Pearl

Pearl is a Layer 1 blockchain protocol that aims to combine artificial intelligence computation with cryptocurrency mining into a single system. The core idea is that the work GPUs already perform during AI training and inference — specifically matrix multiplication — doubles as the proof-of-work required to secure the network, so miners get two outputs from one energy expenditure. The protocol is designed for participants who want to contribute GPU compute to AI workloads while simultaneously operating a blockchain node.

Pearl uses a Proof-of-Useful-Work consensus mechanism, a variation on traditional Proof of Work in which valid blocks are produced as a byproduct of running AI computations rather than arbitrary hashing. The protocol's implementation of matrix multiplication is the foundational operation, meaning the computational effort that validates transactions is economically equivalent to providing AI inference or training capacity. The PRL token lives natively on this Layer 1 network and is the asset issued to miners who successfully complete these dual-purpose computations.

The data provided does not include a fee revenue stream, so there are no figures available for fees collected, fee payers, or fee recipients; any fee-based measures on this site are therefore not applicable to Pearl in its current form. What the data does show is that approximately 16.46 percent of the maximum supply of 2,100,000,000 PRL tokens is currently circulating at the point-in-time measurement, leaving a very large portion of supply not yet issued. The ratio of fully diluted valuation to current market capitalization stands at 6.08 at the point-in-time measurement, reflecting how much additional supply could eventually enter circulation relative to today's market capitalization of roughly 574 million dollars.