Livepeer (LPT) currently has a price of €12.76 and is up 2.66% over the last 24 hours. The cryptocurrency is ranked 167 with a market cap of €395.7M. Over the last 24 hours, it saw €41.1M of trading volume. The token has a circulating supply of 31M tokens out of a total supply of 31M tokens.
Livepeer is a decentralized video infrastructure platform built on Ethereum blockchain that offers a scalable and cost-effective livestreaming solution. It incentivizes network participants to contribute their computing resources through a unique token economy, allowing anyone to become a video service provider and earn rewards. By utilizing a network of connected nodes, Livepeer efficiently transcodes and distributes video streams, improving scalability and reducing costs compared to traditional centralized streaming platforms.
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