Aave Founder's SocialFi Protocol Lens Launches Mainnet with 650K Users

SocialFi ecosystem Lens launched its mainnet Lens Chain, today, April 4, according to a press release shared with The Defiant. The ecosystem is migrating from Polygon to its own Ethereum Layer 2 (L2). To reach this point, developers led by Aave founder and CEO Stani Kulechov had to migrate more than 125 GB of data, including 12 million posts and 28 million social connections of more than 650,000 users. Launched in 2022, Lens protocol was designed to overcome the centralization and platform-favored monetization of traditional social media by providing a platform for decentralized social media DApps. But as the project grew, the release explains, “Lens needed a more scalable and cost-efficient solution tailored to its onchain social interactions.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io