Blockchain startup 5ire has launched its mainnet after a successful testnet phase, aiming to redefine blockchain’s environmental impact.

Layer-1 blockchain platform 5ire has launched its mainnet following a successful testnet phase, advancing its mission to drive environmentally sustainable blockchain development. According to a press release on Aug. 15, 5ire reported that its testnet achieved over one million on-chain transactions within the first month.

The network claims to process up to 1,500 transactions per second, returns 50% of gas fees to users, and features a sustainable Proof-of-Stake mechanism that rewards environmentally conscious practices.

The platform’s dual-chain architecture—compatible with Ethereum’s virtual machine—enables developers to create decentralized applications with a positive environmental impact.

“Our primary goal is to build a long-term, sustainable product with a proven track record.”

— Pratik Gauri, 5ire co-founder

Ecologically Friendly Blockchain

The network leverages its native token, dubbed 5ire Coins, to incentivize users to join 5ire as validators or nominators. Validators earn rewards by verifying transactions and producing new blocks, while nominators earn rewards by selecting and backing validators with their staked 5ire Coins.

Reward distribution is based on adherence to the network’s protocol and a commitment to sustainable practices, aligning with the U.N. Sustainable Development Goals. The project also boasts partnerships with various institutional clients, including the Government of India, which is integrating the platform into its school curriculum.

This launch follows 5ire’s $100 million Series A funding round two years ago, led by Sram and Mram, which elevated the startup’s valuation to $1.5 billion, making it one of the world’s first sustainable blockchain unicorns in India. The firm plans to use the funding to expand its operations across Asia, North America, and Europe.

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