A Look at Livepeer’s Developments

May 26, 2022, 1:37PM EDT

• 12 min read

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Quick Take

  • Livepeer is a video streaming network built on the Ethereum blockchain to provide video transcoding infrastructure.
  • The recent successful migration to Arbitrum has allowed greater profitability and efficiency of operations between network orchestrators and delegators.
  • Usage metrics on Livepeer have been encouraging, with a 573% increase in transcoding service usage and 68% increase in transcoding revenue year-on-year.
  • Fresh investor funding and continued community engagement are catalysts for the continued growth of the Livepeer network moving forward.

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