Scaling Decentralized Social Is Tough — Lens Protocol Claims to Have a Solution

‘Momoka’ stores transactions off-chain to achieve higher transactions per second, the team says

article-image

StockStyle/Shutterstock.com modified by Blockworks

share

Twitter at peak usage, might process 25,000 transactions per second. For a Web3 social layer to compete, it must be able to handle a similar number without sacrificing the ideals of decentralization: user sovereignty and security.

Lens Protocol, a leading attempt at a decentralized social graph, launched Momoka, an attempt to address its scaling needs with what is described as “an optimistic layer-3 hyperscaling solution.”

Momoka — which is available in closed beta for developers as of Wednesday — will potentially reduce gas costs and increase data throughput for the Polygon proof-of-stake-based social protocol, by allowing builders to store transactions off chain, the developers at Aave, the company that created Lens Protocol, said in a statement.

“To be competitive with web2, decentralized social must scale. With the ability to support mass consumer adoption, we’ll see continued web3 innovation,” said Stani Kulechov, CEO of Aave Companies and founder of Lens Protocol.

Despite these transactions being moved off the Polygon proof-of-stake chain, with Momoka they will be available and verifiable via off-chain storage layers, to cut down on limitations associated with blocktime and blockspace, according to the statement. 

A Lens Protocol blog post further explained that these “data availability layers” can hold more information for on-chain assets such as NFTs.

“Storing data on-chain is expensive, and EVM machines can only process a limited number of transactions per block based on maximum gas limits a block is configured to handle,” it said.
Blockworks previously reported that Lens Protocol had over 100,000 users as of February and were working to bring over 100 applications to market, including decentralized Twitter alternative Lenster.

Updated April 27, 2023 at 6:20 pm ET: Lens Protocol changed the name of its layer-3 scaling solution from Bonsai to Momoka on April 27, a day after the initial launch.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Research Report Templates (1).png

Research

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

article-image

Analysts are looking ahead to August, a historically volatile month made more interesting this year by the US presidential election

article-image

Plus, a look into Lighting Labs’ newest feature

article-image

Crypto’s Wild West era is over — it’s time to embrace regulation to secure the future of digital assets

article-image

Plus, Solana has now surpassed Ethereum in trailing 30-day decentralized exchange volume

article-image

Polymarket betters say Kamala Harris has better odds than Biden of winning against Trump