Livepeer Price

Livepeer (LPT) is a decentralized cryptocurrency that powers the Livepeer protocol, a blockchain-based network for video streaming services. Currently ranked #231 with a price of $5.1, LPT has seen a -1.29% change in the last 24 hours. Livepeer serves as the utility token for the Livepeer ecosystem, which aims to revolutionize video streaming by providing a cost-effective, decentralized alternative to centralized broadcasting platforms. The protocol enables video transcoding, distribution, and streaming through a network of distributed nodes. With a market cap of $236.15M and a 24-hour trading volume of $1.8M, LPT has a circulating supply of 46.25M LPT out of a total supply of 46.25M LPT. The token operates primarily on the Ethereum blockchain and has expanded to other networks including Arbitrum and Harmony ecosystems. LPT token holders can participate in the network by staking their tokens to secure the protocol and earn rewards, or delegate their stake to node operators who perform video transcoding services.

Livepeer (LPT) was created on December 19, 2018, when it was first listed on cryptocurrency markets. The project is one of the pioneering Web3 protocols focused on decentralized video infrastructure. Since its launch, Livepeer has established itself as a key player in the blockchain-based media streaming sector, currently ranking 231 among all cryptocurrencies with a market capitalization of $236.15M. The token operates on the Ethereum blockchain and serves as the utility and governance token for the Livepeer network.

Livepeer was founded by Doug Petkanics and Eric Tang in 2016. These two entrepreneurs established the project with a vision to create a decentralized video streaming network powered by blockchain technology. Their platform aims to solve bandwidth and infrastructure challenges in the video streaming industry by allowing users to contribute their computing resources to the network. Under their leadership, Livepeer has developed into a significant Web3 project currently ranked #231 with a market cap of $236.15M.

Livepeer works as a decentralized video infrastructure protocol on the Ethereum blockchain. LPT token holders can stake their tokens to become network orchestrators who process and distribute video content, earning rewards for their services. The protocol uses a unique inflation mechanism that adjusts based on participation rates to maintain network security. Orchestrators provide GPU resources to transcode videos, while delegators can stake their LPT to orchestrators without running infrastructure themselves. The protocol implements slashing mechanisms to ensure honest behavior and high-quality service. Currently priced at $5.1 with a market cap of $236.15M, LPT ranks #231 among cryptocurrencies. The token has seen -1.29% change in the last 24 hours with $1.8M in trading volume. Livepeer also enables governance participation, allowing token holders to vote on protocol upgrades and parameter changes. The network has expanded to support AI-powered video processing features, creating additional revenue streams for participants in the 2025 market.

Livepeer operates on a decentralized peer-to-peer architecture designed for scalable video transcoding. The technical foundation includes: 1. Ethereum-based protocol: LPT is an ERC-20 token built on Ethereum, enabling smart contract functionality and security. 2. Proof-of-Stake consensus: Orchestrators (validators) stake LPT tokens to participate in the network and earn rewards. 3. Transcoding infrastructure: Distributed nodes process video streams in parallel, allowing for efficient scaling. 4. Verification system: Uses Merkle proofs to verify transcoding work without requiring full video verification. 5. Multi-chain compatibility: While primarily on Ethereum, LPT has expanded to Arbitrum and Harmony ecosystems. 6. Delegated staking model: Token holders can delegate their LPT to orchestrators without running infrastructure themselves. This architecture enables Livepeer to provide decentralized video infrastructure services with significantly lower costs than centralized alternatives while maintaining high performance and reliability.

Livepeer (LPT) has a promising future in the decentralized video streaming space. The roadmap focuses on expanding its infrastructure for Web3 video applications, with key developments planned through 2026-2030. Short-term goals include enhancing the network's transcoding capabilities, improving developer tools, and increasing adoption among content creators. By 2026, Livepeer aims to complete its Layer 2 scaling solution implementation. Mid-term objectives through 2027 include expanding DePIN (Decentralized Physical Infrastructure Networks) applications and integrating AI-powered video processing features. Long-term vision includes becoming the backbone infrastructure for decentralized video streaming across Web3 platforms, potentially reaching significant price milestones as adoption grows. With current market cap at $236.15M and ranking at 231, Livepeer's roadmap positions it strategically in both the media and AI sectors, with particular focus on generative AI applications for video content.