Incentivized RPC Pools: September 2024 Report

Incentive Pools
Lava Foundation
Oct 24, 2024

Introduction

Lava Network is restaking protocol for fast and reliable access to blockchains.

The protocol operates like a marketplace. Through Lava, any chain can attract, incentivize and aggregate Providers to offer data services, like RPC, to dapps and users. This approach means smaller, newer chains can quickly bootstrap fast, reliable and cost-efficient infrastructure.

RPC powers critical blockchain actions such as minting, staking, and swapping tokens. By offering high performance RPC, Lava aims to accelerate the onchain world.

This report summarizes the activity for Lava’s RPC Pools in September 2024. You can find previous summaries below:

Shoutouts 🙌

Top performing providers:

Evmos:

🥇SkySkipper

🥈Impulse

🥉Svetek

Axelar:

🥇cspaces

🥈all that node

🥉dig

NEAR:

🥇Brightlystake

🥈CryptoSJnet

🥉crypto.worm

These providers excelled by servicing many requests for users, while maintaining low latency, high uptime and sync 💪

September in numbers 🧮

This month, we observed a small number of providers participating with stakes that exceeded the permitted limit. To maintain fair participation and reward distribution, we implemented a penalty where 0-25% of their CU calculations were deducted, determined by the extent of their overstaking rate.

In line with last month’s announcement, we took additional measures to optimize the network’s performance by removing the long tail of low-performing providers—specifically, those who contributed less than 1% of the total CU were cut off from allocations. This adjustment aims to ensure that rewards are directed toward providers who deliver significant contributions to the network and helps providers focus their attention on chains where they have a greater chance of profitability.

Furthermore, as part of our ongoing transition efforts, all providers currently operating on the testnet are now required to migrate to the mainnet. Testnet incentives have officially ended, reinforcing the focus on mainnet stability and scalability.

Evmos

Total relays: 173.5M relays

Total CUs: 41.7B compute units

Total rewards distributed: 149,066 EVMOS

Number of providers: 48

Highest payment:  18769.9 EVMOS

Average payment:  7098.41 EVMOS

Axelar

Total relays: 48.9M relays

Total CUs: 475.4M compute units

Number of providers: 58

Highest payment: 814 AXL

Average payment: 318.5 AXL

Total distributed: 8599 AXL

NEAR

Total relays: 10.23B relays

Total CUs: 159B compute units

Number of providers: 53

Highest payment: 234.6 NEAR

Average payment: 88.19 NEAR

Total distributed: 2998 NEAR

Get paid through other Incentive Pools

Lava works with blockchains and rollups to make their public RPC unified, faster, more resilient.

Learn more about RPC Incentive Pools in our introduction article.

Where to Review and Vote on Proposals

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