ChainCatcher news, according to the Dune dashboard, the user growth of the Web3 social network Farcaster has slowed down, with daily new users dropping from a peak of 15,000 in early February to about 650 now, comparable to Lens. Farcaster's daily active users (DAU) have decreased from a high of 100,000 in early July to 60,000, a decline of 40%. The number of posts and interactions has decreased by over 60% from their peak.

ChainCatcher news, Aave and Lens Protocol founder Stani Kulechov stated, "In light of the recent arrest of Telegram's CEO Pavel Durov, I have been reflecting on how to build a 'resilient approach' that can uphold various rights, even when these rights (such as freedom of speech and content moderation) may conflict with each other.First, when discussing resilient software, it is important to move away from the concept of 'decentralization.' 'Decentralization' is a term that can easily lead to misunderstandings, and its meaning is rarely agreed upon.Instead, the construction of social networks should focus on resilience. In fact, resilience means minimizing any potential single points of failure that could undermine or affect the functionality and integrity of the network. This concept is easier to understand and measure.For example, the most successful DeFi projects today are built this way. They do not necessarily aim to achieve a certain level of decentralization, but rather to ensure that protocols like Aave can withstand potential threats and single points of failure from various participants.A truly resilient social network is a system that is extremely difficult to penetrate or disrupt by any single entity or coalition of entities.Resilience ensures that participation in the network or protocol is safeguarded at all levels. The flow of information should be resilient against manipulation or biased censorship. Administrators should be protected from undue influence. Content should be able to resist deletion by operators and be fully controlled by its authors.Currently, blockchain technology provides a means to achieve resilience. At its core, blockchain ensures access control (who can write) and secure storage of value (assets). It can determine who can publish in the information flow, join communities, moderate content, serve as legitimate fact-checkers, and how funds are allocated within the network. Additionally, it enables a community-driven framework for selecting administrators or fact-checkers through voting mechanisms.For resilience to be effective, accountability and transparency are key. Transparent networks are more likely to ensure resilience, and if privacy is needed, guarantees like zero-knowledge proofs (ZK-proofs) can provide verifiability while ensuring transparency. Public blockchains have these features built-in.I believe that a truly resilient social network will unlock new interesting use cases, as developers will no longer have to worry about being shut down.These foundational principles will guide the development of Lens V3."

According to ChainCatcher news reported by TheBlock, Lens plans to launch its public testnet for ZKsync within the next one to two months, with the goal of migrating to the ZKsync network in the fourth quarter. Lens V3 will be launched shortly after the mainnet goes live and will feature some privacy functionalities, with the ultimate goal of providing further privacy features and offering users the option to monetize their data through AI-trained models.

ChainCatcher news, Lens Protocol is now integrated with OKX Web3 Wallet. Users can explore decentralized social interactions such as posting, commenting, and engaging through the OKX Web3 Wallet on Lens Protocol, and can create their own on-chain NFTs, with support for IPFS hosting, among other features. Lens Protocol is a composable decentralized social graph based on the Polygon network, launched by the decentralized lending protocol Aave, allowing users to create social media profiles and build new social media applications from them. It aims to reshape the concept of social media in the Web3 and decentralized era.It is reported that the OKX Web3 Wallet is an industry-leading one-stop Web3 gateway, now supporting over 95 public chains, with a unified experience across app, extension, and web, covering five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and has launched a Bitcoin inscription and rune trading market, among other features.

ChainCatcher news, Bloomberg TV's well-known host and economist Joe Weisenthal stated on social media that there has been a significant change in crypto culture over the past 5-6 years. The once idealistic discussions about blockchain democracy, universal basic income (UBI), and an open internet are now dominated by finance and meme coins.In response, Vitalik Buterin stated that many idealistic open internet projects have made significant progress, such as Farcaster, Lens, quadratic funding, retroactive funding, Zupass, privacy-preserving ETH sending methods, and ZK voting implementations.

