Over the last week (09/02 to 09/08), the Pocket Network protocol has successfully relayed over 225.49M application requests and settled at 5,087 nodes.
Weekly Relay Recap & Analysis 👋
This past week marked another major accomplishment of successfully processing close to a quarter billion relays in a single week! Throughout the past couple of weeks we saw major spikes. Looking at the chart now, these spikes look smaller and smaller compared to the new one. A result of continued growth and interest in Pocket Network.
The average number of relays per day remains steady above a ~25M/day minimum. The number of jailed validator nodes decreased significantly. As a result, we’re now back above 5,000 active validator nodes!
☝ The graph (and table below) shows a healthy uptrend, with pullbacks settling at higher and higher averages.
Over 2.25M POKT got distributed between the block producers, node providers and DAO last week. With the number of relays increasing more rapidly than the number of nodes, this means the average POKT reward per node continued to increase. Nodes earned an average of ~394 POKT last week (~56 POKT per day).
The POKTscan dashboard shows us that this past week both the Ethereum Network and FUSE pushed around the same number of relays per day on average. Although, during the beginning of this week it’s clearly visible the Ethereum Network pushed more relays to the Pocket Network.
* Green: Ethereum Network, purple: FUSE.
PEP-9: Fuse Token Swap
PEP-9 has successfully been voted for and unanimously passed. This means the next steps for a token swap between FUSE and Pocket Network can now be made.
For the full proposal and all details, please read this forum thread.
PEP-10: Returning a Mistaken DAO Fee
Voting for PEP-10 is open and closes today. So far, there’s 4 votes for and 0 against the proposal.
In PEP-10 it is proposed to return POKT to a community member who accidentally swapped the number of POKT to transact with the transaction fee. As a result, 400k POKT are now accidentally paid as a transaction fee.
The block producer already returned 9.09% and the DAO has the means to return the remainder (90.91%).
This is a special and very specific case in which the majority of that POKT ended up under DAO control and should not be confused with other cases where POKT may be lost due to sending to the wrong address, or losing keys.
Blockchain whitelist preparations
We are making preparations to whitelist Avalanche Fuji (000E), BSC Testnet (0011), BSC Testnet Archival (0012), Polygon Mumbai (000F), and Polygon Mumbai Archival (00AF) on Friday September 10th.
Solana (0006) is now whitelisted!
We advise node runners who wish to support these chains to begin making their own preparations by deploying their own nodes, getting up to sync, and simulating relays to ensure that everything is working as intended. DO NOT add the RelayChainIDs to your pocket node stake until you have ensured your nodes are working correctly, otherwise your Pocket node will be slashed.
If you need any support, please join us on Discord if you haven’t already.
Pocket Network now supports Avalanche!
Earlier this week, Avalanche announced that Pocket Network now supports their blockchain.
Meaning that Avalanche users and developers are now able to take advantage of Pocket’s decentralized, reliable, and cost-effective node infrastructure.
Pocket endpoints are available today for Avalanche developers that require consistent uptime, privacy, or scalability and have a mission focused on decentralization. Developers that are looking to work with us are provided with 1 million free requests a day. Simply register with an email address through the Pocket Portal!
AMA at Polygon with Pocket Network
Yesterday, Pocket Network CEO and Co-Founder Michael O’Rourke joined Polygon in their Discord server for an Ask-Me-Anything event.
We look back at a successful event and would encourage anyone interested to join us at future AMAs or other events.
What can you do to drive relays and add nodes to the network?
Apps and App users.
If you care about privacy and decentralization, replace the default network provider in your MetaMask wallet with actual decentralized node infrastructure by adding a Pocket-powered RPC endpoints for Ethereum, Avalanche, xDAI, Fuse, and/or Polygon through the custom rpc settings!
Try out any of these other apps listed in the Conscious Dappitalism page within our new docs .
You can also earn a skill-role in our Discord community server for dogfooding any of those applications by completing a quest within the POKT arcade.
Don’t know how to run a node? Check out the Node Runner docs above to learn how.
Try out Node Pilot, it’s the most user-friendly option to spin up both base layer blockchain nodes and Pocket nodes.
If you run into any issues, a community of node runners (and our support team) would be happy to help. If you’d prefer to not run a node yourself, check out the forum for a list of node providers offering their services to people interested in participating in the ecosystem.
How to purchase POKT to stake?
When you are ready to take the step forward in supporting decentralized node infrastructure and earning Pocket’s native cryptocurrency for serving apps then visit any of these community-established OTCs:
They are the best way to buy or sell POKT; and it helps nodes cover the cost of their infrastructure. Join either private telegram channels (requires telegram) and message the admin to get started. Note that there are fees associated with the OTCs to help cover their costs and that neither Pocket Network, Inc., the Pocket DAO, nor the Pocket Foundation receives any of these fees nor any proceeds from the sale of POKT through the OTCs.