Evernode
Evernode is a decentralized physical infrastructure network (DePIN) that provides permissionless hosting for decentralized applications on the Xahau Network, using its native Evers (EVR) token, Membership NFTs, and Hosting NFTs to coordinate Hosts and dApp developers globally.
- Company typePrivate
- Founded2023
- HeadquartersGriffith, Australia
- Headcount—
- GTM typeB2B
- OfferingSoftware
What Evernode does
Evernode is a decentralized physical infrastructure network (DePIN) protocol that provides permissionless, global hosting infrastructure for decentralized applications (dApps). It operates on the Xahau Network (a sidechain of the XRP Ledger that supports Hooks-based smart contracts) and is developed by Evernode Labs Pty Ltd, a proprietary limited company incorporated in the Australian Capital Territory. The platform enables anyone to download the Evernode software and join as a Host, offering dApp hosting services in exchange for Evers (EVR), the network's native digital currency. Each dApp deployed on Evernode runs as a mini-blockchain ("AppChain") with a consensus engine across its constituent Hosts.
The protocol's core technology stack comprises three components: HotPocket, a smart contract execution engine that supports dApps written in nearly any programming language with disk/web I/O, off-chain data fetching, and complex computation; Sashimono, a container management system for dApp deployment and lifecycle; and Evernode Hooks, automated smart contracts on Xahau that maintain the canonical Host registry, distribute Evers, and govern the network. Membership NFTs identify Hosts and confirm network membership, while Hosting NFTs represent exclusive lease claims on hosting Slots priced in hourly Evers fees. Two JavaScript SDKs — the Evernode JS Client and Everpocket JS Client — provide developer-facing APIs for network interaction.
Evernode's business model is decentralized and token-mediated rather than invoiced. Hosts acquire Membership NFTs by paying registration fees in Evers; Tenants (dApp operators) lease hosting capacity through Hosting NFTs at market-determined hourly rates; and Evers trade on the Xahau native DEX and Bitrue exchange. The token has a fixed maximum supply of 72,253,440, with ~20.6M allocated via airdrops to founders, Evernode Labs, betatesters, and XRP holders, and the remaining ~51.6M reserved for programmatic Host rewards over 118 years. The only named ecosystem deployment is Sound Alive Radio (launched March 2025), a decentralized radio network serving as the protocol's flagship proof of concept. No revenue, ARR, headcount, or VC funding is disclosed; total external funding to date consists of two XRPL Grants of $200,000 each in 2022 and 2023.
Evernode firmographics
Firmographics- Name
- Evernode
- Legal name
- Evernode Labs Pty Ltd
- Website
- https://evernode.org
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Short description
- Evernode is a decentralized physical infrastructure network (DePIN) that provides permissionless hosting for decentralized applications on the Xahau Network, using its native Evers (EVR) token, Membership NFTs, and Hosting NFTs to coordinate Hosts and dApp developers globally.
- Ownership category
- akta.pro rank
Evernode industry classification
Industry- Product category
- Decentralized Infrastructure (DePIN) for dApp Hosting
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199)
- akta.pro primary industry
- DePIN Orchestration, Scheduling & Middleware (resource discovery, job scheduling, workload orchestration) (FSAPALAK)
- akta.pro secondary industries
- DePIN Hardware, Devices & Supply Chain (miners/routers/hotspots, firmware, device management) (FSAPALAJ), DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL)
Keywords
Where Evernode is headquartered
LocationHeadquarters
- HQ city
- Griffith
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Evernode business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Host Registration Fees: Hosts pay registration fees to join the Evernode network and receive a Membership NFT. The fee structure involves purchasing Membership NFTs from the Evernode Registry Hook.
- Hosting Fees (Evers): Hosts mint Hosting NFTs that represent exclusive leases of hosting Slots in exchange for hourly hosting fees in Evers. Tenants (dApps) pay for hosting using Evers, creating a recurring revenue stream for Hosts.
