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 decreased the “L1 knowledge storage fuel price by 100 to 400 occasions.” The OP Stack is a blockchain improvement normal by Optimism crew 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 at present 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 develop DeBank Hello from a messaging app to a social media platform, DeBank Stream, the place customers would obtain credit score for “worthwhile contributions” on the platform.
The platform’s intention is to guage a “person’s exact consideration worth” primarily based on their social media interactions which can account for “each minute you invested, each put up you revealed or learn, each remark.”
Decrypt has reached out to DeBank for remark.
The OP Stack is increasing
DeBank has added to the listing 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 normal on June 19, 2023.
