The Poktopus

By this time next week, there will be a significant growth in network relays. Stay tuned.

16:1 Green For Go Relay volume on Pocket Network started showing signs of shaking off the sluggishness that comes with a bear market this week. The top 5 chains all showed significant growth in the last 24 hours, and even lower traffic chains were waking up, with Avalanche showing a 31% increase: Polygon, Fuse, and Read More

I’ve struggled with how to articulate my thoughts during what is not just a bear market, but also global upheaval. As such, I decided to continue the break this week. I hope by Sunday there’s a better environment to write about.

My thoughts are with the people of Ukraine.

13:1 Some T With Your Pokt The enterprising team at Thunderhead dropped tPOKT on Saturday, a Polygon wrapped ERC-20 representative of native Pokt. The tPOKT token is backed by native Pokt tokens locked in staked nodes on Thunderhead’s node farms. Each block, if the staked nodes earn rewards, that value is rebased into the value Read More

12:1 A Slow Climb Upwards After several weeks of the doldrums caused by a market wide crash, $POKT broke $1.30 on the exchanges this weekend and stayed there, potentially setting up a new floor at the previous resistance of $1.29. And, after what seemed like a number of early speculators taking profits, the 24 hour Read More

11:1 The Return Of The King It’s common sense that relays drop during a hard bear market, as people stop checking their wallets daily and shift to copium tweeting instead. Pocket was affected by this, dropping nearly 100MM in daily relay totals during the worst of the downturn, but as the markets stabilized (and cross Read More

10:1 A Global Market Meltdown So, did you hear the one about the inflation hedge getting smashed by global market downturns driven in part by…inflation? Bitcoin’s beatdown was a reminder that the institutional money that everyone predicted would eventually go hard on the granddaddy of digital currency is well and truly here…which also means that Read More

No post this week as we hang in Miami with the Pocket crew. See you next Sunday.

08:1 This Is Not The Big Announcement The speculation continues around the announcements being teased by the Pocket team over the last couple of weeks, with most folks suggesting that a mainstream CEX listing is part of the mix. While the team has remained extraordinarily mum about the whole thing (much to my chagrin), many Read More