PoktNews

@poktnews

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BREAKING: PORTERS' FIRST RELAYS! The first set of traffic from the Porters Gateway has been recorded on the network. With @taikoxyz's recent launch and Porters positioned as one of their main RPC providers, the volume of traffic is expected to increase.

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Shannon Data Source Rewards – Allocating a % of rewards to builders and maintainers of data clients. Imagine the demand when researchers and Foundations are incentivized to integrate with and send traffic to POKT under this new tokenomics structure! UP!

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Back again with the updates you didn't realize you needed! Here's all that happened in the past week at /POKT Network: - POKT Network rolled out decentralized RPC support for the Celestia ecosystem. - The wPOKT v2 update confirmed its deployment on Arbitrum by April's end.

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"As we move deeper into a digital machine-2-machine (m2m) world of onchain agents - who need to communicate, interact, be paid, and make payments - POKT Network provides a Universal RPC Base Layer to connect it all." 10/10 DePIN report by @blockworksres https://x.com/blockworksres/status/1775909713471029362?s=20

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POKT Network now offers RPC Endpoints for @celestia via the OG Gateway, Grove. Exciting times.

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Time to catch up with the events over at POKT Network from the past week. There was a lot going on, so here goes: - $POKT was listed on Upbit - 2 protocol parameter were upgraded. Increased the block size & increased the minimum number of proofs. - CREDS(Governance Upgrade) proposal published.

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The POKT Builder's All Hands are always fire! The recent one had a deep dive into Morse (POKT's current v0) and Shannon (POKT's next version). The main focus was on Suppliers, formerly known as Servicers, and how they will be tweaked to be more inclusive in Shannon. Breakdown below 🧵

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A list of events from the POKT Ecosystem you might have missed last week: - Protocol Revenue increased with 16K POKT added ia the weekly burn - The DAO began voting on PUP-33 to increase block size - 2 week window for the DAO to vote on PNF's Board Observer opened

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Here's a list of the few things you might have missed at POKT Network over the past week: _ 11.2K POKT Burned, taking total to 6.4M POKT burned to date - PNF published a proposal to get $3m in POKT to improve the liquidity on CEXes - @blockworksres dropped a proposal for POKT Network to sponsor their DePIN report

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Okay, here's a quick rundown of all the stuff you might have missed at POKT Network last week: - Protocol upgrade of Morse to RC-0.11.1 went smoothly, enabling a few neat features and paving the way for LLM support. - Grove, POKT's 1st Gateway, announced a private LLM pilot.

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This week, 9.7K POKT were burned, adding to protocol revenue. This represents total fees collected from our 2 Gateways for the 3 Billion relays that ran seamlessly through POKT Network's protocol last week. Another step toward #UltraSoundInfra. Chain perf in thread below.

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POKT Network Morse has been successfully upgraded to RC-0.11.1 This is a game-changer!

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Quick recap of everything that happened in POKT Network in the past week: - Thesis Defence announced as audit partners for the POKT Shannon upgrade - Liquify officially announced as the 3rd Gateway, after Grove & Nodies - Grove put up 99.99% uptime - PNF Director Dermot announced as a speaker at ETHDenver2024

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POKT NETWORK BURN UPDATE: 0.59% EMISSIONS BURNED! Feb 5th - 12th Stats: 🪴 Emissions: 2.09M $POKT 🔥 Burn: 12.44K 🧮 Burn Rate: ~0.59% 🎯 Current Deflationary Threshold: 67.7B Daily Relays Note: The threshold fluctuates with $POKT's price

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ECOSYSTEM OFFICE HOURS RECAP! A quick run-through of some key updates shared during the /poktnetwork Ecosystem Office Hours call. 🧵

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Another 12.4K POKT was added to POKT Networks protocol revenue via this week's Burn. The revenue comes from the fees collected from the network's two Gateways, which serviced 3.5 billion relays over the past 7 days - a 35% leap from last week's count. Chain performance details below 🧵

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🫰SOLANA NODE OPERATORS CASH IN! POKT Node operators with #Solana Custom setups hit a jackpot, earning 23.64 $POKT per node in the last day. Compare that to the network avg of 3.96 $POKT per node—big gains for the savvy operators!

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JUST IN: RC-0.11.1 CONSENSUS ACHIEVED! 81.6% of POKT Network's Validators upgraded to RC-0.11.1, exceeding the needed 67%. 77.9% of Servicers are also upgraded. This release enables on-chain revshare, per-chain RTTM & fixes the MaxChains param.

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Another POKT Gateway coming to a region near 🫵 Soon it'll be incredibly irresponsible of RPC providers not to have their offerings under-DEPIN-ned by POKT. Oh and btw they have plans of hitting 1B daily relays by June! Probably nothing.

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/POKTNetwork is currently in the process of upgrading POKT Morse, the first iteration of the protocol. The upgrade will enable some really cool use cases, and allow the protocol to service more complex chains and calls - AI RPCs anyone? 😍 53% of Validators have upgraded so far, 67% needed for consensus.

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