Livepeer Network Sees Significant Growth and Community Support in Q1 2024

馃殌 Livepeer's Soaring Growth...

By Livepeer
Apr 29, 2024, 7:17 PM
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The latest report from Messari Crypto highlights the impressive growth and community support for the Livepeer network in Q1 2024.​ Network usage increased by 31% quarter-over-quarter, hitting all-time highs due to increasing adoption of Livepeer Studio by livestreaming platforms.​ The community has approved proposals to enhance AI video compute capabilities and improve network accessibility through initiatives like the Livepeer Cloud.​ Demand-side revenue from transcoding fees climbed 22% in USD terms, while staking rewards grew by 123% in USD terms, reflecting strong community support through staking.​ The report showcases the progress made by the Livepeer community in shaping a robust, innovative, and decentralized video infrastructure.​

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