Lens Chain Mainnet Launches Today with Enhanced SocialFi Features
Lens Chain has launched its mainnet V3 after migrating from the Polygon sidechain to its own Layer 2 chain on the zkSync Elastic Network. Key points include:
- The migration was motivated by costs and scalability, with transaction fees on Lens Chain being 30 to 50 times lower than on Polygon.
- Lens Protocol was compensated with 0.5% of the total ZK token supply, valued at approximately $6.5 million.
- The migration involves transferring around 125GB of historical data and over 12 million content posts.
- Users can enjoy near-zero gas fees, paying in Aave's GHO stablecoin, with all social data stored on-chain through a new infrastructure called Grove.
- Lens aims to attract app builders, particularly Web2 developers, focusing on social and finance applications.
- Current stats show Lens has about 650,000 user profiles and 28 million social connections.
Lens' strategy emphasizes a modular social protocol that allows for decentralized user control and monetization without gatekeepers.