Powerloom Mainnet Goes Live with 5,300+ Nodes and Token Listing on Tier-1 Exchanges Powerloom, an Ethereum-based L2 network on Optimism’s OP Stack, has officially launched its mainnet. The protocol powers Generative Prediction Markets (GPM), a next-gen on-chain prediction market dApp. Powerloom’s token, POWER, has been listed on major tier-1 exchanges, including Gate.io, MEXC, and KuCoin. The mainnet currently incentivizes Uniswap V2 submissions, with plans to add multi-data market support in the near future.

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Powerloom, a flexible data foundation for cutting-edge blockchain applications on the second layer of Ethereum, initiates its mainnet operations. This protocol is poised to fuel the emergence of future prediction market platforms. The POWER token, issued by Powerloom, has been listed on several prominent tier-1 cryptocurrency exchanges.

Powerloom launches mainnet with 5,300+ nodes

As stated by its developers, Powerloom – a layer-2 Ethereum network built on Optimism’s OP Stack – has now officially gone live on the mainnet. Before making its debut, the Powerloom team meticulously carried out rigorous stress tests involving more than 5,300 testnet nodes, referred to as “Snapshotters.

🎉 The Powerloom Mainnet has been activated! 💪

We’re one step closer to making reliable, affordable, and verifiable on-chain data easily accessible for everyone in the web3 community – including developers of cutting-edge apps as well as individual users.

This is just the start of a new chapter in on-chain data access 🚀

🧵: For more information, scroll down.

— Powerloom Protocol (@Powerloom) January 9, 2025

The Powerloom system serves as the foundation for cutting-edge, on-chain Prediction Markets known as Generative Prediction Markets (GPM). This innovative decentralized application has attracted more than 10,000 user wallets and facilitated over half a million predictions through its platform.

Swaroop Hegde, a co-founder at Powerloom, emphasizes that this innovation plays a pivotal role in the prosperous area of self-governing forecasting platforms.

As a keen observer in the evolving digital landscape, I can’t help but notice the surge in decentralized social networks, AI Agents, and innovative web3 applications. This trend is driving an increasing need for precise, trustworthy, and cost-effective on-chain data. The upcoming mainnet and token launch by Powerloom promises to bridge this gap, fueling web3 innovations and ensuring consumers reap the full benefits of blockchain technology’s potential offerings.

Powerloom leverages Conduit’s forward-thinking Rollup-as-a-Service (RaaS) concept for an architecture that offers the perfect blend of durability, adaptability, and expandability in one seamless package.

The Powerloom L2 operates on the OP Stack and can manage vast amounts of daily snapshots (unique data points), spanning multiple protocols and blockchain networks. Moreover, it leverages EigenDA as its underlying data infrastructure to deliver the speed and dependability required for intricate applications.

POWER token makes it to tier-1 CEXes

On January 10, 2025, the utility token of Powerloom, known as POWER, will be available on some of the world’s top centralized trading platforms, such as Gate.io, MEXC, and KuCoin. Notably, Gate.io has also integrated support for the mainnet of Powerloom, which means that traders won’t need to transfer their POWER tokens from other EVM networks.

It’s important to mention that at first, the Powerloom mainnet exclusively rewards Uniswap V2 transactions automatically. However, they plan to integrate multi-data market support soon, which will bring back Uniswap V3 and Aave V3 markets, and introduce new ones as well.

As a crypto investor, I’m eagerly anticipating the opportunities this platform offers to boost my income streams and reap benefits from node operations. Plus, it gives consumers greater control over market development with forthcoming features such as dynamic data markets, which will empower them to shape their own financial landscape.

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2025-01-16 18:50