Livepeer (LPT) is making waves in the decentralized video streaming space, combining blockchain innovation with real-world utility. As of today, the LPT price stands at $6.02**, with a 24-hour trading volume of **$17,708,903. The token has seen a 4.68% drop in the last 24 hours, yet remains up 8.82% over the past seven days, signaling short-term volatility with underlying momentum.
With a current market cap of $253,382,453 and a circulating supply of 42,061,029 LPT tokens, Livepeer ranks #140 among cryptocurrencies by market value. While today’s price is 93.99% below its all-time high, it's also 1,332.32% above its all-time low, reflecting both the risks and growth potential inherent in this innovative project.
All data is updated in real time, ensuring traders and investors have access to accurate insights for informed decision-making.
What Is Livepeer?
Livepeer is a decentralized video transcoding network built on the Ethereum blockchain. Its native token, LPT (Livepeer Token), operates under the ERC-20 standard and plays a critical role in securing and coordinating the ecosystem — though it is not used as a direct payment method for streaming services.
Instead, users pay for streaming in ETH, while LPT functions as a staking and governance mechanism within the network. By staking LPT, participants help allocate video processing tasks and maintain network integrity through a Delegated Proof-of-Stake (DPoS) consensus model.
How Does Video Transcoding Work?
Before live video can be streamed efficiently across devices and bandwidth conditions, it must undergo transcoding — the process of converting raw video into multiple formats and resolutions. This ensures smooth playback whether you're watching on a smartphone over 4G or a 4K TV with high-speed internet.
Traditionally, this requires expensive cloud infrastructure. Livepeer disrupts that model by decentralizing the workload across a global network of nodes, significantly reducing costs and increasing accessibility.
Key Features of Livepeer
1. Decentralized Live Streaming Infrastructure
Livepeer aims to revolutionize how we consume and interact with live video content. By leveraging blockchain technology, it offers:
- Censorship-resistant broadcasting
- Pay-as-you-go streaming model
- Support for dApps (decentralized applications) with embedded video
- Auto-scaling capabilities
These features make Livepeer an attractive solution for developers, independent creators, and enterprises alike.
2. Three Core Network Participants
The Livepeer ecosystem thrives on collaboration between three primary roles:
🎯 Developers
Integrate Livepeer into apps and platforms to enable high-quality, low-cost live streaming. The open-source nature of the protocol allows for transparency and community-driven improvements.
⛏️ Orchestrators (Video Miners)
These are node operators who provide computational power (GPU/CPU) to transcode video streams. To participate, orchestrators must stake LPT tokens. In return, they earn fees paid in ETH by broadcasters.
💡 Delegators (Token Holders)
Users who don’t run nodes can still contribute by delegating their LPT tokens to trusted orchestrators. This helps secure the network and earns them a share of transaction fees plus newly minted LPT rewards. As of mid-2022, over 4,000 individuals were actively delegating.
This delegation system enhances decentralization and lowers entry barriers for average users to earn passive income.
Who Created Livepeer?
Livepeer was co-founded in December 2016 by Eric Tang and Doug Petkanics, both experienced tech entrepreneurs with a history of building scalable digital platforms.
- Eric Tang holds degrees in Electrical & Computer Engineering, Computer Science, and Business Administration from Carnegie Mellon University. He served as Lead Developer at Hyperpublic before co-founding Wildcard, a mobile publishing platform.
- Doug Petkanics, a University of Pennsylvania engineering graduate, co-founded Hyperpublic and Wildcard prior to Livepeer. Since 2016, he has served as CEO of Livepeer, guiding its transition into one of the most promising blockchain-based media protocols.
Their combined expertise in software development and product innovation has been instrumental in shaping Livepeer’s technical foundation and long-term vision.
Livepeer Price History & Market Performance
Understanding historical price movements helps contextualize current valuations and future potential.
All-Time High (ATH)
LPT reached its peak price of $100.24 on November 9, 2021, during the broader crypto bull run fueled by NFT and Web3 enthusiasm.
All-Time Low (ATL)
The lowest recorded price was $0.4206 on March 13, 2020, amid the global market crash triggered by pandemic-related economic uncertainty.
Despite being far from its ATH, the significant rebound from its ATL underscores growing confidence in the protocol’s utility and adoption trajectory.
Frequently Asked Questions (FAQ)
What is the current LPT price?
As of now, the Livepeer (LPT) price is $6.02, with active trading across major exchanges like Binance, KuCoin, and Kraken.
What is Livepeer’s total market cap?
The current market capitalization for Livepeer is $253,382,453, based on a circulating supply of 42,061,029 LPT tokens.
How does staking work in Livepeer?
Users stake LPT tokens either by running an orchestrator node or delegating to one. Stakers earn ETH fees from video processing and receive newly minted LPT as inflationary rewards.
Can I use LPT to pay for streaming?
No. While LPT secures the network, actual streaming payments are made in ETH. Think of LPT as infrastructure equity rather than a transactional currency.
Is Livepeer eco-friendly?
Yes. Unlike energy-intensive proof-of-work blockchains, Livepeer uses a delegated proof-of-stake model that consumes minimal energy, making it a sustainable choice for decentralized media infrastructure.
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Where to Buy and Store LPT
LPT is widely available on top-tier cryptocurrency exchanges including Binance, KuCoin, and Kraken. These platforms offer strong liquidity and support for both spot and futures trading.
For long-term holders, securing assets in a hardware wallet is highly recommended. Trusted options include Ledger and Trezor devices, known for their robust security architecture.
Why Livepeer Matters in Web3
As demand for live video content skyrockets — from gaming streams to virtual events — centralized platforms struggle with cost, scalability, and censorship issues. Livepeer presents a compelling alternative: a permissionless, open-source, and economically efficient solution powered by token incentives.
Its integration into Web3 dApps makes it particularly valuable for metaverse projects, DAO-governed media channels, and decentralized social networks.
Core Keywords:
- Livepeer price
- LPT coin
- decentralized video streaming
- ERC-20 token
- staking crypto
- blockchain video transcoding
- Web3 infrastructure
- DPoS consensus
With continued development and rising demand for decentralized media solutions, Livepeer remains a project worth watching in the evolving Web3 landscape.