DeFi blockchain explorer platform DeBank has introduced DeBank Chain, a brand new layer-2 blockchain constructed on Optimism’s OP Stack.
Billed as an “asset later for social,” DeBank Chain is constructed as an optimistic rollup which claims to have diminished the “L1 knowledge storage fuel value by 100 to 400 occasions.” The OP Stack is a blockchain growth commonplace by Optimism group on which new layer-2 blockchains will be constructed.
DeBank, a DeFi portfolio visualisation and blockchain explorer platform for Ethereum and different EVM-compatible blockchains, launched the testnet of its layer-2 community immediately with plans “to roll out the Mainnet in 2024.”
DeBank’s social media objectives
In October 2022, DeBank rolled out an Ethereum L2 to facilitate DeBank Hello, a chat software embedded in its current pockets monitoring platform.
Customers on the platform are paid to obtain messages, making a “marketplace for consideration.”
DeBank has over 200,000 customers registered on its Ethereum layer-2 community, per a Dune dashboard by Stakeridoo.
The group plans to increase DeBank Hello from a messaging app to a social media platform, DeBank Stream, the place customers would obtain credit score for “invaluable contributions” on the platform.
The platform’s intention is to judge a “person’s exact consideration worth” primarily based on their social media interactions which is able to account for “each minute you invested, each publish you revealed or learn, each remark.”
Decrypt has reached out to DeBank for remark.
The OP Stack is increasing
DeBank has added to the record of recent layer-2s constructing on the OP Stack.
It consists of Coinbase’s Base, Andreessen Horowitz-backed Magi Protocol, and Binance-based BNB Chain, which launched a testnet constructed on the identical commonplace on June 19, 2023.
Keep on prime of crypto information, get each day updates in your inbox.
