LivePeer Q4 2024简介

构建分散的视频应用（例如Twitch或Tiktok）需要现场和按需视频流基础架构。基于用户的带宽和设备，需要将视频内容（即，转码）处理为可见格式。尽管AWS，Google或Microsoft等云提供商是视频转编码的常见解决方案，但它们会产生高昂的成本。

Livepeer Q4 2024 Brief

LivePeer Q4 2024简介

Performance Analysis

绩效分析

Demand for Livepeer services comes from apps and developers needing video transcoding, live-streaming, and video generation capabilities. This includes decentralized social media (DeSoc) applications, Web3-native platforms, and traditional Web2 applications requiring scalable video infrastructure. While platforms like TikTok, Twitch, Spotify, or SoundCloud rely on centralized infrastructure for streaming, similar applications in the Web3 space — such as decentralized video platforms, music streaming apps with tokenized incentives, or NFT-based media platforms — could leverage Livepeer’s decentralized video streaming and transcoding services.

对LivePeer服务的需求来自应用程序和需要视频转编码，实时流程和视频生成功能的开发人员。这包括分散的社交媒体（DESOC）应用程序，Web3本地平台以及需要可扩展视频基础架构的传统Web2应用程序。虽然Tiktok，Twitch，Spotify或SoundCloud等平台依靠集中式基础架构进行流式传输，但在Web3领域中的类似应用程序（例如分散的视频平台，带有标记激励措施的音乐流式应用程序）或基于NFT的媒体平台 - 流和转码服务。

Network

网络

Livepeer’s network usage can be gauged by estimating the number of minutes of video transcoded.

可以通过估计转码的视频分钟数来衡量LivePeer的网络使用情况。

Livepeer’s transcoding network usage increased by 10% QoQ, rising from 32 million in Q3 to 35 million in Q4 2024, and saw a 15% YoY increase from 30 million in Q4 2023. This growth was likely driven by AI-powered video processing advancements, real-time streaming enhancements, and expanding developer adoption.

LivePeer的转码网络使用率增加了10％QOQ，从第三季度的3200万增加到2024年第四季度的3500万，比2023年第四季度的3000万次增长了15％。这种增长可能是由AI驱动的视频处理的进步，，，，视频处理的进步驱动。实时流的增强功能，并扩大开发人员的采用。

A key driver was the Livepeer AI SDK launch in Q4 2024, which enabled AI-powered media generation such as image-to-video, upscaling, and AI-enhanced text processing, increasing video processing demand. The introduction of Cascade further accelerated adoption by shifting from batch AI processing to real-time AI video enhancements, supporting AI-driven livestream analytics, automated video agents, and interactive avatars, significantly increasing transcoding workloads.

一个关键驱动力是第4季度2024年的LivePeer AI SDK启动，该启动启用了AI驱动的媒体生成，例如Image-to-video，topscaling和ai-hehanced文本处理，从而增加了视频处理需求。通过从批处理AI处理转移到实时AI视频增强功能，支持AI驱动的直播分析，自动化视频代理和交互式化身，从而引入了级联进一步加速采用，从而大大增加了转码的工作量。

Additionally, Livepeer’s partnership with Fishtank, an interactive streaming platform, played a role in sustaining growth. After reaching one million viewers and generating $3 million in revenue in Q3 2024, Fishtank’s continued use of Livepeer Studio in Q4 reinforced Livepeer’s position as a leading decentralized video infrastructure provider.

此外，LivePeer与互动流媒体平台Fishtank的合作伙伴关系在维持增长方面发挥了作用。在2024年第三季度吸引了100万观众并产生了300万美元的收入之后，Fishtank继续使用LivePeer Studio在第四季度加强Livepeer作为领先的分散视频基础设施提供商的地位。

Fees from Transcoding

转码的费用

Services using the Livepeer network pay demand-side fees in ETH to access transcoding services. Node operators (orchestrators) earn these fees for processing video and distribute a portion to their delegators based on their fee-sharing structure. The likelihood of receiving transcoding work is influenced by stake weight; orchestrators with higher stake are prioritized for more work, leading to greater earnings in transcoding fees. This system incentivizes both node operators and delegators, reinforcing network participation and security.

