Chainlyze Integrates Lens Protocol to Redefine Onchain Intelligence

by BSC News

May 8, 2024


Chainlyze revolutionizes onchain intelligence by integrating Lens Protocol, empowering users to track their portfolios and social interactions seamlessly. Join us in shaping the future of blockchain analytics and decentralized social networking.

Since launching our platform into the blockchain industry, the Chainlyze team has been working together to ensure the development of new tools to improve users' onchain experience. 


Along with the move towards improving our real-time onchain intelligence service, we are determined to establish new relationships and incorporate innovations and integrations. One of these is our recent integration with Lens Protocol. 


Exploring Our Integration with Lens Protocol

Chainlyze is excited to announce our integration with Lens protocol, a decentralized social platform, offering a permissionless framework for applications to create social media platforms within the web3 space. 


Lens is an established platform that empowers creators to own links between themselves and their community, forming a fully composable, decentralized social graph. Thus, users can create profiles and interact with each other via these profiles. Profiles typically represent Lens profiles controlled by users—standard crypto wallets. 


Part of the Chainlyze team’s goal is to equip users with the right tools to identify or monitor where smart money flows. Through our collaboration with Lens, users can now see their Lens profiles on the Chainlyze interface, allowing them to also monitor their social activities on the Web3 social platform while tracking their portfolios. 


Through the integration, Profile image, name, bio, etc, as shown in Lens Profile, will now be captured on the Chainlyze wallet profiler. Therefore, if your wallet is registered with Lens, it will appear when you connect your wallet to Chainlyze, allowing you to track your portfolio and transactions all in one place. 

Further, Chainlyze becomes the first Web3 portfolio tracker to integrate Lens and decentralized social into its ecosystem. The integration is live and users can experience it firsthand at app.chainlyze.ai. However, you need to have an active profile on Lens. 


Why Lens Protocol? 

Lens protocol is a leading decentralized social onchain platform in the industry. Lens is well-established and predicted to be the future of Decentralized Social. According to Dune Analytics, the platform boasts over 289K profiles and more than 4 million posts in its SocialFi landscape. 

Further, the platform is committed to building a decentralized social media landscape. As of June 2023, Lens raised a significant amount, in a funding round led by IDEO CoLab Ventures. According to reports, the protocol raised up to $15 million to accelerate the adoption of the next generation of Internet powered by human connection. 


Integrating the protocol into our onchain service provider showcases our intention to embrace the Web3 social ecosystem and expand our user base. Additionally, as part of our roadmap, we intend to extend our builds to Momoka, a blockchain scaling solution, that Lens is working on. 


Formerly called Bonsai, Momoka is Lens’ optimistic scaling solution that stores social media data offchain while verifying them onchain. The L3 solution processes transactions offchain utilising Arweave and Irys for their data availability layer. Data availability is needed for Momoka because it ensures that offchain data remains accessible and verifiable when needed for onchain settlement. 


We aim to utilize these Lens’ user-approved features to revolutionize the Chainlyze experience. As stated earlier, ensuring users are exposed and equipped with the right tools to identify or monitor where smart money flows is our ultimate goal. By introducing Lens profiles into our intuitive interface, users can now track their portfolios and monitor their social activity all in one place. 


Final Thoughts 

The future of blockchain analytics is here and we are excited to be adding value to blockchain enthusiasts by integrating the Web3 social landscape through our integration with Lens. 


This represents a convergence of cutting-edge technologies and a shared vision for the future of decentralized social networking.


The integration heralds a new era of onchain intelligence, where users have the power to navigate the blockchain landscape with confidence and clarity. Together, we are shaping the future of blockchain analytics and adding value to blockchain enthusiasts worldwide.


Join Chainlyze today: 

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Disclaimer: This article is written by a visiting author. Opinions herein are those of the visiting author. Nothing in this article is intended to constitute financial advice. The content of this article is intended for entertainment and educational purposes only. Investing in cryptocurrency carries a high degree of risk. Capital is at risk, and returns are never guaranteed. You should always do your own research.