What is Powerloom?
Powerloom is a decentralized data indexing protocol designed to provide accurate, transparent on-chain information to dApps and other protocols. Founded in 2021 by Swaroop Hegde and Anomit Ghosh, it distinguishes itself from traditional solutions by collecting, analyzing, and supplying on-chain data in a fully decentralized manner. The network comprises Snapshotter Nodes that act as “librarians”: they monitor smart contracts, catalog changes and events, and validate information via peer-to-peer consensus, supporting integrations with platforms like Uniswap and Aave. The protocol uses its native $POWER token (total supply: approx. 1 billion) for economic coordination, staking on snapshotters and validators, reward distribution, and DAO governance. Snapshotter Nodes are lightweight and can be deployed on GitHub Codespaces with a single click. The system delivers real-time data, precise queries, and flexible templates for dashboards, bots, and aggregators.Useful Links
- Official Website: https://powerloom.io
- Official Documentation: https://docs.powerloom.io
- Twitter: Powerloom Protocol (@Powerloom)
- GitHub: Powerloom Protocol
- CoinMarketCap: https://coinmarketcap.com/currencies/powerloom/