The latest node created on Base, a Layer-2 scaling solution by Coinbase, signals Powerloom's entrance into the Base ecosystem. Powerloom, a top composable data network enabling protocols to index and query blockchain data in a decentralized manner, has achieved a notable milestone by minting over 5,200 Snapshotter Lite nodes. This progress coincides with the expansion of Base.

The integration of Powerloom into Base offers users an opportunity to mint a data node for the first time, allowing them to contribute to and profit from onchain data. Through the one-click setup of Snapshotter Lite Nodes, the participation process is simplified, eliminating the need for specialized infrastructure.

Swaroop Hegde, Powerloom's Co-founder, highlighted the significance of surpassing 5200 Snapshotter Lite nodes as a reflection of trust and growth in the organization's mission. By venturing into the Base ecosystem, Powerloom is enhancing its technological capabilities and community building efforts.

The expansion of Base includes technological advancements like the integration of the Optimism Stack and enhanced opportunities for Snapshotters to engage with various data marketplaces within the ecosystem.

Snapshots and Data Markets

Snapshots, collected by Snapshotter Lite Nodes from various data marketplaces, focus on DEX token pairs/pools like the USDC – ETH pair on platforms such as Uniswap (V2) and Aave. The core of Powerloom's ecosystem revolves around snapshotters who gather data from the blockchain and onchain data markets. The Lite version of the Node is designed to be user-friendly, requiring minimal technical knowledge.

Powerloom's network has generated nearly 250 million snapshots in the past 30 days alone, with daily output exceeding 10 million, underscoring the scale and importance of its operations. For large, scalable, and reliable datasets ideal for creating advanced data products like dashboards, Powerloom is the preferred source.

With a focus on integrity and dependability, Powerloom provides pre-computed, validated APIs for DeFi protocols and smart contracts, enabling seamless integration into data markets for all applications.

As Powerloom expands its ecosystem partnerships and capabilities, it is poised for leadership in the blockchain data infrastructure sector. With plans to broaden its presence in Base and other L2 solutions, leverage technological enhancements, and increase engagement in data markets, Powerloom's future looks promising.