Pocket Network Price Spike Explained in Simple Terms

Pocket Network is a decentralized blockchain data platform that connects to any blockchain and serves the data demands of Web3 decentralized applications (dApps).
The platform operates on a Proof-of-Stake consensus mechanism and leverages its native POKT token for transactions and protocol services.
The live price of Pocket Network’s POKT token is currently $0.067275 USD, with a 24-hour trading volume of over $921 million, a 441.78% increase in the last 24 hours.
The price surge has pushed its market cap to over $135 million, placing it at #287 on CoinMarketCap’s rankings.

Introduction to Pocket Network

Pocket Network is a decentralized blockchain data platform built to connect to any blockchain and service the data demands of Web3 decentralized applications (dApps). It acts as a middleware layer, linking dApps with over 50 supported blockchains, providing seamless access to real-time blockchain data.

The network runs on a Proof-of-Stake (PoS) consensus mechanism and leverages its native POKT token to facilitate transactions and protocol services. One of the platform’s standout features is its cost-effective approach to distributing and coordinating blockchain data at scale, offering developers efficient, scalable, and censorship-resistant infrastructure.

Today, Pocket Network is making headlines, not just for its utility, but due to a jaw-dropping surge in its token price. The live price of Pocket Network’s POKT token currently stands at $0.067275 USD, with a 24-hour trading volume of over $921 million, representing a staggering 441.78% increase in the last 24 hours. This price explosion has rapidly pushed its market cap to over $135 million, placing it at #287 on CoinMarketCap’s rankings.

So, what’s driving this parabolic price movement? Let’s break it down.

1. Shannon Upgrade

The biggest driver behind Pocket Network’s recent price spike is the upcoming Shannon mainnet upgrade, scheduled to go live on June 3rd at 10AM PT. This hard fork will transition the Pocket Network from its current Morse version to the Shannon version. All traffic and operations will be redirected to Shannon, with Morse being deprecated.

What is the Shannon Upgrade in Simple Terms?

The Shannon upgrade isn’t just a routine network improvement—it’s a radical overhaul that significantly expands Pocket Network’s functionality. Here’s what it introduces:

Permissionless Infrastructure: Shannon transforms Pocket into a fully permissionless protocol, removing all traditional gatekeepers and allowing any user to access data without requiring approval or business interactions.
Support for All Open Data: Until now, Pocket primarily serviced RPC data. With Shannon, the network opens up to all forms of open data, meaning it can now serve a much broader range of dApps and AI agents that rely on decentralized data pipelines.
Encryption Upgrade: The upgrade transitions Pocket’s cryptography from ed25519 to secp256k1, aligning it with the Cosmos ecosystem and making Pocket a fully native Cosmos chain.

This shift to a Cosmos-native, permissionless, and fully decentralized data protocol makes Pocket more attractive to developers, investors, and enterprises alike. Anticipation for this transformation is driving massive speculation, investment, and usage of the POKT token.

Pocket Network Price Spike surprises the crypto market with a sudden surge. Learn why POKT Price Spike could be the start of something big.

2. True Permissionless Access

In Web3, many platforms claim to be “permissionless,” but often require developers to sign up on websites, contact sales teams, and pay through traditional billing systems. Pocket Network, post-Shannon, is eliminating all these bottlenecks.

Here’s How Shannon Redefines Permissionless Access:

Buy POKT, Stake It, Access Data—That’s It: No need for company registration, contracts, or API billing. If you own and stake POKT, you’re in.
No Human Interaction Required: Shannon removes friction by allowing users to interact directly with the network, cutting out all middlemen.
More Control to Developers and Data Consumers: The shift to a truly decentralized model means developers no longer rely on centralized infrastructure providers to access blockchain data. Everything is automated and available through on-chain logic.

This newfound ease of access has energized the developer community and boosted market demand for POKT, as more users are now preparing to stake tokens ahead of Shannon’s launch.

3. Massive Ecosystem Expansion

Another significant factor fueling Pocket Network’s meteoric rise is the announcement of major ecosystem projects that will leverage Shannon’s infrastructure. The Winter 2025 batch includes Reppo Labs, Verve AI, SwanBlocks, Developer DAO Cloud, Pattern, and Vistia—each innovating at the intersection of AI, decentralized data, and Web3.

Let’s break down what each of these projects is bringing to the table:

Reppo Labs

A Data-AI Coordination Network that enables secure and scalable collaboration between data owners and AI agents.
Uses Shannon’s permissionless gateways for seamless data exchange.

Verve AI

AI-powered research tool for institutions and portfolio managers.
Offers real-time DeFi insights using Shannon’s infrastructure for high-frequency, low-latency data retrieval.

SwanBlocks

Backend tooling for AI agents interacting with the blockchain.
Simplifies blockchain connectivity and automates transactions via Shannon’s gateway.

Developer DAO Cloud

Focused on decentralized infrastructure for on-chain projects.
Builds tools for developers to tap into scalable, interoperable systems powered by Shannon.

Pattern

Provides a framework for retrieving real-time on-chain and off-chain data for agentic systems.
Builds a gateway specifically for agentic RAG (Retrieval-Augmented Generation).

Vistia

An AI trading bot platform using decentralized data.
Taps into social and market data to provide advanced market intelligence tools.

These projects are building their core infrastructure around Shannon, signaling a surge in future network usage. Investors are clearly taking note—more applications mean more staked tokens, which tightens the circulating supply and propels the price upward.

4. Speculative Momentum and Market Psychology

While technical upgrades and ecosystem expansion are major drivers, the recent spike in Pocket Network’s price also reflects classic market psychology and speculation.

FOMO (Fear of Missing Out): With a hard fork just days away and community excitement rising, investors are piling in to get exposure to POKT before the Shannon upgrade goes live.
Short-Term Trading Volume: The 24-hour trading volume exceeding $921 million suggests that whales and retail investors alike are speculating on the upgrade-driven momentum.
Increased Media Attention: Coverage of Pocket Network’s evolution is bringing in fresh eyes, some of whom are jumping in based on hype alone.
Supply-Demand Dynamics: More developers are staking POKT to access the upgraded network, reducing the liquid supply and driving prices higher.

The mixture of strong fundamentals, narrative momentum, and trader excitement has created a perfect storm that’s fueling the price spike.

Disclaimer: CryptopianNews shares this for learning and info only. It’s not meant to be financial or investment advice. Crypto markets change a lot and move quickly. Investing in them can be risky. You should always look into things yourself. Talk to a trained financial advisor before making any choices about investing.

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