Livepeer Increased Fundamental Growth Q3 – Messari Report
Livepeer – an Ethereum-based decentralized video streaming network – enhances its fundamentals in Q2 and Q3, 2022, according to the Messari report. This firm has increased by 12% of the total video transcoded (around 37 million minutes) on the networks and still continued to keep this momentum.
“This increased usage is reflected in both the demand and supply side metrics. Transcoding fee revenue reached an all-time high in ETH terms in Q3’22, up 52%. Staking reward revenue in LPT terms increased 17% in Q3’22; however, when translated in USD terms, it was down 46%.”
Until now, there are more than 100 projects built on the Livepeer network in 2022, adapting the good to the high-increased demand of end-users, by 7% in USD (52% in ETH). Even though the rewards decreased by 46% in USD (still increased by 17% in LPT), the supply side still kept the current state of operation. That being said the validators committed to contributing to the network even in the bear market.
The Messari Report also noted how the decentralized Livepeer transcoding network operates. Livepeer allows anyone to contribute their computer resources to bid the price in the permissionless marketplace – to reduce the transcoding expense up to 10x.
There are three participants in the whole process:
- Node operators (orchestrators): route transcoding jobs
- Transcoders provide computing resources for node operators and deliver transcoded video content
- Delegators stake LPT towards effective node operators and help secure the liver network
At the time of this writing, LPT – the native governance token – is trading at the price of $9.25, standing at the 143rd-ranked crypto asset by market cap, up more than 2.7% in the last week. However, LPT still remains deceased from its ATH price of $99 in Nov 2021 as the same coins in the winter market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Ken
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Livepeer Increased Fundamental Growth Q3 – Messari Report
Livepeer – an Ethereum-based decentralized video streaming network – enhances its fundamentals in Q2 and Q3, 2022, according to the Messari report. This firm has increased by 12% of the total video transcoded (around 37 million minutes) on the networks and still continued to keep this momentum.
“This increased usage is reflected in both the demand and supply side metrics. Transcoding fee revenue reached an all-time high in ETH terms in Q3’22, up 52%. Staking reward revenue in LPT terms increased 17% in Q3’22; however, when translated in USD terms, it was down 46%.”
Until now, there are more than 100 projects built on the Livepeer network in 2022, adapting the good to the high-increased demand of end-users, by 7% in USD (52% in ETH). Even though the rewards decreased by 46% in USD (still increased by 17% in LPT), the supply side still kept the current state of operation. That being said the validators committed to contributing to the network even in the bear market.
The Messari Report also noted how the decentralized Livepeer transcoding network operates. Livepeer allows anyone to contribute their computer resources to bid the price in the permissionless marketplace – to reduce the transcoding expense up to 10x.
There are three participants in the whole process:
- Node operators (orchestrators): route transcoding jobs
- Transcoders provide computing resources for node operators and deliver transcoded video content
- Delegators stake LPT towards effective node operators and help secure the liver network
At the time of this writing, LPT – the native governance token – is trading at the price of $9.25, standing at the 143rd-ranked crypto asset by market cap, up more than 2.7% in the last week. However, LPT still remains deceased from its ATH price of $99 in Nov 2021 as the same coins in the winter market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Ken
CoinCu News
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