Decentralized content delivery network Pipe launches mainnet

Pipe’s testnet has delivered 60+ PB of data across ~290,000 Point of Presence (PoP) nodes

article-image

Pipe Network and Adobe stock modified by Blockworks

share


This is a segment from the Lightspeed newsletter. To read full editions, subscribe.


The decentralized content delivery network (CDN) Pipe launched on Solana mainnet today alongside the token generation event of its PIPE token.

Pipe is integrating Jito’s Node Consensus Network (NCN) as its economic security layer, effectively restaking a pool of already staked SOL without standing up its own validator set. Pipe node operators will stake PIPE tokens to participate in the network.

The testnet has delivered 60+ petabytes of data across a network of ~290,000 Point of Presence (PoP) nodes, reporting ~70% lower latency and ~100x cost efficiency than traditional CDNs, according to Pipe’s press release.

About $2.5 million in PIPE testnet tokens have been burned to date.

“Our CDN is ready to go live and compete against the offerings from Cloudflare, Fastly, Akamai and Web2 stalwarts of the world,” David Rhodus, founder of Permission Labs and core contributor to Pipe Network said, emphasizing Pipe’s performance and uptime “at the edge” as a traditional weak spot for incumbents.

CDNs act as local delivery hubs for the internet, caching popular content in local data centers near users so websites, videos and apps load faster.

Pipe aims to provide the same service using a DePIN (decentralized physical infrastructure) model. Instead of owning or leasing thousands of servers, it coordinates independent node operators’ under-utilized resources to expand capacity where bandwidth is scarce and costly.

This distributed supply model gives Pipe two key advantages. One, Pipe can scale and target regions where bandwidth costs have historically been prohibitive. Based on its roadmap, Pipe’s stated expansion efforts include regions like South Korea and emerging markets like India and Egypt.

Secondly, it enables Pipe to welcome and monetize AI-agent traffic that are often default-blocked by incumbent CDNs due to rising egress costs from AI crawlers, or intellectual property concerns around model training from CDN’s customers.

Pipe is estimated to be generating at least about $55 million in annualized revenues, with stated revenue targets of at least $100 million in ARR by end of 2025, according to a report by Blockworks Research’s Nick Carpinito. 

Pipe Network usage

Pipe’s flagship CDN has been used to store saved states of the Solana network’s ledger and the chain’s full Proof-of-History archival dataset, amounting to about 1.5 petabytes stored with roughly 100 terabytes of daily egress.

The PIPE token can be used to pay for CDN usage and the company’s Firestarter Storage offering, which went live in late July.

Following mainnet, Pipe plans to introduce a liquid stake delegation program with Jito, directing staked PIPE to Pop nodes based on bandwidth and uptime.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Marina Bay Sands Singapore

October 7, 2026

DAS Asia is a a single-day summit at Marina Bay Sands Singapore featuring conversations between the builders, investors, and global leaders are shaping the trajectory of the digital asset ecosystem in Asia & North America.

Hilton Park Lane, London

November 10-11, 2026

DAS London is a two-day summit at the Hilton Park Lane in London featuring conversations between the builders, allocators, and policy makers who are shaping the trajectory of the digital asset ecosystem in the UK, Europe, and North America.

recent research

Maple White.jpg

Research

Crypto lending has rallied 46.7% over the past week, making it the strongest sector tracked by Blockworks Research, yet Maple has been left behind. Since September 2025, Maple’s deposits have grown 69% to $4.9B and outstanding loans have risen 78% to $1.8B, while SYRUP is down 52%. Distribution is also widening through Robinhood and Kraken, while Ethena could become a sizeable source of institutional lending demand. This report examines what the market may be missing, what needs to change for earnings to grow again and whether wider distribution and rules-based buybacks are enough to bring SYRUP back into the spotlight.

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Blockworks Research

Unlock crypto's most powerful research platform.

Our research packs a punch and gives you actionable takeaways for each topic.

SubscribeGet in touch

Blockworks Inc.

133 W 19th St., New York, NY 10011

Blockworks Network

PodcastsNewslettersEventsRoundtablesAnalytics