- Evers Token Transactions: Evers trade on the Xahau Network's native DEX and Bitrue exchange. All services on Evernode are priced and paid for in Evers, including network registration and hosting payments.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Evernode product offering
Product offeringCore offering
Evernode is a permissionless, decentralized physical infrastructure network (DePIN) that provides hosting infrastructure for decentralized applications (dApps). The platform enables dApps to be written in almost any programming language, deployed at any scale, read/write to disk and the web, fetch off-chain data, and run complex computations through its HotPocket runtime and Sashimono container layer. Hosts join the network by purchasing Membership NFTs from the Evernode Registry Hook on the Xahau Network, then lease hosting capacity to dApp developers via Hosting NFTs priced in the native Evers (EVR) token.
Product overview
Evernode is a decentralized Physical Infrastructure Network (DePIN) that provides a global permission-less marketplace for hosting ultra-flexible, ultra-powerful decentralized applications (dApps). The platform operates on the Xahau Network and consists of several integrated components: Evers (EVR) serves as the native digital currency for all network transactions; HotPocket provides the smart contract framework for building dApps in any language; Sashimono handles instance/container deployment; and Evernode Hooks manage registry, Evers distribution, and governance. The ecosystem includes JavaScript SDKs (Evernode JS Client and Everpocket JS Client) for developer integration. Users can participate as Hosts (providing infrastructure) or Tenants (deploying dApps), with the network functioning as a decentralized 'Internet of dApps'.
Differentiator
Problem solved
Functional benefit
Brands
- Evers: Native digital currency/token of the Evernode network with ticker EVR
- HotPocket
- Sashimono
- Everpocket
Products and services
- Evernode Network (mainnet) Permissionless, decentralized Physical Infrastructure Network (DePIN) for hosting and running dApps, coordinated through Membership NFTs, Hosting NFTs, and Xahau Hooks on the Xahau Network. Available globally to anyone who downloads the Evernode software.
- Evers (EVR) Native digital currency of the Evernode network, issued on the Xahau Network with a fixed maximum supply of 72,253,440 tokens. Used to pay all network services including Member NFT registration and hourly hosting fees. Trades on the Xahau DEX and Bitrue.
- HotPocket Smart contract/smart server framework for Evernode that lets developers build dApps in almost any programming language, with disk and web I/O, off-chain data fetching, and complex computation in a decentralized execution environment.
- Sashimono Instance and container management system used by Evernode hosts for deploying and managing dApp instances. Works with HotPocket to provide the consensus engine that maintains canonical state across all instances of a dApp.
- Evernode Hooks Three automated on-chain accounts (Hooks) installed on Xahau Ledger accounts that manage Evernode's registry of hosts, Evers token distribution, and network governance without centralized intermediaries.
- Evernode JS Client JavaScript SDK for developers building on Evernode. Provides client classes including BaseEvernodeClient, FoundationClient, HeartbeatClient, RegistryClient, HostClient, and TenantClient for interacting with network operations, accounts, and Evers balances.
- Everpocket JS Client JavaScript client library providing context classes for managing cluster operations on Evernode, including ClusterContext, EvernodeContext, HotPocketContext, NomadContext, VoteContext, and XrplContext for decentralized dApp development.
Companies that use Evernode
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Evernode technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Evernode partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Evernode competitors and assessment
Company assessmentDirect peers
- Akash Network: Decentralized cloud compute marketplace where providers lease datacenter capacity to tenants via reverse auctions. Directly comparable to Evernode as a two-sided permissionless marketplace for hosting applications, though Akash targets general workloads on Cosmos while Evernode focuses on dApps on Xahau.
- Render Network: Decentralized GPU compute network that matches rendering jobs with idle GPU providers using a token-based marketplace. Directly comparable to Evernode as a DePIN compute marketplace with provider/tenant coordination, differentiated by GPU focus vs. Evernode's general dApp hosting.
