Powerloom’s expansion reaches base ecosystem, surpassing 5200 Snapshotter Lite nodes.

Coinbase’s Ethereum Layer-2 scaling solution, Base, has welcomed its first node built by Powerloom, a decentralized composable data network. Powerloom aims to provide onchain data across both Layer 1 and Layer 2 networks and is celebrating the creation of over 5,200 Snapshotter Lite nodes, coinciding with the Base expansion.
The integration of Powerloom into Base offers users the opportunity to mint a data node, allowing them to contribute to and profit from onchain data. This expansion will revolutionize data collection and utilization within the Base ecosystem, specifically with the introduction of Powerloom’s one-click Snapshotter Lite Node setup, which simplifies participation and eliminates the need for specialized infrastructure.
Swaroop Hegde, Co-founder of Powerloom, stated, “With the integration of the Optimism Stack and increased opportunities for Snapshotters to participate in various data marketplaces across the Base ecosystem, the Base expansion encompasses Base and additional Layer 2 solutions.”
Snapshots, which are onchain data points collected from various data marketplaces, are gathered by Snapshotter Lite Nodes. These snapshots primarily focus on DEX token pairs and pools, such as the USDC-ETH pair on Uniswap (V2) and Aave. The core of Powerloom’s ecosystem lies in its snapshotters, who collect data from the blockchain and multiple onchain data markets. The Lite version of the Node is designed to be user-friendly and requires minimal technical knowledge.
Powerloom’s network has generated nearly 250 million snapshots in the past 30 days alone, with a daily output exceeding 10 million. This highlights the extensive scope and significance of its operations.
For large, scalable, and reliable data sets, ideal for creating advanced data products like dashboards, Powerloom is the go-to source. The network participants prioritize integrity and dependability, ensuring that every piece of data is accurate, thoroughly vetted through consensus-backed computation, and further validated to instill confidence in developers. Powerloom seamlessly integrates pre-computed, validated, and easily consumable APIs for DeFi protocols and smart contracts into its data markets, catering to every use case.
With Powerloom strengthening its ecosystem alliances and capabilities, the future looks promising. The company is poised to become a leader in the blockchain data infrastructure field, expanding its presence to Base and other Layer 2 solutions, embracing technological advancements, and engaging further with data markets.