Powerloom Launches L2 Chain Mainnet: A Game-Changer for Web3
Powerloom, a revolutionary open composable data layer for Web3 applications, has officially launched its mainnet on a Layer 2 (L2) chain supported by Ethereum, marking a significant milestone in the realm of decentralized data solutions. This move aims to address the challenges faced by Web3 developers by providing affordable, reliable, and scalable on-chain data that is crucial for the seamless operation of decentralized applications (dApps).
The Future of Web3: Real-Time Data Sets and Revolutionary Infrastructure
With over 5,300 Snapshotter nodes worldwide, Powerloom’s L2 chain offers real-time and trustworthy on-chain data that empowers developers to build frictionless dApps without the need for heavy custom configurations or external oracles. The network, built on OP Stack and EigenDA, ensures scalability and reliability for high-throughput use cases, processing more than 1 billion unique data snapshots in real-time while maintaining synchronization with on-chain blocks.
Co-founder Swaroop Hegde emphasizes the importance of catalyzing innovation in the Web3 landscape while prioritizing affordability and reliability in on-chain data solutions. The launch of Powerloom’s L2 chain mainnet represents a significant step towards achieving these goals and supporting the growth of decentralized applications across various blockchain ecosystems.
$POWER Token Now Available on Leading Exchanges
In addition to the mainnet launch, Powerloom’s utility token, $POWER, has been listed on major cryptocurrency exchanges such as Gate.io, MEXC, and KuCoin. This listing opens up new opportunities for ecosystem participants to engage with the Powerloom network through staking, node operations, and early adoption incentives.
Gate.io users can now access Powerloom L2 without incurring high Ethereum transfer fees, while MEXC has listed $POWER in its Innovation Zone with a POWER/USDT trading pair. KuCoin has also joined the party by listing $POWER for trading, providing users with seamless bridging options via its native OP bridge and Relay Protocol-powered third-party bridge.
Powerloom’s real-time datasets, supported by more than one billion snapshots, are set to power further adoption in the realms of DeFi, GameFi, NFTs, and AI without compromising user experience, precision, or speed. As a pioneer in the Web3 landscape, Powerloom is poised to lead the charge towards scalable decentralized data solutions that will shape the future of decentralized applications.