Testnet Phase 1
Overview and Insights
The first phase of the Powerloom Incentivized Testnet was designed to engage and empower developers to experience the power of data with powerloom. This phase, dedicated to Snapshotters, was a critical step in validating and stress-testing our infrastructure. By enabling participants to set up and run snapshotter nodes, we aimed to create a robust, composable data ecosystem tailored for the needs of the Web3 community.
The Role and Impact of Snapshotters
Snapshotters played a crucial role in this phase. These nodes were responsible for capturing and snapshotting the data, specifically on UniswapV2. This included data such as
- top token pairs
- tokens based on liquidity pool dynamics
- Fees and volume in the 24Hrs and 7 days range.
By snapshotting this data, Snapshotters contributed to creating a comprehensive, decentralized repository of DeFi Data market information.
An integral part of this testnet phase was the UniswapV2 Dashboard, which displayed the data collated by the Snapshotters.
Additionally, Phase 1 included a consensus dashboard, enabling users to verify the submission status of their snapshots.
Conclusion and Community Response
The inaugural phase of our testnet concluded in October 2023. It was met with an overwhelming response from the community, attracting over 5000 applications.
To learn more and gain further insights, you can check out our announcement on Twitter regarding Powerloom Phase 1. https://twitter.com/PowerloomHQ/status/1693655148931993647
The source code for this phase is publicly accessible on GitHub: Powerloom Testnet Phase 1 Source Code.
In our comprehensive documentation, you will find a dedicated section that guides you through the process of extending the UniswapV2 dashboard. Explore this section to understand how you can build upon the UniswapV2 dashboard, adapting it to fit your specific requirements and ideas. For more information, please visit the Extending UniswapV2 Dashboard section in our documentation.
This first phase not only demonstrated the capabilities of Powerloom but also set a strong foundation for future developments in our data-driven approach to Web3 solutions.