Infrastructure middleware protocol Pocket Network reported record growth in protocol revenue, number of relays, number of nodes, and node revenue. Pocket Network provides RPC relay services for Web3 applications on 37 blockchains (including Ethereum, Polygon, Solana, Fuse, and Harmony) through full nodes.

Since last November, developers have served approximately 16 billion relays (or API calls) on the Pocket Network, generating more than $215 million in revenue, of which more than $191 million was paid out to nodes The operator, which can be seen in the on-chain indicators of Token Terminal.

Compared to the $14.8M total protocol network revenue achieved in August-October 2021, the revenue surge for this period (90 days) demonstrates Pocket Network's meteoric growth trajectory, fueled by Pocket's latest round of strategic financing.

The surge in network revenue has attracted new nodes to join. The Pocket network currently has more than 24,000 full nodes with a cumulative value of $500 million. A node requires 15,000 Pocket's native token POKT. With the increasing number of public chains supported by Pocket Network and Web3 applications using Pocket Network, it is estimated that by the middle of 2022, the network is expected to provide billions of relay services per day.

This substantial growth can be attributed to the continued momentum of the blockchain ecosystem and native token accessibility, as well as the network effects of increased usage and node revenue, further demonstrating that the Pocket Network protocol is suitable for market development needs.

Michael O'Rourke, CEO of Pocket Network, said: "Over the past six months, our monthly growth rate has continued to double. Since the founding of Pocket Network in 2017, we have always focused on what we think is important, which is our development. traction. It’s worth noting that people all over the world are providing infrastructure, and the use of that infrastructure generates real revenue for node operators.”

The development of Pocket Network is mainly based on the organic needs of the industry, and the recent service outage of the Web2 centralized cloud provider affecting many well-known applications has further promoted the development of Pocket Network, and its average daily relay count has increased by more than 60%. The "flywheel incentive" of independent node operators supporting each blockchain is the primary source of Pocket Network's revenue. For example, each relay offered on Pocket Network generates 0.01 POKT. Among them, nodes that provide relay services receive 89% of the rewards, which is 0.0089 POKT. Pocket Dao gets a 10% reward, or 0.001 POKT, and the verification node that generates the block gets a 1% reward, or 0.0001 POKT.

All network nodes have a chance to generate a block, and their chance to generate a block is proportional to the number of their staked nodes. This economic model has resulted in high-quality network coverage, including "play and earn games"Pocket Network。