LPT Livepeer Rank #336 $1.43 ▼ 2.05%

Livepeer (LPT) is the protocol token of the Livepeer network, a decentralized infrastructure layer for live video streaming built primarily on Ethereum. The project is designed to function as an open, crypto-incentivized alternative to centralized broadcasting services, allowing developers and broadcasters to transcode and distribute video without relying on traditional media infrastructure. Within the protocol, LPT operates as a staking and coordination token rather than a medium of exchange. Broadcasters pay for transcoding services using Ethereum's ETH, while LPT is staked and delegated to transcoders (validators) who perform the computational work of converting video into streamable formats. The amount of staked LPT influences how work is routed across the network, and the threat of slashing helps ensure participants act honestly. Livepeer is also frequently categorized within decentralized physical infrastructure networks (DePIN), as it coordinates real-world computing and bandwidth resources through token-based incentives. The protocol has drawn backing from investors associated with the broader Ethereum, Arbitrum, and Harmony ecosystems, and LPT is included in several ecosystem indices tracking decentralized infrastructure and web3 assets.