More than 350,000 Profiles have been created on Lens, with an average daily interaction of 20,000 users

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.