The NodeOps Newsletter: April in Review

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We have entered May now, which means it’s time for a quick look back at the glorious month that April has been for NodeOps. We secured several strategic alliances, saw strong growth in revenue, signed up not one not two but SEVEN chains in an exhilarating week, achieved the TVL (total value locked) of 1550 ETH on our EigenLayer Operator in particular, and managed a Dubai trip in between for an exciting meet with blockchain proponents and friends at Token2049!

Phew, what a month! Let us take you through the NodeOps April in detail now!

• Partnerships and subscribers

We have acquired several valuable partnerships in April, bringing our count for total chains supported up to 21! What’s more, we are expecting more blockchain allies in the pipeline, numbering around 24.

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NodeOps X Aethir

We announced these partnerships in April: Aethir, HyChain, EclipseFi, Rivalz, OraiChain, and EigenLayer.

Meanwhile, NodeOps now has an army of unique node operators over 15,000 strong, and about 70% of our total group of subscribers has signed up for the 12-month plan when it comes to running nodes- all of which takes us one step closer to making web3 accessible to all users, and thrills us beyond words!

Key data:

• Total number of chains supported by NodeOps: 21

• More chains in the pipeline: 24

• Total clients signed up in April: 6

• Clients in the pipeline: 8

• Customer Lifetime Value (LTV): 70% Subscribed for 12-month plan

• TVL / AUM

There are over 17,000 nodes deployed with us across our partner chains and protocols, out of which HyChain commands the biggest share at 11,000+. Our current total AUM (assets under management) amounts to $12 million. Our TVL on the EigenLayer operator is 1550 ETH, equivalent to nearly $5 million. In terms of node market shares, NodeOps commands 80% of HyChain again, with significant numbers across XAI and the Aethir testnet as well. Notably, we’re the third largest node operator on both Shardeum and Avail.

Key data:

• Total nodes deployed: 17,000+

• Hychain: 11100+

• XAI: 3900+

• Aethir: 1100+

• Avail and Shardeum: 750+

• Powerloom, Zora, and Fuel: 200+

• Total AUM: $12 million

• TVL on NodeOps Operator on EigenLayer: 1550 ETH (about $5 million)

• Total AVSs supported by NodeOps on EigenLayer: 5 out of 9

• NodeOps validator arm: $7 million

• NodeOps market share:

• HyChain: 80%

• XAI: 9%

• Aethir Testnet: 12%

• Shardeum and Avail: NodeOps is the third largest node operator

• Milestones in EigenLayer partnership

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The NodeOps operator on EigenLayer

As mentioned, the TVL on our EigenLayer operator is 1550 ETH; we are also one of the top 30 operators on EigenLayer. The AVSs (Actively Validated Services) we support so far include eoracle, Xterio Mach, AltLayer MACH, and EigenDA, with more to come!

• Socials

NodeOps has had a field day (month?) across socials in April, with our overall socials impressions going up significantly. Here’s a look at the milestones:

Key data:

• Total social impressions in the last 28 days: 275k

• Total social impressions in March: 200k

• Total followers: 4,800

• Total followers in March: 4,000

• Twitter Spaces: 1.3k tuned in for our co-hosted space with Aethir + 900 for EclipseFi space

• Total subscribers on Substack: 4,000+

• TOKEN2049

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NodeOps at Token2049 Dubai

NodeOps was in attendance at TOKEN2049 Dubai hosted on April 18 and 19, 2024. Along with exploring a new range of innovations in the world of blockchain and crypto, we had the brilliant opportunity to sit down with quite a few of our partners for a chat! Aethir, Monad, Manta, and Babylon were only a handful of our up-and-coming alliances that we could meet, read more about our visit and experience on the NodeOps Substack!

• Our upcoming plans for the quarter

For the remainder of the second quarter of 2024, here are our plans all summed up:

• Total chains in the pipeline: 45, with 24 more to go

• Further gamification of NODE points, already live with programs like Refer & Earn, Restake & Earn, and Contribute & Earn

NODE points and gamification

There are different programs live on the NodeOps Console already, where you can earn game points. Let us tell you a bit about them:

• Refer & Earn: You can refer NodeOps to your friends to earn NODE points.

• Restake & Earn: Delegate to the NodeOps operator on EigenLayer to earn NODE points, more details here!

• Contribute & Earn: Similarly, contributing to the NodeOps community helps you earn NODE points.

As we lead up to the NODE token launch, we will bring in yet more campaigns to distribute NODE points to you, so stay tuned!

And those were all our April updates! Let’s prepare for an even for exciting May, NodeOps Community!

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