📡 Weekly Relay Recap #21 🛰️
Over the last week between 04/01 to 04/07, the Pocket Network protocol has successfully relayed over 32.3M application requests and settled at 3,003 nodes.
Weekly Relay Recap
03/11 to 03/17: 42,644,136
03/18 to 03/24: 69,666,560
03/25 to 03/31: 18,912,509
04/01 to 04/07: 32,394,102
For the week of 04/01 to 04/07, the average successful relays per day were ~4.63M. The highest number of daily research was on April 5th, with over 6.8M relays.
This past week, 32.3M successful relays were processed. Nodes minted a ~323k POKT during this timeframe, ~288.3k POKT going to the service nodes, ~32.4k POKT going to the Pocket DAO and ~3.24k POKT going to block producers.
Total Successful Relays from 03/11 to 04/07: 163,617,307
AVG Successful Relays Per Day 03/11 to 04/07: 5,843,475
AVG Successful Relays Per Week 03/11 to 04/07: 40,904,326
Over the last four weeks, applications using the Pocket Gateway have driven a total of 163.6M successful requests 📡
In this timeframe, that means nodes have minted a bit over ~1.63M POKT, with 89% going to the service nodes (~1.45M POKT), 10% going to the Pocket DAO ( ~163k POKT), and 1% going to the block producers (~16.3k POKT).
Total Staked Nodes
3,003 (-381)
Analysis by Marco 👋 | @TMod_Marco
The number of successful relays is something that immediately stood out to me this month. First, there was a 100% success rate via Pocket’s Headless Gateway this past week. At this point, Pocket is very competitive with centralized counterparts like Infura, but with web3 and privacy guarantees.
Second, the total number of processed relays recovered nicely compared to last week’s report. Network growth is showing a nice uptrend. At the time of writing, there’s now over 250 staked applications on the network. A nice achievement which we hope to see grow further throughout the weeks. The total network validator nodes on the network decreased slightly, but is already showing good recovery.
Overall, a very positive week.
Updates
PEP-5: Pypokt Python Client
There’s new activity on the governance forum. We encourage anyone to participate in the suggested proposal ‘PEP-5: pypokt Python Client’. This proposal suggests to add Python as a supported programming language, in order for developers to start using or building with it.
Given the fact that python is one of the most widely used programming languages not only for developers but also by many devops and sysadmin, is why some community members suggest this is a very highly useful proposal in terms of growth and usage in the POKT network.
RC-0.6.0 Updates
The migration from Amino to Protobuf encoding (which supports many more languages) in Pocket Core RC-0.6.0 will enable SDK and client development to be a lot easier. This will unlock the potential for a larger variety of common SKDs and clients to be developed (like pyPOKT), ultimately leading to an all-round better developer experience
Besides increasing the bandwidth for more languages, the PocketJS Amino to Protobuf change also allows for contributors to easier maintain the transaction encoding system, further opening another door to improve the overall relay requests made to the network.
For 0.6.0, the separation of validators from service nodes is a big change to our general approach. Details in the docs.
We’d also like to remind you of the PUP-4 proposal that recently passed. Based on the suggestion to allocate servicer allocation to the DAO in increasing amounts as we hit node growth milestones, Adam created a simple schedule and calculator that could inform adjustments moving forward, which can be found here.
This disincentivizes uncontrolled node growth, and dramatically shifts servicer allocation to the DAO allocation as node count increases, culminating in a flip in allocations between node servicers and the DAO as the total node count reaches 5000. These changes will be implemented randomly as determined by the Foundation Directors, to prevent gaming.
Community Call Takeaways
The Pocket Network community held a call to discuss anything related to the release of RC-0.6.0. It was a very exciting and interesting call, during which our lead protocol engineers answered the community’s questions.
Derrandz took the time to write a summary for anyone who’s interested in reading through the conversations that happened during the call. You can find it here on the forum. If you’re more interested in listening to the whole meeting, then check out the recap video instead.
PocketJS Updates
To get back to the 100% success rate via Pocket’s Headless Gateway, a lot of these results are here thanks to the PocketJS updates that occurred. With the recent release of PocketJS, the session tumble delay was resolved.
PocketJS is doing a lot of the Quality of Service (QoS) by not bubbling up errors on the Gateway at all. This means that if an error occurs upon the first try, it retries the relay without first hoping back to the Gateway. This significantly reduced the error relays back to 0.
The Headless Gateway is now also implemented in multiple regions. This further provides support to decentralized applications across the globe, reducing latency dramatically. On top of that, by giving the the gateway to ability to cherry pick faster, superior performing nodes over slower, underperforming nodes,it ensures that applications have even further reduced latency and even better quality of service.
News
wPOKT to launch through a Balancer Pool
Have you done your research on wPOKT yet? We’re excited to have welcomed so many new community members over the course of the past week.
We appreciate the interest and would like to point those interested to our wPOKT announcement post to learn more about what wPOKT is, how it works and how you can purchase wPOKT during the Balancer Pool through the Liquidity Bootstrapping Pool (LBP).
DAO Clubhouse Call
Our Michael & Jack were part of a Clubhouse session last week, hosted by YAP Global, in which the basics of DAOs were explained. The session was full of energy and discussions were welcomed.
Don’t miss the next Clubhouse session, we’ll always share them in advance on our social channels.
What can you do to drive relays and add nodes to the network?
App Side of the Marketplace
If you care about privacy and decentralization, replace the default network provider in your MetaMask wallet with actual decentralized node infrastructure by adding a Pocket-powered Ethereum mainnet endpoint through the custom rpc settings!
Try out any of these other apps listed in this forum post. You can also earn a skill-role in our Discord community server for dogfooding any of those applications by completing a quest within the POKT arcade.
We are offering applications up to 1,000,000 requests per day as part of a limited free tier program. Please refer us to any blockchain apps/services that you want to be actually decentralized and truly resilient to single points of failure!
If your application or service is interested in becoming a launch partner for the wPOKT farming program, register here!
Node Side of the Marketplace
Don’t know how to run a node? Watch the Zero to Node videos above to learn how.
If you run into any issues, a community of node runners (and our support team) would be happy to help. If you’d prefer to not run a node yourself, check out the forum for a list of node providers offering their services to people interested in participating in the ecosystem.
How to purchase POKT to stake?
When you are ready to take the step forward in supporting decentralized node infrastructure and earning Pocket’s native cryptocurrency for serving apps then visit the community-established OTC run by Subzero, which is the best way to buy or sell POKT and helps nodes cover the cost of their infrastructure. Join the private telegram channel (requires telegram) and message the admin to get started. Note that there are fees associated with the OTC to help cover their costs and that neither Pocket Network, Inc., the Pocket DAO, nor the Pocket Foundation receives any of these fees nor any proceeds from the sale of POKT through the OTC.
Connect with Pocket:
🦜 Follow Pocket on Twitter at @POKTnetwork
💬 Chat with the Pocket team and community in Discord
🛰️ Sign up for the 1M Relay waitlist
👾 Visit the Pocket Network Website