- Flux: Decentralized cloud infrastructure network where node operators provide compute, storage, and hosting services for dApps and web applications. Directly comparable as a permissionless DePIN compute marketplace with similar two-sided marketplace mechanics.
- Phala Network: Decentralized compute network offering confidential smart contract execution via TEE-encrypted worker nodes. Comparable as a decentralized compute platform for dApps, with overlapping host-provider model and token-incentivized infrastructure.
- Filecoin: Decentralized storage network where miners provide storage capacity leased to clients via on-chain deals. Comparable to Evernode as a DePIN marketplace with provider/tenant structure and NFT-like lease primitives, though focused on storage rather than compute.
- io.net: Decentralized GPU network that aggregates idle GPUs for machine learning and rendering workloads. Directly comparable to Evernode as a DePIN compute marketplace, with similar provider-rental model targeting dApp and compute workloads.
Broad incumbents
- Helium: Pioneer DePIN network where hotspots provide wireless coverage in exchange for token rewards. Comparable as a DePIN protocol with provider-host-token incentive mechanics, though specialized for wireless infrastructure rather than compute.
Emerging players
- Aleph.im: Decentralized cloud platform providing compute, storage, and database services for dApps and Web3 applications. Comparable as a decentralized hosting network for dApps with provider-incentivized infrastructure, though smaller scale.
- Peaq Network: DePIN-focused Layer-1 blockchain providing infrastructure for decentralized physical networks with machine-to-machine economy features. Comparable as DePIN infrastructure targeting real-world applications and device networks.
- Holochain: Peer-to-peer framework where each user runs their own node hosting agent-centric applications with no global consensus. Comparable to Evernode's 'network of networks' / AppChain architecture where each dApp is a mini-blockchain maintained by its host set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Evernode social profiles
Digital presenceEvernode financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evernode leadership team
Management profileNumber of profiles
Profiles2 records
Evernode funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evernode M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evernode
What does Evernode do?
Evernode is a permissionless, decentralized physical infrastructure network (DePIN) that provides hosting infrastructure for decentralized applications (dApps). The platform enables dApps to be written in almost any programming language, deployed at any scale, read/write to disk and the web, fetch off-chain data, and run complex computations through its HotPocket runtime and Sashimono container layer. Hosts join the network by purchasing Membership NFTs from the Evernode Registry Hook on the Xahau Network, then lease hosting capacity to dApp developers via Hosting NFTs priced in the native Evers (EVR) token.
Is Evernode a public or private company?
Evernode is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Evernode founded?
Evernode was founded in 2023.
Where is Evernode based?
Evernode is headquartered in Griffith, Australia, in the Oceania region.
How does Evernode make money?
Three revenue lines are on record. Host Registration Fees are the primary driver. The others are hosting Fees (Evers) and evers Token Transactions.
Who are Evernode's main competitors?
Direct peers on record are Akash Network, Render Network, Flux, Phala Network, Filecoin and io.net. Helium is listed as a broad incumbent. Emerging players are Aleph.im, Peaq Network and Holochain.
Does Evernode have an API?
Yes. Evernode provides a JavaScript SDK (Evernode JS Client and Everpocket JS Client) that enables developers to build and interact with dApps on the Evernode network. The SDK includes client classes for Foundation operations, Heartbeat management, Registry operations, Host operations, and Tenant operations. It supports XRP/Xahau transaction handling, Evers balance checking, hook state management, cluster management, and consensus operations. Developer documentation is at docs.evernode.org/en/latest.
What industry is Evernode in?
Evernode's product category is Decentralized Infrastructure (DePIN) for dApp Hosting. Its primary akta.pro industry code is FSAPALAK, DePIN Orchestration, Scheduling & Middleware (resource discovery, job scheduling, workload orchestration), with a secondary code of FSAPALAJ, DePIN Hardware, Devices & Supply Chain (miners/routers/hotspots, firmware, device management). Its NAICS code is 51821 and its SIC code is 7370.