Road Town, British Virgin Islands – Powerloom, the advanced composable data layer designed for next-generation on-chain applications, has officially launched its highly anticipated L2 mainnet on the Ethereum network. This milestone follows extensive testing by the Powerloom team and the community, ensuring the optimization and readiness of the protocol.
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Powerloom supports Generative Prediction Markets (GPM), an advanced on-chain prediction market application with a user base of over 10,000 wallets generating over 500,000 predictions. With its mainnet debut, Powerloom is poised to break down the traditional barriers of cost and complexity, making accurate, verifiable on-chain data accessible to everyone.
More than 5300 nodes provide seamless data for Web3
The core of Powerloom’s infrastructure consists of more than 5,300 globally distributed “Snapshotter” nodes. These nodes do the heavy lifting – recording changes in blockchain state, event emissions, and more – to deliver seamless, real-time datasets to dApp developers. This eliminates the dependency on external oracles and indexers, allowing builders to focus on creating impactful applications.
“The demand for accurate, reliable and affordable on-chain data is growing as decentralized social networks, AI agents and other Web3 innovations develop. With our mainnet and token launch, Powerloom will enable 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 turn low-level blockchain data into meaningful insights for consumer applications such as prediction markets, dashboards, or bots. Powerloom’s verified and customizable datasets bridge this gap, allowing developers to build cutting-edge solutions without investing heavily in data infrastructure.
Powerloom’s L2 leverages OP Stack and Conduit’s Rollup-as-a-Service (RaaS) architecture for scalability, flexibility and robustness. By using EigenDA as a data availability layer, the protocol achieves high throughput and reliability, supporting billions of daily snapshots in blockchain ecosystems.
Dynamic market expansion
Initially, Powerloom’s mainnet will encourage submissions from Uniswap V2 markets. There are plans to integrate multi-data marketplaces, including Uniswap V3 and Aave V3. Future updates will introduce features such as dynamic data markets, maximizing revenue streams and rewarding node operators.
Powerloom’s Snapshotter nodes have already generated more than 1 billion snapshots, providing insights such as price action, liquidity flows and trading volumes. These datasets are synced to onchain blocks in real time, so apps and smart contracts are always running on the latest data. An integrated consensus mechanism validates the data sets and provides optional consumer verification.
If DeFi, GameFi, NFTs, and AI agents are to achieve widespread adoption, decentralized infrastructure must seamlessly support social interactions, capital flows, and truth verification. Powerloom’s real-time datasets allow dApps to deliver 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, was 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 fueling Powerloom’s decentralized data economy.
Gate.io: Spot trading started on January 10, 2025 at 9:00 AM (UTC).
MEXC: $POWER debuted in the Innovation Zone with a POWER/USDT pair.
KuCoin: Trading opened on January 10, 2025 at 9:00 AM (UTC).
Additionally, users can access $POWER through Powerloom’s own OP bridge or third-party solutions such as 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 more than 5,300 Snapshotter nodes worldwide, Powerloom delivers accessible, reliable on-chain data for Web3 projects. The platform’s streamlined infrastructure supports diverse use cases from DeFi analytics to consumer applications, driving innovation and reducing barriers to data accessibility.