One of the leading analytics firms in the crypto industry Messari, Ethereum (ETH) He noted that a decentralized ‘video streaming network’ based on ‘video’ has seen gains in many core values in the second half of 2022 despite the continued bear market.
Koinfinans.com As we have reported, Messari livepeerHe underlined that a record 37 million minutes of transcoding was achieved on the (LPT) network, a 12% increase compared to the second quarter of the year.
Messari interpreted the growth as showing “increasing demand from end users”.
“Increased usage is clearly reflected in both the demand and supply side metrics. Transcode fee revenue rose 52% to an all-time high for ETH in Q3 2022. Staking reward revenue per LPT increased by 17% in Q3 2022; but in USD terms, it fell 46%.”
Messari also underlined that more than 100 projects are creating Livepeer supported applications in 2022.
Livepeer aims to provide a cost-effective way of broadcasting and streaming video. Local government token of the project LPTtrading at $9.25 at the time of writing.
The 143rd-ranked crypto asset by market cap has dropped nearly 1% in the last 24 hours, but has increased by more than 2.7% in the past seven days. It fell more than 9.2% last month. LPT is also trading at more than 90% lower than the all-time high of $99, which it reached in November 2021.
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