Lens Protocol’s V2 Migration To Begin On October 30
Activity On Decentralized Social Media Platform Has Declined Substantially Since Q1
By: yyctrader •DeFi News
Lens, the decentralized social media platform from the team behind Aave, is migrating to its V2 mainnet. The process is set to begin on Oct. 30 and aims to deliver a more composable and developer-friendly ecosystem.
Lens users do not need to take any action and will automatically be able to access Lens V2.
“Migrating to the Lens API V2 alone means you are going to get at least 2x the speed and a more scalable system,” the team said.
Lens witnessed a surge in users and activity in the first half of this year, with daily posts peaking above 50,000 in April, according to a Dune dashboard.
However, activity has since dropped off dramatically to just 4,000 to 5,000 daily posts.
The migration process begins on October 30, with the Lens V1 API stopping to accept writes thereafter. It will only return old data and become read-only but remain active for three months until January 30, 2024.
The process of migrating on-chain data is expected to require approximately 20 million transactions behind the scenes. The migration order will depend on user activity and other factors, ensuring active and genuine users are prioritized. Some activities will be paused during the data migration to ensure safety.
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The migration is slated to end on or before November 13.