Road Town, British Virgin Islands – Powerloom, the cutting-edge composable data layer designed for next-generation onchain applications, has officially launched its highly anticipated L2 mainnet on the Ethereum network. This milestone follows extensive testing by the Powerloom team and community, ensuring the protocol’s optimization and readiness.
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Powerloom powers Generative Prediction Markets (GPM), an advanced onchain prediction market application with a user base of over 10,000 wallets generating more than 500,000 predictions. With its mainnet debut, Powerloom is poised to eliminate traditional barriers of cost and complexity, making accurate, verifiable onchain data accessible for everyone.
5300+ Nodes Deliver Seamless Data for Web3
At the core of Powerloom’s infrastructure are 5,300+ globally distributed “Snapshotter” nodes. These nodes perform the heavy lifting—capturing blockchain state changes, event emissions, and more—to deliver seamless, real-time datasets to dApp developers. This eliminates reliance on external oracles and indexers, letting builders focus on creating impactful applications.
“The demand for accurate, reliable, and affordable onchain data is growing as decentralized social networks, AI agents, and other Web3 innovations evolve. With our mainnet and token launch, Powerloom is empowering developers to build scalable applications while consumers benefit from products powered by real-time, verifiable data.”
Swaroop Hegde, Co-founder of Powerloom
Solving Web3’s Data Bottleneck
While blockchain technology promises transparent, verifiable data, most Web3 projects struggle to transform low-level blockchain data into meaningful insights for consumer applications like prediction markets, dashboards, or bots. Powerloom’s verified and adaptable datasets bridge this gap, enabling developers to build advanced solutions without investing heavily in data infrastructure.
Powerloom’s L2 leverages the OP Stack and Conduit’s Rollup-as-a-Service (RaaS) architecture for scalability, flexibility, and robustness. Utilizing EigenDA as the data availability layer, the protocol achieves high throughput and reliability, supporting billions of daily snapshots across blockchain ecosystems.
Dynamic Market Expansion
Initially, Powerloom’s mainnet incentivizes submissions from Uniswap V2 markets. Plans to integrate multi-data markets, including Uniswap V3 and Aave V3, are underway. Future updates will introduce features like dynamic data markets, maximizing revenue streams and rewarding node operators.
Powerloom’s Snapshotter nodes have already generated over 1 billion snapshots, delivering insights such as price actions, liquidity flows, and trading volumes. These datasets sync with onchain blocks in real-time, ensuring that apps and smart contracts always operate on the latest data. An integrated consensus mechanism validates the datasets while offering optional consumer verification.
For DeFi, GameFi, NFTs, and AI agents to achieve widespread adoption, decentralized infrastructure must seamlessly support social interactions, capital flow, and truth verification. Powerloom’s real-time datasets enable dApps to provide intuitive, fast, and accurate user experiences, paving the way for Web3’s next phase of innovation.
$POWER Token: Fueling the Powerloom Ecosystem
Powerloom’s utility token, $POWER, launched on January 10, 2025, with listings on major centralized exchanges, including Gate.io, MEXC, and KuCoin. The token facilitates staking, rewards, and community engagement while powering Powerloom’s decentralized data economy.
Gate.io: Spot trading began at 9:00 AM (UTC) on January 10, 2025.
MEXC: $POWER debuted in the Innovation Zone with a POWER/USDT pair.
KuCoin: Trading opened at 9:00 AM (UTC) on January 10, 2025.
Additionally, users can access $POWER through Powerloom’s native OP bridge or third-party solutions like Relay Protocol. Daily mainnet rewards are live for existing Snapshotter nodes, with opportunities for new operators to join the network and earn incentives.
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About Powerloom
Powerloom is a composable data network built on an L2 powered by OP Stack and EigenDA. With over 5,300 Snapshotter nodes globally, Powerloom delivers accessible, reliable onchain data for Web3 projects. The platform’s streamlined infrastructure supports diverse use cases, from DeFi analytics to consumer applications, driving innovation and reducing the barriers to data accessibility.
