etc.
according toWeb3Indexaccording to
, Pocket Network saw a 208% increase in developer fees last month, more than seven times higher than its closest revenue protocol, while overall network revenue rose 322% last month.
Pocket Network is a blockchain data ecosystem for Web3 applications. Generated $1.45 million in demand-side fees and $29.5 million in gross network revenue over the past 30 days.
The Web3Index index exclusively includes and showcases leading blockchain middleware protocols such as Arweave, The Graph, Livepeer, Akash, and Hemium, with Pocket Network currently ranked 7x the demand-side fees generated by Arweave and 40% of The Graph's November revenue 163 times.
Pocket Network's explosive growth in total network revenue in the first few months has contributed to its achievement of this important milestone, as follows:
July: 107%
August: 316%
September: 222%
October: 304%
November: 322%
"When we first approached Web3Index and showed them our on-chain data, they were amazed," said Michael O'Rourke, CEO of Pocket Network. "Node rewards are an important pillar of Pocket Network's success and Varies over time; the fact that node operators receive 89% of network revenue and are incentivized to continue supporting the healthy, secure development of the network automatically diffuses the shortcomings of traditional Web2 hosting services.”
Pocket's revenue from demand-side fees and network usage has grown exponentially over the past year. This is due to Pocke's aggressive expansion strategy into new blockchain ecosystems and markets, as well as network effects through increased usage and node revenue.
In the past 3 months alone, Pocket has added support for a range of blockchains such as Harmony, IoTeX, Solana, Avalanche, Algorand, Fuse, and Polygon, with many more networks in test, purely based on natural demand And happened. Because the Pocket Network is a protocol, not a sale, it can accomplish these feats faster than its SaaS counterparts, and at an order of magnitude lower cost. This is due to Pocket Network's rewards for independent node operators that support each blockchain network, which is where the majority of network revenue goes.
From December 2nd to December 8th, Pocket Network successfully relayed more than 1.11 billion application requests, an increase of 68.5% compared to the previous week, and the number of pledged nodes reached 14,200, an increase of 7.8% compared to the previous week.
Relays skyrocketed last week as a patch update resolved public RPC stickiness, allowing Harmony to continue using Pocket Network as a decentralized RPC provider. Since the beginning of December, Harmony's relay volume has continued to increase, reaching 147 million in a single day, returning to the peak level in early November. Additionally, MarrowDAO hosted a two-day community round of the Dark Forest game, which generated approximately 9.5 million active relay requests on the xDAI network. Ethereum’s relay volume also jumped from a previous daily average of 21 million to a daily average of 35 million last week.
As a result, the average daily relay volume has skyrocketed to 145 million. In total, more than 3.28 billion relays have been completed in the past four weeks.
POKTscan shows that Harmony is still the most relayed blockchain in the Pocket Network, followed by the Ethereum network, followed by Polygon and Fuse, xDAI is slightly behind but still surpasses the remaining other blockchains, and even xDai’s one day The amount of relay exceeds Polygon and Fuse.
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About Pocket Network
