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Web3 asset tracking platform DeBank launches DeBank Chain! Testnet now open for public use, mainnet to launch next year

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Web3 asset tracking platform DeBank launches DeBank Chain! Testnet now open for public use, mainnet to launch next year

The web3 investment portfolio tracking platform DeBank has announced the launch of the DeBank Chain project. A testnet has been released, which can be easily accessed through Rabby Wallet. The mainnet is expected to go live in 2024.

DeBank Announces Launch of DeBank Chain

According to DeBank's Twitter, the DeBank Chain they plan to launch aims to become an asset layer built for social.

The DeBank Chain is developed based on the OP open-source code OP Stack, focusing on solving three key issues while maintaining strong security:

  • Minimizing Gas Costs: The consensus mechanism has been modified to reduce the Gas cost of a single transaction by 100 to 400 times.
  • Providing a native experience similar to account abstraction: Integrated a system similar to account abstraction and remains 100% compatible with the current EVM standard.
  • Ensuring the security of L1 assets: The new account system supports transaction signing using L2 private keys, reducing the usage of L1 private keys to enhance asset security.

How to Use the DeBank Chain Testnet?

If you want to try the DeBank Chain testnet, it is recommended to use the browser extension wallet Rabby Wallet also launched by DeBank.

Rabby Wallet has already integrated the DeBank Chain. Simply enable the testnet functionality in the "More" options to use it, and you can also claim Gas tokens for the testnet at the top, receiving $0.1 daily.