DeBank Chain: A New Layer-2 Blockchain for Social Assets
DeFi blockchain explorer platform DeBank has introduced DeBank Chain, a layer-2 blockchain developed on Optimism’s OP Stack. Here are the key points:
– DeBank Chain aims to be an “asset layer for social” and is built as an optimistic rollup, significantly reducing L1 data storage gas cost.
– The OP Stack, a blockchain development standard by Optimism, allows the creation of new layer-2 blockchains.
– DeBank, known for its DeFi portfolio visualization and blockchain explorer platform, has launched the testnet of its layer-2 network with plans for a Mainnet release in 2024.
– DeBank’s social media goals include expanding its existing chat application, DeBank Hi, to become a social media platform called DeBank Stream.
– Users on the platform can earn rewards for receiving messages, creating a market for attention and evaluating a user’s precise attention value based on their social media interactions.
Furthermore, DeBank is not the only platform building on the OP Stack, as other projects like Coinbase’s Base, Magi Protocol, and BNB Chain have also adopted this standard.
Hot Take:
DeBank’s introduction of DeBank Chain as a layer-2 blockchain for social assets signals the platform’s ambitions to expand beyond its current offerings. By leveraging optimistic rollups and reducing gas costs, DeBank aims to create a more efficient and rewarding social media experience for its users. As the DeFi space continues to evolve, the integration of blockchain technology into social platforms could revolutionize how we interact and monetize our online presence.
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