Incentivized Public RPC - June Update

Incentivized Public RPC
Ethan
Jun 13, 2024

Introduction

Lava is the first modular data network that scales RPC & APIs for rollups. Add any chain's RPC module to Lava - the network of node operators will optimize, scale and decentralize the traffic.

While contributing to a more performant and chain-agnostic infrastructure layer for web3, Incentivized Public RPC also gives anyone an opportunity to monetize their nodes.
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This is a summary of June activity for Incentivized Public RPC. You can read previous summaries below:
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May summary

April summary

March summary

February summary

January summary

December summary

November summary

October summary

Shoutouts ๐Ÿ™Œ

Top performing providers:

Evmos:ย 

๐Ÿฅ‡BabyScope
๐Ÿฅˆ
Stake Villageโ€
๐Ÿฅ‰
crypto.worm

Axelar:
๐Ÿฅ‡
crypto.worm
โ€
๐ŸฅˆStake Village
๐Ÿฅ‰
dig

NEAR:
๐Ÿฅ‡
Stake Village
๐ŸฅˆBabyScope
๐Ÿฅ‰
crypto.worm

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These providers excelled by servicing many requests for users, while maintaining low latency, high uptime and sync ๐Ÿ’ช

June in numbers ๐Ÿงฎ

This month, a small number of providers were participating with a higher stake than the allowed limit. As a penalty, 0-25% were deducted from their CU calculation, according to their overstaking rate.

In addition, Lava Foundation and Evmos agreed to reward the top 20 Evmos providers with a base payment of 40% of the monthly rewards pool, in order to maintain balanced payment distribution, and to reward high performing providers.

Evmos

Total relays: 158M relays
Total CUs: 38Bย compute units
Total rewards distributed: 149,066 EVMOS
Number of providers: 68
Highest payment: ย 51,000 EVMOS
Average payment: 2,192 EVMOS

Axelar

Total relays: 879M relays
Total CUs: 8.5B compute units
Number of providers: 87
Highest payment: 661 AXL
Average payment: 97 AXL
Total distributed: 8,520 AXL

NEAR

Total relays:ย 6.1B relays
Total CUs: 104B compute units
Number of providers: 63
Highest payment: 310 NEAR
Average payment: 47 NEAR
Total distributed: 3000 NEAR

Get paid through other Incentivized Public RPC

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


Learn more about Incentivized Public RPC in our introduction article.

Keep up with the latest on Lava Network

Visit the website: lavanet.xyz
Create and manage RPC endpoints: accounts.lavanet.xyz
Read the docs: docs.lavanet.xyz
Meet the community: discord.gg/bKkEtU6AMQ
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Follow our Twitter: twitter.com/lavanetxyz
Read our research papers: community.lavanet.xyz