📡 Weekly Relay Recap #34 🛰️

Over the last week between 07/29 to 08/04, the Pocket Network protocol has successfully relayed over 61.9M application requests and settled at 4,417 nodes.

Weekly Relay Recap
07/08 to 07/14: 35,810,275

07/15 to 07/21: 47,913,884

07/22 to 07/28: 77,806,047

07/29 to 08/04: 61,925,690

For the week of 07/29 to 08/04, the average successful relays per day were ~8.84M. The highest number of daily relays was on August 4th, with over 9.6M relays.

This past week, 61.9M successful relays were processed. Nodes minted  ~619K POKT during this timeframe, with ~551.11k POKT going to the service nodes, ~61.9k POKT going to the Pocket DAO, and ~6.19k POKT going to block producers.

Total Successful Relays from 07/08 to 08/04:   223,455,896

AVG Successful Relays Per Day  07/08 to 08/04:  7,980,567

AVG Successful Relays Per Week 07/08 to 08/04: 55,863,974

Over the last four weeks, applications using the Pocket Gateway drove a total of 223.45M successful requests 📡

In this timeframe, nodes have minted a bit over ~2.23M POKT, with 89% going to the service nodes (~1.98M POKT), 10% going to the Pocket DAO ( ~223.4K POKT), and 1% going to the block producers (~2.23K POKT).

Total Staked Nodes
4,417 (+43)

Analysis by Marco 👋 | @TMod_Marco

The number of relays this week is down slightly compared to last week. However, I’m not a single bit less excited, as this number is still up significantly compared to two weeks ago. The number of relays somewhat ranging sideways throughout this past week is very positive, after a significant increase. It shows the applications are here to continue using Pocket Network for their relays, with hopefully more developers coming on board in the near future.

As the number of total active validator nodes decreased slightly, the avg. rewards per node per day remain on the higher end as well compared to a couple of weeks ago. Currently, active validator nodes earn 33 POKT/avg. per day across the past 30 days.

Looking at the relays per chain, Fuse remains the clear ‘winner’, with the Ethereum Network seeing decent growth as well. I’m curious to see what this will look like in a couple of months.

At the time of writing, Pocket Network also broke a new all-time high for the total relays processed on a single day and network fees. Over ~21M relays were processed over the past 24 hours, generating over ~186.9k POKT revenue for node runners!

Updates

We’re hiring!
That’s right, Pocket Network is hiring! First, we’re looking to hire a Business Development Representative to join our team. This is a full-time position that is remote or can be based in Santo Domingo, or Tampa FL.

Besides that, we have various other open positions, which you can find here. Interested in working with us, but can’t find an open position that suits your expertise? We’d still love to get in touch with you to explore any possible opportunities to work together.

Feel free to reach out to us!

All-hands Community Call 07/30/2021 Notes
Missed the most recent All-hands community call? No problem!

Patrick published the notes from this meeting on our forum, available at: https://forum.pokt.network/t/community-call-07-30-2021/1080.

Besides the notes, a recording has been made available:

Directly navigate to the following topics using the hyperlink:

• Pocket Portal Demo: The Pocket Portal acts as your one-stop-shop to manage, make changes, and monitor your application’s connection to blockchain data.
• POKT Scan Demo: POKT Scan provides you with Pocket Network data such as last block info, relays, staked nodes, staked apps, avg. block time, geo location for nodes, and more!
• Node Pilot Demo: The Node Pilot is a Linux executable that enables anyone to deploy and manage Pocket Validators and other blockchain nodes.

News

Pocket Networks’ Mainnet Anniversary!
It's been a little over a year since Pocket Network’s mainnet launched. We’re looking back at a wonderful year full of amazing developments, progress and collaborations.

Some quick stats:

• There’s currently over 4,300 active validator nodes on the network (over 5k including jailed validator nodes). Ran from over 16 different countries.
• Over ~1.5B+ total relays have been processed by these active validator nodes.
• 12 Blockchains are supported, with (many) more blockchains to follow.

Thank you so much for sharing this on Twitter Enrique:

Pocket Bounty Winners EthCC Hackathon
A big thank you to everyone who participated in the Hackathon, and congratulations to the winners!

Morpho: ‘’Puts your assets on Compound or Aave. When a borrower comes, they move the credit line out of the pool to maximize liquidity utilization. This results in a win-win scenario where both the lender and the borrower get a better rate.’’

BlockHead: ‘’A crypto-portfolio, DeFi interface, and block explorer for Ethereum, Polygon, & the EVM multiverse.‘’

FILbounties: ‘’A decentralized app to create bounties in exchange for files. Escrow files to earn in a trustless way using Pocket Network, IPFS, Ethereum & Filecoin.’’

Michael O’Rourke at CoinTelegraph about the Future of DeFi
Read what Pocket Network’s Co-Founder has to say about the future of DeFi in: ‘’The future of DeFi is spread across multiple blockchains’’.

Michael talks about the high Ethereum Network fees, which resulted into a multi-chain trend. About the benefits and drawbacks of a multi-chain future. About interoperability. And more!

Fair Launch Summit
Missed the Fair Launch Summit? No problem!

A recap has been made available in which you can hear Pocket DAO Governance Lead Jack Laing talk about the road to community-decision making, alongside Yearn Finance, Boardroom, OlympusDAO, and Alchemist team members.

Available at: https://bit.ly/Fair_Launch_DAOs

What can you do to drive relays and add nodes to the network?

App Side of the Marketplace
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.

Node Side of the Marketplace
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:

SubZero OTC

Thunderhead OTC

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.

Connect with Pocket:

🦜 Follow Pocket on Twitter at @POKTnetwork

💬 Chat with the Pocket team and community in Discord

👾 Visit the Pocket Network Website

♻️ Learn more about wPOKT