Powerloom has introduced preliminary incentives for submissions on Uniswap V2, with plans to expand support for multi-data markets like Uniswap V3 and Aave V3, potentially creating new revenue streams.

Powerloom has officially launched its mainnet on a Layer 2 chain supported by Ethereum, creating an open composable data layer tailored for Web3 applications.

Built on OP Stack and EigenDA, Powerloom ensures high scalability and reliability, making it suitable for various blockchain ecosystems.

The platform's real-time datasets are specifically designed to foster growth in sectors such as DeFi, GameFi, NFTs, and AI, providing users with precise and fast data delivery.

Powerloom addresses common challenges faced by developers in Web3 by offering affordable, reliable, and scalable on-chain data.

Co-founder Swaroop Hegde emphasized that Powerloom aims to drive innovation while ensuring that on-chain data remains both affordable and reliable.

The network has already processed over 1 billion unique data snapshots in real-time, significantly enhancing the accuracy of decentralized applications (dApps).

To deliver real-time data efficiently, Powerloom utilizes over 5,300 Snapshotter nodes globally, eliminating the need for extensive custom configurations or external oracles.

Positioning itself as a leader in the Web3 space, Powerloom is committed to advancing scalable decentralized data solutions.

The $POWER utility token was recently listed on major exchanges including Gate.io, MEXC, and KuCoin, enhancing its accessibility since January 10, 2025.

Users can interact with Powerloom L2 on Gate.io without incurring high Ethereum transfer fees, while MEXC features $POWER in its Innovation Zone with a POWER/USDT trading pair.

KuCoin's listing of $POWER facilitates smooth bridging options through its native OP bridge and third-party solutions powered by Relay Protocol.