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DeFi blockchain explorer platform DeBank has announced 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 information storage gasoline price by 100 to 400 occasions.” The OP Stack is a blockchain growth commonplace by Optimism crew on which new layer-2 blockchains could 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 at the moment with plans “to roll out the Mainnet in 2024.”
DeBank’s social media targets
In October 2022, DeBank rolled out an Ethereum L2 to facilitate DeBank Hi, a chat utility embedded in its present 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 crew plans to broaden 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 goal 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 printed or learn, each remark.”
Decrypt has reached out to DeBank for remark.
The OP Stack is increasing
DeBank has added to the checklist of latest layer-2s constructing on the OP Stack.
It contains 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.
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