Powerloom Launches Mainnet, Revolutionizing Onchain Data Accessibility

Street City, British Virgin Islands – Powerloom, the superior composable knowledge layer designed for next-generation on-chain purposes, has formally launched its extremely anticipated L2 mainnet on the Ethereum community. This milestone follows in depth testing by the Powerloom workforce and the group, making certain the optimization and readiness of the protocol.

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Powerloom helps Generative Prediction Markets (GPM), a complicated on-chain prediction market software with a consumer base of over 10,000 wallets producing over 500,000 predictions. With its mainnet debut, Powerloom is poised to interrupt down the standard obstacles of price and complexity, making correct, verifiable on-chain knowledge accessible to everybody.

Greater than 5300 nodes present seamless knowledge for Web3

The core of Powerloom’s infrastructure consists of greater than 5,300 globally distributed “Snapshotter” nodes. These nodes do the heavy lifting – recording adjustments in blockchain state, occasion emissions, and extra – to ship seamless, real-time datasets to dApp builders. This eliminates the dependency on exterior oracles and indexers, permitting builders to concentrate on creating impactful purposes.
“The demand for correct, dependable and inexpensive on-chain knowledge is rising as decentralized social networks, AI brokers and different Web3 improvements develop. With our mainnet and token launch, Powerloom will allow builders to construct scalable purposes, whereas shoppers profit from merchandise powered by real-time, verifiable knowledge.”

Swaroop Hegde, co-founder of Powerloom
Fixing Web3’s knowledge bottleneck

Whereas blockchain know-how guarantees clear, verifiable knowledge, most Web3 tasks wrestle to show low-level blockchain knowledge into significant insights for shopper purposes equivalent to prediction markets, dashboards, or bots. Powerloom’s verified and customizable datasets bridge this hole, permitting builders to construct cutting-edge options with out investing closely in knowledge infrastructure.

Powerloom’s L2 leverages OP Stack and Conduit’s Rollup-as-a-Service (RaaS) structure for scalability, flexibility and robustness. Through the use of EigenDA as an information availability layer, the protocol achieves excessive throughput and reliability, supporting billions of each day snapshots in blockchain ecosystems.

Dynamic market growth

Initially, Powerloom’s mainnet will encourage submissions from Uniswap V2 markets. There are plans to combine multi-data marketplaces, together with Uniswap V3 and Aave V3. Future updates will introduce options equivalent to dynamic knowledge markets, maximizing income streams and rewarding node operators.

Powerloom’s Snapshotter nodes have already generated greater than 1 billion snapshots, offering insights equivalent to value motion, liquidity flows and buying and selling volumes. These datasets are synced to onchain blocks in actual time, so apps and sensible contracts are all the time operating on the most recent knowledge. An built-in consensus mechanism validates the info units and offers optionally available shopper verification.

If DeFi, GameFi, NFTs, and AI brokers are to attain widespread adoption, decentralized infrastructure should seamlessly help social interactions, capital flows, and fact verification. Powerloom’s real-time datasets allow dApps to ship intuitive, quick, and correct consumer experiences, paving the way in which for Web3’s subsequent section of innovation.

$POWER Token: Fueling the Powerloom Ecosystem

Powerloom’s utility token, $POWER, was launched on January 10, 2025, with listings on main centralized exchanges together with Gate.io, MEXC and KuCoin. The token facilitates staking, rewards and group engagement whereas fueling Powerloom’s decentralized knowledge economic system.

Gate.io: Spot buying and selling began on January 10, 2025 at 9:00 AM (UTC).
MEXC: $POWER debuted within the Innovation Zone with a POWER/USDT pair.
KuCoin: Buying and selling opened on January 10, 2025 at 9:00 AM (UTC).

Moreover, customers can entry $POWER by way of Powerloom’s personal OP bridge or third-party options equivalent to Relay Protocol. Every day mainnet rewards are stay for present Snapshotter nodes, with alternatives for brand spanking new operators to affix the community and earn incentives.

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About Powerloom

Powerloom is a composable knowledge community constructed on an L2, powered by OP Stack and EigenDA. With greater than 5,300 Snapshotter nodes worldwide, Powerloom delivers accessible, dependable on-chain knowledge for Web3 tasks. The platform’s streamlined infrastructure helps numerous use circumstances from DeFi analytics to shopper purposes, driving innovation and lowering obstacles to knowledge accessibility.