The first 3 months of 2024 have been monumental for Liquify and its Web3 infrastructure services, with over 750 million daily RPC requests and a thriving community exceeding 2,000 delegators, all while staying ahead of our ambitious roadmap! Meanwhile, we also have increased the pace of events and content plus added multiple major partners. Let’s explore.
Metrics are going through the roof!
One of our core services is focused on providing high-quality reliable RPC services. Liquify provides RPCs on more than 60 chains, arguably the highest offering of chains for an RPC provider right now. This has paid off as during Q1 of 2024 Liquify saw immense growth with a 50% increase in RPC requests, now processing over 650 million a day and recently flirting with 900 million!
With the bull market, we have seen increased usage all over on all of our 60+ supported chains, however, Liquify’s metrics are not just riding a wave. We have added multiple partnerships in the last months which, as can be seen above, have significantly pushed up our numbers. But more on these partnerships in a moment. For now, we would like to appreciate the fact that with every extra RPC going through our Liquify bare metal server setup, we are increasing the robustness of the crypto ecosystem at large. Making sure there are fewer outages and there is less reliance on large cloud providers!
If you are a Web3 project and tired of overpriced RPCs that keep going down, contact us now! We maintain 99.95% uptime by SLA, and generally provide service well beyond that.
Being a validator in Proof-of-Stake consensus means having tokens literally at stake. Making sure your validator has minimal downtime and is up to date costs effort and is not possible for a lot of organisations and projects to allocate time and resources on. Liquify has been offering non-custodial validator services for 3 years now and we are happy to announce that during the last 3 months, we grew our TVL with a 75% increase!
We take decentralisation very seriously and besides using our own bare metal servers instead of centralised cloud, we also focus on being non-custodial. Any of our partners maintain ownership of their keys, we only accept delegation. By now this means we have over 2000 delegators choosing Liquify to be the infrastructure for their precious stake!
Our partners, including Dymension, EigenLayer, Fuse, Maya, THOR, NEAR, Akash, Avax, POKT, ETH (SSV, EigenLayer, and Obol), Sentinel, Kava, Aleph Zero, IXO, and Persistence 1, are at the forefront of blockchain innovation, offering decentralised solutions across a variety of sectors and empowering our ecosystem.
Powering Forward: Partnerships, Podcasts & Platform Enhancements
New Partnerships
Liquify is nothing without its partners, and in Q1 we added some heavy hitters.
- In February Liquify became a main RPC provider for Dymension, the RollApp platform which launched in the same month. Read more about it in our blog announcement here.
- As we continue to grow our coverage across more chains, we are super excited to have partnered up with Tokensoft last January. Tokensoft has assisted ~100 projects in raising over $1 billion and will be a great partner in helping the next wave of projects chose RPCs and validator services that do not rely on cloud.
Liquify got four grants approved in Q1! Among which:
- tBTC chose Liquify to be part of their Beta Staker Program. Liquify will be supporting the decentralisation of tBTC, one of the biggest tokenised BTC projects live today!
- We also would like to thank and highlight one of our most important long-term partners, POKT Network. During Q1 they approved Liquify as one of the first independent POKT Gateways. We are working hard on the Gateway and look forward to bringing a more diverse offering to connect to POKT’s RPC Network.
The Deep Dive Podcast
With the Liquify Fam growing every month, we wanted to help support our partners in explaining their message of decentralisation and innovation to the larger public. Besides blogs and Twitter announcements, this last quarter also saw the launch of The Deep Dive, a podcast hosted by our own Zeb, a long time crypto researcher having upbeat conversations with the rising stars of crypto projects.
- The first podcast highlighted Stader and included Zeb and GoneMultichain chatting about Stader’s unique balance between permissioned and permissionless validators and how Stader is able to provide users with a higher yield than other competitors.
- The second podcast, followed up by the newly launched Tenderize, where ChefAlec discussed how validator-specific LSTs will bring in institutional stakers!
- The third installment included none other than Maya Protocol! The friendly fork of THORChain, with their founder passionately arguing for real decentralisation and giving new projects some hard truths around protocol design.
- In the fourth podcast, Zeb had Bware as a guest and went deep into how Bware aims to bring decentralised RPCs to a similar standard as centralised RPC companies. A podcast close to our heart as Liquify is a participant in multiple DePin RPC networks!
