Pocket Network Financial News

Pocket Network has partnered with open source liquidity market and lending platform Aave, which will enable it to utilise Pocket’s distributed network of more than 44,000 nodes to access on-chain data from multiple blockchains. The partnership also benefits developers building Aave-powered dApps, allowing them to access reliable blockchain data from Pocket Network on demand. This agreement was funded through Aave Grants DAO, which approved a Grant for the acquisition of the necessary POKT for Aave’s frontend traffic.

Pocket Network said that its native token $POKT will be listed on decentralized exchange KuCoin. $POKT trading will be enabled on KuCoin on October 19th, with a trading competition also taking place through October 26, 2022. $POKT is also listed on a number of other global exchanges, including Huobi, Gate.io, Okcoin, MEXC, BTCEX, Btok, Bybit, ZB, Bitget, and Bitrue. The utility token claims to enable a two-sided, permissionless marketplace where app developers can access blockchain data via Pocket Network by staking $POKT tokens.

web3.0 infrastructure protocol Pocket Network has announced an upgrade to its Pocket Portal service, which would enable web3.0 developers to create accounts, mint remote procedure call (RPC) endpoints for their dapps. This will also give access to blockchain information across any of the several blockchains supported by Pocket. ‘Pay-as-you-go’ (PAYG) and ‘Always Free’ tiers are part of the recently customised Pocket Portal service plans. Developers can receive up to 2,50,000 daily data relays for their dapps under the ‘Always Free’ tier. If a dapp’s traffic requirements are higher, developers may choose a simplified PAYG plan or may seek a unique plan from the Pocket network team.Ability to create an endless number of endpoints With the PAYG approach, developers can avoid paying a large amount of money upfront for relay traffic that they might not utilise by only paying for the data relays that their dapps actually use each month.

Pocket Network, a web3 infrastructure project, announced a community initiative named 'TriForce' to support growth and strengthen blockchain community ties. It allows community members to launch, maintain and grow blockchain traffic for their respective ecosystems while empowering them to be a part of Pocket Network’s growth trajectory. Developed together by Pocket Network Inc, Pocket Network Foundation, and Pocket DAO, the TriForce program is open to community members of all blockchains that Pocket currently supports or will add support for soon.

Pocket Network provides abundant blockchain bandwidth from a globally-distributed network of more than 40,000 full nodes to applications in Web3 across 37 blockchains. The number of relays have doubled over the last few weeks and the average is about a billion relays a day, which is ten times higher than the daily average in November 2021. In just the last week alone, Pocket has had more relays than the whole December. «Robust blockchains require robust decentralized infrastructure, and we are glad for being able to serve the demands of growing blockchain ecosystems,» said Michael O'Rourke, CEO and Founder at Pocket Network.