Lens Chain Launches on Elastic Network with Major Data Migration
Lens Chain Launches on Elastic Network with Major Data Migration
🔍 Social Graph's Great Migration
Lens Chain has successfully launched on the Elastic Network, completing one of blockchain's largest data migrations - 650K users and 125GB of data.
Key features:
- Gasless user experience
- Onchain content storage
- Modular social primitives
- Portable social graph
Technical highlights:
- Powered by zkSync and Avail Project
- Validiums for low fees
- ZK proofs for security
- Account abstraction (no seed phrases)
For developers, Lens offers plug-and-play social primitives, no-code modules, and stable gas fees through Grove storage.
1/ Lens Chain is live on the Elastic Network! This is more than just SocialFi onchain - it’s one of the largest data migrations in blockchain history! 650K users, 125GB of data. Seamlessly migrated. 🧵 Let’s break it down:
ICYMI: Lens Chain is live on the Elastic Network. @LC is SocialFi at scale: ✅ Portable social graph ✅ Plug-and-play social primitives for builders ✅ Purpose-built for social Put on your viewing lenses--this vid from @TheZKnomist breaks it down.
Lens Chain (@LC) just launched its mainnet and completed one of the most impressive data migrations in Web3 history! This is not just technical progress. It is a clear move toward becoming the top SocialFi chain. 🔥 Watch this video to learn more about it:
ZKSync Airdrop Contract Exploit Limited to 111M Tokens, Protocol Remains Secure
A compromised admin account exploited ZKSync's airdrop distribution contracts, minting approximately 111M unclaimed ZK tokens (~0.45% of total supply) worth ~$5M. Key points: - Exploit contained to airdrop contracts only - No further token minting possible - Main protocol, ZK token contract, and governance systems unaffected - User funds were never at risk The attacker still holds majority of funds at address: [0xb1027ed67f89c9f588e097f70807163fec1005d3](https://era.zksync.network/address/0xb1027ed67f89c9f588e097f70807163fec1005d3) ZKSync team is coordinating with exchanges and @_seal_org for recovery. Attacker encouraged to contact security@zksync.io to negotiate return.
Goldman Sachs and Major Institutions Discuss Tokenization Future at NYC Conference
At The Institutional Crypto Conference NYC, representatives from major financial institutions gathered to explore the current implementation and future of tokenization. The panel featured speakers from Goldman Sachs, Figure Markets, DTCC, and Ozhar. This discussion follows Goldman Sachs' earlier announcement of three tokenization projects planned for deployment. The increasing participation of traditional financial institutions signals growing mainstream acceptance of digital asset infrastructure. - Key participants included leaders from major financial institutions - Focus on practical implementation of tokenization - Builds on Goldman's planned tokenization initiatives *The convergence of traditional finance and digital assets continues to accelerate.*
Matter Labs Speaking at EtherArgentina
Matter Labs representative @alcitocampenni is scheduled to present at EtherArgentina in Córdoba. The talk will focus on **Elastic Network interoperability** and practical real-world applications. This continues Matter Labs' engagement with the Argentine crypto community, building on Ethereum's growing presence in the region.
Nana Murugesan and Jeremy Allaire Discuss ZK Proofs on The Money Movement Podcast
Nana Murugesan joins Jeremy Allaire on The Money Movement podcast to explore zero-knowledge (ZK) proofs. The discussion covers: - The necessity of ZK-proofs for Ethereum scaling - ZK-powered applications in privacy and identity - How ZK technology is facilitating institutional adoption of blockchain This episode follows a recent trend of industry leaders discussing ZK technology. Previously, Sandy from Scroll emphasized the importance of developer-friendly tooling to drive real-world adoption of ZK proofs. **Listen to the full episode:** [YouTube Link](https://www.youtube.com/watch?v=oL7NM6chBQM)
ZKSync Ecosystem Thrives Amidst Market Downturn
Despite the broader crypto market experiencing a bearish October, the ZKSync ecosystem is bucking the trend with significant developments: - Continuous shipping of new projects and updates - Strong ecosystem growth, contrasting with general market sentiment - Multiple initiatives launched, represented by letters: R Z I X Q S T C C P G This 'Octobull' for ZKSync highlights the resilience and progress of zkRollup technology on Ethereum Layer 2, even in challenging market conditions. Stay tuned for more updates on ZKSync's ecosystem expansion and its impact on Ethereum scalability.