Lens Protocol Hits Milestone with Over 100K Profile Owners and Record Engagements

Lens Protocol has reached a major milestone with over 100K profile owners. The platform also saw a record number of engagements in January, demonstrating a growing user base and increased usage
  1. Lens Protocol has reached a major milestone of over 100,000 profile owners, indicating growing interest and adoption of the decentralized social graph platform.
  2. The platform saw a record number of engagements in January, with 299,446 posts, 63,914 comments, and 111,215 mirrors.
  3. Lens Protocol is built on top of the Polygon blockchain, which saw a surge in NFT activity in January.

Lens Protocol, the decentralized social graph built on the Polygon blockchain, has reached a major milestone with over 100,000 profile owners.

Lens Protocol Hits Milestone with Over 100K Profile Owners. Source: Dune/niftytable

The platform, which was launched by the team behind DeFi platform Aave in February 2022, recently added a new feature called Token Gated Publication which allows users to token-gate their content.

In January, Lens saw a record number of engagements with 299,446 posts, 63,914 comments, and 111,215 mirrors. Over 25% of the total profiles made 10-50 engagements and 5.6% made 50-100 engagements, leading to a total of 1,196,531 posts and 394,165 comments on the platform.

Lens engagements per Month. Source: Dune/niftytable

The month of January was a strong one for ETH and Matic NFTs on OpenSea, with Polygon dominating the number of NFTs sold and ETH reaching $444 million in monthly volume. According to a January NFT report by NFTgators, Ethereum and Polygon NFTs saw a significant rise in value as the lending ecosystem reached new heights.

This surge in activity on the Lens Protocol platform comes amidst growing interest and investment in the NFT and DeFi spaces.

****

Stay up to date:

Follow our On-Chain NFTs section to get daily NFT insights you won’t get anywhere else.

Subscribe to our newsletter using this link – we won’t spam!

Previous Post

Archimedes Pounces on the NFT Lending Growth with a $4.9M Seed Round

Next Post

Amazon in the Hunt for a Senior Web3 Go-To-Market Specialist to Join AWS

Related Posts

NFT On-Chain Update: Ordinals Inscriptions, Top Sales, and Blur’s Native Token Launch

A total of 105,628 Ordinals were inscribed on the Bitcoin blockchain, with image inscriptions being the most common at 88.12%. The collection with the highest 24-hour NFT sale was the Polygon-based collection, which made 842 ETH in 7 days, with 1,365 sales averaging 0.61 ETH per sale. Finally, Blur experienced a 90-day high in daily sales, with 29,442 sales and 0.3 ETH per sale made by 5,505 users.
Read More
Total
0
Share