- Most recently, in the fifth podcast, Zeb and special guest Leeor from dRPC explored the foundational role of Remote Procedure Calls (RPCs) in the blockchain ecosystem. Dive deep into the challenges of centralisation, the strategic decision behind dRPC’s token-less approach, and the importance of infrastructure diversity for ensuring network reliability and security.
The Liquify Portal
February was the month in which we gave the first glimpse of our very own Liquify Portal. The goal is to have this Portal live in Q2, making Liquify a B2C company, besides still providing B2B services as well. There have been a lot of instances of users and small projects wanting to get access to our supreme high uptime, and with the Portal this will become easily accessible!
The Latest Liquify Content
Liquify has grown to be synonymous with reliable RPCs, however, with Liquify expanding, we have also started to increase our service offering. To accompany this multi-pronged approach we have started a blog series in which we go over each of our services. Read about why RPCs are so important for every Web3 user and project in our blog: The Key to Scalable Dapps. Discover how Liquify’s non-custodial validator services offer unmatched security, uptime, and decentralisation in our latest blog: Liquify Staking Brings You More Reward with Less Risk
We believe that Web3 has what it takes to disrupt Web2 social media. With Farcaster, users now have the tools to build out innovative ways to share their messages, with Frames being a great example of what is possible!
With Frames users can now have seamless interactions within the Frame itself, no need to exit the Dapp. This allows users to mint an NFT, sign up for an event or even play games directly within Farcaster. And due to the compostable and immutable nature of Farcaster, people are creating new tools everyday!
Take a look for yourself on how SocialFi is evolving and find us at @liquify
Liquify is Connecting Off-Chain
ETHDenver was amazing! At #ETHDenver, Liquify stepped into the spotlight with a schedule of six events over four days, fostering connections between VCs and promising projects. It all took place alongside our amazing partners Volumefi, Paloma Chain, Crosschainco, THOR Chain, Arkeo Network, Maya Protocol, TRGC and POKT Network. From early morning breakfasts to lively cocktail hours in the evening, each exclusive event helped strengthen the bonds within our community. A lot of exciting developments will surely follow from them!
Liquify made a memorable splash at #ETHTaipei! On March 22nd, we teamed up with the Taipei locals Cartesi for a cosy evening at the Mozi Bar speakeasy, filled with premium whiskeys and delicious cocktails to allow for an exclusive networking event.
It wasn’t just any night; it was a gathering that brought together the brightest minds to chat about everything from infrastructure to the latest in AI, ZK, and yes — our quest to find the best xiaolongbao in town! The energy was buzzing, and we couldn’t have asked for a better crowd.
It was more than just meetings and greetings, at ETHDenver and ETHTaipei, we were on a mission to create a space where the blockchain community could come together, share insights and inspire each other. Liquify’s mission to get Web3 off its cloud addiction is resonating with anyone we talk with, so we are reenergized to continue this push for bare metal servers being the new standard!
Collaborating with a diverse group of partners, we set the stage for new friendships, collaborations, and opportunities to bloom. This series of events highlighted Liquify’s commitment to fostering a supportive, interconnected ecosystem. We’re proud to have played a part in such a dynamic gathering, and we’re looking forward to what the future holds for our community.
The Road Ahead
When we published our Roadmap for 2024, we were optimistic about our targets, but reaching 750M RPCs daily just one month later exceeded our own expectations. Executing at this pace is a testament to our efficiency and drive to fulfill our mission of providing the space with reliable alternatives to centralised cloud!
Our chain map has recently been updated to reflect the most additions. If your project is building on any of the below chains, let’s chat and see how our services can help you scale at a low cost. Looking to delegate and earn staking rewards but without the hassle of running a validator? Let us know!
Is your chain not included? No problem! Our Tech team can add chains at breakneck speed, just send us a message.
We go full steam ahead, reenergized by ETHDenver and all the new opportunities that we came across. Liquify would like to thank all participants and partners for playing their part in our Q1 successes!
Be ready for the upcoming POKT Gateway, the Liquify Portal, more Deep Dives and blogs and of course we will maintain our exemplary uptime throughout!
About Liquify
Founded in 2021, Liquify Ltd is a certified UK-based Infrastructure-as-a-Service (IaaS) company servicing institutions and foundations. We have over $200M in staked assets and do more than 500M RPC requests per day.
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