Powerloom Mainnet Launch Brings Advanced Onchain Data Solutions to Web3

Advancing on-chain data accessibility with Powerloom mainnet

Powerloom, a decentralized data infrastructure provider, has announced the launch of its Layer 2 (L2) network on Ethereum. Designed to streamline access to reliable, real-time blockchain data, Powerloom’s infrastructure supports diverse use cases, including Generative Prediction Markets (GPM), which has already processed over 500,000 predictions from 10,000 wallets.

🎉 Powerloom Mainnet is Live! 💪

We’re now a step closer to making accurate, affordable, & verifiable onchain data accessible to everyone in web3 — from next-gen apps to end-users.

This marks the beginning of a new era in onchain data access 🚀

🧵: More details ↓ pic.twitter.com/xLrRBMTDMd

— Powerloom Protocol (@Powerloom) January 9, 2025

The launch addresses longstanding issues in blockchain-based applications, including the cost and complexity of accessing verifiable on-chain data. Powerloom simplifies these challenges with its 5300+ Snapshotter nodes, which gather and process state changes and transaction events into user-friendly datasets. This system eliminates reliance on external oracles and indexers, empowering developers to create robust decentralized applications (dApps).

“Given the rise of decentralized social networks, AI Agents, and other next-gen web3 use-cases, we are witnessing a growing demand for accurate, reliable, and most importantly, affordable on-chain data. With Powerloom’s mainnet and token launch, we are a step closer to meeting this demand, catalyzing web3 innovations, and ensuring consumers get the full range of products and services that blockchain technology enables.”
—Swaroop Hegde, Co-founder of Powerloom

Mainnet features and ecosystem developments

The Powerloom protocol integrates advanced solutions such as the OP Stack framework and EigenDA for data availability, allowing it to handle billions of daily data points across multiple blockchain ecosystems. Initially, it supports Uniswap V2 markets and plans to extend compatibility to Uniswap V3, Aave V3, and other data sources.

Powerloom also offers real-time updates synchronized with blockchain activity, ensuring users can access the latest state of decentralized networks. For developers, this reduces the overhead associated with building custom infrastructure or subscribing to costly data services.

Snapshotters, the network’s distributed node operators, have already generated over one billion unique data points. These nodes not only power Powerloom’s datasets but also incentivize contributors with daily rewards, enhancing participation in the network.

Token adoption and trading updates

Powerloom’s $POWER token went live on January 10, 2025, and is now traded on Gate.io, MEXC, and KuCoin, which are some of the world’s leading crypto exchanges. The token facilitates staking, rewards, and ecosystem engagement while supporting key functions such as node operation and governance. The token’s listing expands user access, with trading pairs like POWER/USDT already active.

The bottom line

Powerloom’s mainnet launch marks a significant leap in addressing the challenges of accessing and utilizing blockchain data. By reducing cost and complexity while maintaining data accuracy, Powerloom is fostering an ecosystem where dApp developers and users can build and interact seamlessly. With its robust infrastructure and community-driven approach, Powerloom is positioned to catalyze the next wave of web3 innovation.