Over the last week (02/17-02/23), the Pocket Network protocol successfully relayed over 1.9 Billion application requests (down by 13.4%) & settled at 32.8k staked nodes (up by 7%)!
Weekly Relay Recap & Analysis 👋
Relays dipped this week due to a temporary dip in Harmony RPC traffic which went down by 20%.
The node infrastructure continued to grow with another 2,165 nodes getting added in this week.
Lastly, OEC blockchain gets whitelisted for generating revenue in $POKT.
The average daily relays were down by 13.4% compared to last week at around 273M relays.
Over 8.6B relays have been processed in total throughout the last four weeks. The exact figures are displayed in the table below.
For those interested in diving deeper into the metrics, one can find them on C0D3R’s Pocket Network charts.
The pie chart below shows the distribution of all POKT rewards minted over the past week between the service nodes, block producers, and the Pocket DAO.
At the time of this writing, Pocket Network now has 32,849 nodes!
Distribution of relays requested by blockchains:
FUSE Mainnet drove 124M relays this week driving 6.7% of the total relay traffic of on Pocket Network. xDAI relays were up by 42.6% and ethereum Goerli by 35.8%.
Here is the percentage change in relays this week when compared to last week.
What do you think the lineup will be like next week? Share your thoughts on Twitter!
There are no active proposals up for vote in Pocket Snapshot as of today.
These proposals were voted for and passed successfully in this week:
After months of debate, the WAGMI inflation proposals were finally put to vote and were successfully passed. The inflation targets as defined in the proposal will take effect starting with 100% now and new targets to be implemented on a monthly cadence at 10% increments until we reach 50%.
These proposals are under active discussion by community members:
- PUP-12: Inflation Stop-Gap Proposal: Double Trouble
- PEP-21: Bypass wPOKT LBP and go straight to the bridge
- PEP-19: The Development of PocketRS, Ongoing Client Support, and Feature-Rich Documentation
- PEP-16: Universal Contributor Income
- PIP-11: Implementing an On-chain Rev Share Mechanism
There is one new proposal put up on the Pocket Network forum this week.
PEP-23: PoktFund Ecosystem Development – Wallet, Pool & Open API’s
This proposal, put up by BaaS Pool LLC (PoktFund) talks about building out an AIO (all in one) native platform that matures the Pokt ecosystem as a whole.
The primary objective is building enterprise-level products (wallet and pooling service) for the entire user base. The product focuses on delivering a native wallet experience on web and mobile apps.
It is also focusing on building a secure, automated, and transparent fractional pool staking service for both mobile and PC devices with an open API. Users will be able to register and authenticate using 2FA for an added layer of security. PoktFund’s pool will open up API’s for other pooling initiatives/platforms to leverage as well.
PoktFund is looking to launch core functionalities of Wallet and Pool by Q2 (fiscal quarter) and team members are working full time to meet this imminent goal.
The frontend designs are up on the proposal link so one can get an idea of the UI/UX.
One can read the complete detailed proposal and contribute towards the discussion here:
We are seeing active and engaging discussions by the Pocket Network Community on the forums. Join the discussion and share your opinion. Your voice matters and will be heard. You can do so by clicking the hyperlinks of any of the proposals.
Pocket Network whitelists OEC blockchain
Pocket Network partners with OEC, one of the first EVM Blockchains on Cosmos, to Boost Node Infrastructure Decentralization.
OEC is a new blockchain powered by OKx, a leading crypto exchange, set to revolutionize the way users can trade assets in a decentralized, permissionless, fast, and cheap way.
Until Pocket, EVM protocols like OEC relied upon centralized network providers to fill the gap between applications and blockchain data. Pocket is decentralizing OEC’s full node infrastructure to offer more security and uptime at a fraction of the costs of the current legacy solutions.
One can read in more detail about the partnership here:
Pocket Network v1 spec release
Few weeks ago Pocket Network revealed to the community v1 specs! The call was held on Discord/Twitter spaces and was met with great excitement and interest in the future of Pocket.
(For those that missed this call, the recording is below!)
Shortly after, the detailed docs were released.
Here are the simplified docs for v1:
And the deeper technical specifications:
Pocket Network v1.0 Utility Q&A
Sampled the future of Pocket Network’s economics and still fishing for more? 🎣 In this Q&A with Andrew Nguyen, Protocol Lead, Pocket Network and BenVan, a long term community member talk about the utility aspect of the new v1.0 protocol. One can watch it here:
Missed the community call but wanted to attend?
You can still do it! This was just one of the calls planned. RSVP to the below scheduled calls in the upcoming weeks:
The recording of this event is here:
Pocket Network v1.0 Persistence Q&A
Validate the state of the engine powering Pocket Network’s data storage needs by joining this Q&A with Luis Correa de León, CTO and Co-founder, Pocket Network and Irving Rivas, Communications Chief, Pocket Network
Pocket Network v1.0 Consensus Q&A
After digging into the hot stuff that is the v1.0 Consensus specification, join this Q&A with Andrew Nguyen, Protocol Lead, Pocket Network and Daniel Olshansky, Protocol Specialist, Pocket Network.
Pocket Network v1.0 P2P Q&A
When we read this Gem of a P2P structure we are hopping with excitement. If you were too, and want to become a leader in v1.0 awareness, push “interested” on this Q&A with Hamza Ouaghad, Protocol Engineer, Pocket Network; Otto Vargas, Blockchain Engineer, Pocket Network and BenVan, Protocol Advisor, Pocket Network.
Community developed tools
Potkscan is implementing a security and reliability product for poktscan. This is critical for the implementation of the NEW poktscan coming in the near future. One may experience limited or no access for a short period of time.
Other Community Updates
Poktpool is on its 21st Tranche now with 2900+ members staking varied amounts of POKT!
Here is a guide on how to stake with Poktpool made by community member Venus Ann
Pocket Network deepens ties with FUSE Network
After a remarkable performance in last two weeks experienced by the FUSE ecosystem post integrating POKT’s RPC endpoints, they have decided to double down and scale the number of relay requests they send to us.
Pocket Network is now supporting 20% of the FUSE RPC relay traffic!
Previously the RPC endpoint had a limit of 3M relays/day which has now been increased to 84M relays/day. 23,376 Pocket Nodes are servicing these relays.
One can learn about how to use the FUSE endpoint in this video:
MEXC Global does a live AMA with Pocket Network
Earlier this week, MEXC Global organized a live AMA with Michael O’Rourke, CEO and Co-founder, Pocket Network on there telegram channel.
Nodey returns with another insightful chapter
It has been a while since we heard from Nodey. This time Nodey is back to explain one of the most fundamental aspect of $POKT: A relay!
Watch it on below link and if there is anything you’d like to learn, leave us a comment on the thread!
Be[In]Crypto has a sit-down with Pocket Network
Pocket Network’s Operations lead, Rich Cuellar-Lopez talks about Pocket Network with Be[In]Crypto.
Pocket Network, a Web3 infrastructure middleware protocol, provides extensive blockchain bandwidth from a globally-distributed network of over 30,000 full nodes to applications in Web3 across 37 different blockchains, including Ethereum, Polygon, Solana, Avalanche and Harmony.
Read in more detail about the discussion here:
Pocket Network is looking for players
Pocket Network is participating in DeFi Legends LoL Tournament and is looking for players. A week left before the matches start so the time to apply is now!
What is Pocket Network?
Chain Debrief writes a twitter thread explaining about the Pocket ecosystem. One can read it here:
What can you do to drive relays and add nodes to the network?
Apps & 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.
Nodes & Node Runners
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.