Research Summary
The report discusses the performance of the Livepeer transcoding network in Q2 2023. The usage of the network decreased by 20% in Q2 2023, in line with other Web3 infrastructure protocols. This led to a 20% decrease in demand-side revenue in USD terms. However, revenue from staking rewards remained flat in USD terms but increased by 26% in LPT terms. The Livepeer community proposed an on-chain community treasury to fund public goods. Livepeer also improved its video-on-demand service, reduced latency for its streaming service, and introduced token-gating for custom playback policies.
Actionable Insights
- Monitor Network Usage: The usage of the Livepeer network decreased by 20% in Q2 2023. This trend should be monitored as it impacts demand-side revenue.
- Consider Staking Rewards: Despite the decrease in network usage, staking rewards increased by 26% in LPT terms, indicating that staking in Livepeer could still be profitable.
- Follow Governance Proposals: The Livepeer community proposed an on-chain community treasury to fund public goods. The progress and impact of this proposal should be tracked.
- Track Protocol Improvements: Livepeer improved its video-on-demand service, reduced latency for its streaming service, and introduced token-gating for custom playback policies. These improvements could enhance the user experience and drive demand.
