📝 Editor’s Note:
Welcome to OurNetwork’s latest edition covering onchain culture.
In these issues we explore the less financial, more intangible sides of the crypto space. These applications are especially important as projects battle to make crypto relevant to everyday users, rather than those in the proverbial trenches.
This issue specifically features contributions covering two major players in the onchain social space, as well as consumer applications and key infrastructure.
Let’s get into it.
– ON Editorial Team
Onchain Culture 🌐
Lens | Farcaster | Rodeo | Safe | Dripster
Lens 🌱
👥 Maria Paula Fernández | Website | Dashboard
📈 Lens Chain and Lens V3 Launched Less than Four Weeks Ago as New Trends for SocialFi Emerge
Lens is a purpose-built platform for social finance (SocialFi), including chain, protocol and storage. Since its Apr. 4 launch, users have bridged more than 1M GHO, the decentralized stablecoin, to Lens Chain. Lens protocol, a set of primitives designed for social applications, has been live since 2022. GHO, backed by deposits in Aave, is the gas token on Lens Chain — users can also use GHO to collect and tip on Lens.
GHO adoption on Lens Chain has surpassed adoption on Ethereum's mainnet by more than a multiple of six. Total GHO holders on Ethereum mainnet are 4.3k at time of writing, while on Lens Chain there's 27k holders. This strengthens the case for stablecoins' use as gas tokens, a trend which would further GHO's adoption.
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