ChainCatcher news, according to sources cited by DL News, ZKsync has promised to provide a large amount of tokens to Lens for building on the protocol. The specific number of tokens is unclear, but those competing with ZKsync to attract Lens to join their blockchain indicated that they withdrew from the bidding war after Lens representatives stated that the offer they received was about 0.5% of the total supply of the recently launched ZK tokens. Based on the current ZK token price of approximately $0.21, this amounts to $22.4 million.

ChainCatcher news, according to DLNews, informed sources revealed that Avara founder and CEO Stani Kulechov is seeking to raise $50 million from American venture capital firms to fund the social media platform Lens Protocol, which will bring Lens Protocol's valuation to $500 million.When asked about the token issuance of Lens Protocol, Kulechov stated, "we haven't gotten to that point yet." The current main goal is the upcoming Lens Network, a native network built on the ZKsync technology stack.

ChainCatcher news, Stani Kulechov, the founder of the Web3 social protocol Lens Protocol, shared a series of recent developments regarding Lens on the X platform:Over 350,000 Profiles have been created on-chain;The number of daily on-chain interactive users once reached 20,000 (excluding application-specific DAU, such as opening the app, scrolling the feed, etc.);There is a strong diversity of applications on Lens, as there is no main entry application from the Lens team (the team takes a neutral stance at the application level);The protocol treasury has remained relatively stable during market fluctuations;The most popular Open Action is still being collected (tips and swaps have increased);The annual revenue of average monetizing users is $2,000;The annual revenue of top monetizing users ranges from $18,000 to $20,000;Collectors spend $40 per month, with the top 25 spending $6,500 per year.Previous news, the team behind Lens Protocol, Lens Lab, announced that they are developing a blockchain network called Lens Network. The new network will be built on Matter Labs' ZK Stack and supported by zkSync on Ethereum.

ChainCatcher news, according to CoinDesk, Lens Lab is a project led by Aave founder Stani Kulechov and is the team behind the Web3 social platform Lens Protocol built on Polygon PoS. They announced that they are now developing their own blockchain network, Lens Network, which will be built on Matter Labs' ZK Stack and supported by zkSync on Ethereum.

ChainCatcher news, according to official sources, the blockchain analytics platform Dune Analytics has added support for Lens Protocol data.The relevant dashboard shows that there are currently a total of 295,692 Profiles, 290,906 Handles created on Lens, with 13,359,911 Publications and 31,522,368 Reactions. In addition, the daily average number of interactive users has reached 11,539.

ChainCatcher news, according to Dune data, as of March 7, the total number of Lens Profiles NFTs minted has reached 232,553, with a total of 222,591 holding addresses.On February 28, the day Lens Protocol announced its entry into "permissionless" mode, the number of Lens Profiles NFTs minted was 37,071.

ChainCatcher news, the Web3 social protocol Lens Protocol has initiated LIP-6, which aims to standardize the onboarding process for new users and stipulates a standardized fee for all applications built on the Lens platform.The proposal states that currently, to reduce the potential risk of bot spam within the platform, new users are required to make a one-time payment to create a profile, with the transaction fee set at 8 MATIC or 10 USD. However, various applications such as Hey and Tape charge different fees for their respective onboarding processes. The proposal suggests a 50/50 split of the fees, with 50% of the fees going directly to the Lens treasury to support the broader sustainability of the platform, while the remaining 50% will be allocated to the designated wallets of the respective applications.

ChainCatcher news, according to The Block, the Web3 social protocol Lens Protocol has entered the "permissionless" phase, allowing all users to create on-chain profiles and join the platform. Users can pay 10 MATIC (approximately $10.3) or use a credit card for payment.

ChainCatcher news, the Lens ecosystem project lensta announced the sale of its application, which includes the complete codebase for both mobile and web versions, an 8-hour developer guide and insights, all social media accounts, as well as Figma files and brand materials. The sale price is set at 8.88 ETH.It is reported that lensta also includes some activity and download metrics data for the application, providing references for potential buyers.

ChainCatcher news, the Web3 social protocol Lens Protocol announced on social media that V2 is now live on the mainnet, and the first phase of migration has been completed.