The primary markets for crypto-related fundraising rounds are as hot as ever, with the rise of layer one “Ethereum competitors” leading to a massive influx of new infrastructure concerns that projects are trying to solve.
Solana, out of all the layer one projects, has perhaps seen the most meteoric growth throughout 2021, offering users cheap and fast transactions as well as a host of lucrative liquidity opportunities and on-chain products for users to tap into.
Solana has had its fair share of growing pains, however, and some have yet to be solved.
One such problem is relating to the network’s uneconomical RPC nodes. The high costs and low return of running these has led to a shortage, forcing projects to pay massive premiums to tap into Solana RPC nodes.
RunNode is an infrastructure layer that connects Web 2.0 (the internet as we know it) to Web 3.0. The biggest differentiator between RunNode and its competitors is its focus on ease of use, security and cost optimization.
The applications of web 3.0 are known as dApps, or decentralized applications. These decentralized applications communicate to the blockchain through the middle layer, known as the RPC (remote procedure call) layer. The RUN token will act as an authenticator on-chain to verify request limits and allow for developers to access RPC services through a smart contract.
Currently, it takes less than 30 seconds to sign up for an RPC endpoint through RunNode and enterprise projects are saving an average of 20% off their monthly spend per month after switching from some of the other competitors.
Beyond their RPC service, there are plans to build a robust staking pool with strong incentives for users with a liquid staking open that connects into current staking pool providers to help Solana achieve a more decentralized blockchain.
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