使用LivePeer网络的服务付费在ETH中支付需求侧费用来访问转码服务。节点运营商（编排者）根据收费结构赚取这些费用，用于处理视频并将部分分配给代表人。接受转码工作的可能性受危险体重的影响；优先考虑具有较高股份的编排者，以进行更多的工作，从而获得更高的转码费用收入。该系统激励节点运营商和代表人，从而加强网络参与和安全性。

Livepeer’s demand-side fees from transcoding increased 18% QoQ, rising from $62,000 in Q3 2024 to $73,000 in Q4 2024, and saw an 8% YoY increase from $68,000 in Q4 2023, aligning with overall usage growth. This higher-than-expected fee growth compared to usage was likely influenced by Ethereum’s price surge in Q4 2024, which increased approximately 11%.

LivePeer的需求侧费用从转码量增加了18％的QOQ，从2024年第三季度的62,000美元上升到第4季度2024年的73,000美元，从2023年第四季度的68,000美元增加了8％的增长，与整体使用率增长相符。与用法相比，这种高于预期的费用增长可能受到以太坊在2024年第四季度的价格上涨的影响，大约增长了11％。

Since transcoding fees are often denominated in ETH, the rise in Ethereum’s value elevated the USD-equivalent fees collected on Livepeer, contributing to the strong 18% QoQ growth.

由于转码费用通常以ETH为特征，因此以太坊价值的上升提高了Livepeer收集的美元当量费用，这导致了强劲的18％QOQ增长。

Fees from Livepeer AI

Livepeer AI的费用

According to Messari's report, Livepeer’s AI Subnet, launched in Q3 2024, marked its expansion beyond transcoding by enabling AI-powered video generation using its GPU-based compute infrastructure. In Q4 2024, this evolution continued with Cascade, introducing real-time AI video processing for applications like automated video agents, live analytics, and AI-enhanced content creation. These advancements position Livepeer as a decentralized media compute provider, extending its role beyond traditional video transcoding.

根据Messari的报告，LivePeer的AI子网于第3季度2024年推出，标志着其扩展，通过使用其基于GPU的计算基础架构启用AI驱动视频生成，超越了编码。在第4季度2024年，这种演变继续以级联的速度进行，为自动化视频代理，实时分析和AI-增强内容创建等应用程序引入了实时AI视频处理。这些进步位置LivePeer作为分散的媒体计算提供商，将其角色扩展到传统视频转编码之外。

In the Livepeer AI ecosystem, tickets and fees represent the economic framework for compensating node operators performing AI-powered video processing. Winning tickets are issued as part of Livepeer’s probabilistic micropayment system, allowing operators to redeem them for ETH-based fees. These fees reflect demand for AI workloads, making them a key indicator of AI adoption and network revenue.

在LivePeer AI生态系统中，门票和费用代表了补偿节点运营商执行AI驱动视频处理的经济框架。获奖门票是作为Livepeer概率微债系统的一部分发行的，使运营商可以兑换基于ETH的费用。这些费用反映了对AI工作负载的需求，使其成为AI采用和网络收入的关键指标。

In Q3 2024, Livepeer AI usage generated $15,000 in fees, accounting for 24% of the network’s total transcoding fees, with 4,800 tickets issued at an average cost of $3 per ticket. However, in Q4 2024, AI-related fees dropped to $7,000 (10% of total transcoding fees), with ticket issuance falling 62% QoQ to 1,847 tickets, and overall fees declining 52% QoQ. Despite this drop, the price per ticket increased 25%, from approximately $3 to $4, suggesting a shift toward higher-value AI workloads rather than a pure decline in demand.

在2024年第三季度，LivePeer AI的使用产生了15,000美元的费用，占该网络总转码费用的24％，并以每张门票3美元的平均费用发行4,800张门票。但是，在第4季度2024年，与AI相关的费用下降至7,000美元（占转码总费用的10％），票证发行量下跌62％QOQ至1,847票，总费用下降了52％QOQ。尽管有这种情况，但每张机票的价格从大约3美元到4美元上涨25％，这表明向高价值AI的工作量转变而不是需求纯粹下降。