DEVELOPMENT

Will Lens Protocol Launch a Token? Coinbase has already shown the token page, and the founder has previously released the "Block Height" article.

share
Will Lens Protocol Launch a Token? Coinbase has already shown the token page, and the founder has previously released the "Block Height" article.

The social protocol Lens, built by the DeFi lending protocol Aave, was launched in May last year. Over the past few months, various applications have been introduced, allowing users to experience its social ecosystem by owning "Lens Protocol Profiles."

Is Lens Protocol Launching its Own Token?

Created by DeFi lending protocol Aave, the social protocol Lens was introduced in May last year and has rolled out various applications in the past few months. Users can freely experience its social ecosystem by owning "Lens Protocol Profiles".

According to data from Dune Analytics, Lens has accumulated around 100,000 users to date, with an average of about 27,000 monthly active users over the past six months.

On February 1st, Lens founder Stani Kulechov posted on Twitter with the message "Ethereum block height 16460695", leading the community to speculate that an airdrop snapshot was taken in block 16460695 on January 22 in preparation for Lens' token launch.

Furthermore, searching for Lens Protocol on the Coinbase exchange reveals a token-related page, but no information has been officially disclosed yet. However, this page seems to somewhat validate the speculation that Lens might be launching its own token.

With the announcement of these two positive developments, the trading volume of Lens Protocol Profiles has significantly increased, with an average price of 0.038 ETH rising by 20% in the past week.