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Pocket Network (POKT) is a decentralized infrastructure protocol designed to provide reliable and censorship-resistant access to blockchain data through a global network of independent node operators. Its native token, POKT, is used to incentivize node operators and facilitate transactions within the network.
Recent Developments
Upbit Listing: On May 30, 2025, South Korea's largest cryptocurrency exchange, Upbit, listed POKT, leading to a significant surge in its price. The token experienced a rapid increase of over 592% shortly after the listing, before stabilizing at a gain of approximately 397.9%.
Shannon Hard Fork: On June 3, 2025, Pocket Network implemented the Shannon Hard Fork, a major protocol upgrade aimed at enhancing support for blockchain, AI, and banking data. This upgrade is expected to improve the network's utility and potentially attract more users and projects.
Tokenomics Overhaul: Pocket Network has introduced a new tokenomics model that includes a usage-based burn mechanism. This change is designed to reduce token inflation and better align the token's value with network usage.
Market Performance
Despite recent price corrections, POKT has demonstrated significant growth over the past month, with gains exceeding 350%. The token's price movements have been influenced by major developments such as exchange listings and protocol upgrades.
