Web3 Communication Protocol Push Protocol: Pioneer of Decentralization Push Services

In a decentralized network, effective node communication is crucial. Without smooth information transmission, the network will become an isolated information island. Especially in the social domain, it is only through secure and efficient communication that social assets and financial attributes can be derived.

Currently, Web3 social communication mainly relies on traditional tools such as Twitter and Telegram. There are few protocols that support internal communication within DApps and perform well, and cross-protocol, cross-chain social communication capabilities are even scarcer. Although there are numerous scenarios in Web3 that require notifications, such as DeFi price fluctuation alerts, most applications still use traditional methods like email. This is mainly because current DApps are primarily web-based on PC, and mobile development is slow, which limits the application of message pushing.

To address this issue, Push Protocol was born. As a decentralized communication protocol designed specifically for Web3, Push enables smart contracts, DApps, and even traditional services to send notifications to wallet addresses, making it widely applicable in scenarios such as DeFi liquidation alerts, domain expiration reminders, and news push.

Push Protocol Overview

Push Protocol enables various forms of communication such as notifications, chats, and videos to be sent to wallet addresses in a decentralized manner. Its core goal is to address the communication gaps in Web3 applications, enhance user experience, and promote the large-scale adoption of a decentralized web.

As of April 2024, Push Protocol has sent over 600 million notifications, becoming a leading project in the field of Decentralization communication. Its core advantage lies in allowing any dApp, smart contract, or backend service to directly interact and communicate with user wallet addresses. Application scenarios include DeFi trading information, DAO governance voting, GameFi user incentives, and more.

PUSH serves as a governance token, used to protect the network, reward nodes, promote protocol utility, and facilitate DAO operations. Currently, the circulation rate is 60%, with a circulating market value of approximately $12.6 million.

Team Background and Development History

Push Protocol is led by Indian founder Harsh Rajat, co-founder Richa Joshi, and an experienced team. The advisory team includes several industry-renowned figures who provide strategic support for the project.

Since its establishment in 2020, Push Protocol has completed multiple rounds of financing, raising a total of $11 million with a valuation of $130 million. Investors include several well-known institutions and individuals.

After officially renaming in September 2022, the project achieved multi-chain support. In 2023, it was selected as an integration project by a well-known wallet, further enhancing its influence. Push Protocol has an active community and collaborates with hundreds of projects, occupying an important position in the Web3 infrastructure field.

Core Technologies and Application Scenarios

Push Protocol adopts an open, gasless, multi-chain, and platform-independent approach to verify and index communication content, ensuring the decentralization, immutability, and traceability of messages. The storage and sharing mechanism based on IPFS provides users with a secure, private, and efficient communication solution.

Main application scenarios include:

1. DeFi protocol notification: Sending transaction-related information
2. DAO Governance and Voting: Remind users to participate in governance
3. GameFi User Incentives: Support for NFT Airdrops, Reward Notifications
4. Data Analysis Protocol Notification: Provides real-time market data
5. Web2 Message Notification Service Replacement: Achieving Real-time Important Event Notifications

Message Push Architecture

The message push architecture of Push Protocol consists of three core concepts: users, channels, and subscribers.

Users can be communication entities such as contracts, wallets, or individuals, and can choose to join or exit a channel. A channel is a logical container for message sending, divided into two types: public and private. Subscribers are users who have subscribed to a channel and can receive different types of messages.

Core Advantages

1. Decentralization and immutability: Adopting a subscription model, messages on-chain ensure data security and reliability.
2. Multi-chain compatibility: Supports messaging services across multiple chains
3. Open network access: Any cryptocurrency wallet can interact with push nodes without Gas fees.
4. Rich integration cases: integrated with over 400 projects, covering DeFi, social, NFTs and other fields.
5. Strong technical support and development roadmap: Continuously promote technological development, the future V3 version will support non-EVM chains.

Push Protocol, as a pioneer of Web3 communication infrastructure, is revolutionizing Decentralization push services, providing strong support for the development of the Web3 ecosystem.