Livepeer

Livepeer is a decentralized video streaming network protocol, launched in October 2018, that aims to give broadcasters a crypto-incentivized alternative to centralized video infrastructure. It targets developers and media companies who need to transcode and distribute live video at scale without relying on a single corporate provider. The project positions itself as a foundational media layer within the broader web3 stack.

Livepeer runs on Ethereum and uses a delegated-stake model in which node operators — called orchestrators — stake LPT tokens to signal their capacity and earn the right to perform video transcoding work on the network. Broadcasters pay for that work in ETH rather than in LPT, making LPT a coordination and staking token rather than a medium of exchange. The protocol uses Ethash as its consensus algorithm and exists across the Ethereum and Arbitrum ecosystems.

Fees are paid by broadcasters in ETH for transcoding services; over the trailing 30 days the protocol recorded 90,958 USD in fees, which annualizes to approximately 1,106,655.67 USD based on that recent window. Revenue over the trailing 12 months totaled 712,472 USD, and fee growth over the trailing 30 days was 32.24 percent. The take rate stands at 100 percent for the trailing 30-day period, meaning the full fee amount flows to the protocol side, while supply-side revenue to node operators as measured separately was 0 for the same period — a distinction worth noting when interpreting how earnings are distributed within the network.