A data dive into Pocket Network

Quick TakePocket Network launched in July 2020 as an independent, application-specific blockchain solution to the node incentivization problemDespite exogenous benefits to running full nodes such as increased privacy and security, there is a lack of endogenous or native incentives for individuals and companies to run full nodes for multiple blockchainsPocket Network set out to solve this problem by creating a two-way marketplace between applications and relay nodes, where applications stake POKT to pay relay nodes to service API requestsHere, we examine Pocket network activity and revenue to understand the surge in activity over the past couple of months