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Exercise On Decentralized Social Media Platform Has Declined Considerably Since Q1
Lens, the decentralized social media platform from the workforce behind Aave, is migrating to its V2 mainnet. The method is ready to start on Oct. 30 and goals to ship a extra composable and developer-friendly ecosystem.
Lens customers don’t have to take any motion and can routinely be capable of entry Lens V2.
“Migrating to the Lens API V2 alone means you will get not less than 2x the velocity and a extra scalable system,” the workforce stated.
Lens witnessed a surge in customers and exercise within the first half of this 12 months, with each day posts peaking above 50,000 in April, in accordance with a Dune dashboard.
Nonetheless, exercise has since dropped off dramatically to only 4,000 to five,000 each day posts.
The migration course of begins on October 30, with the Lens V1 API stopping to simply accept writes thereafter. It is going to solely return previous knowledge and change into read-only however stay lively for 3 months till January 30, 2024.
The method of migrating on-chain knowledge is anticipated to require roughly 20 million transactions behind the scenes. The migration order will rely upon consumer exercise and different components, guaranteeing lively and real customers are prioritized. Some actions can be paused throughout the knowledge migration to make sure security.
Lens Ups Person Onboarding Forward Of V2 Migration
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The migration is slated to finish on or earlier than November 13.
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