Mask Network recently experienced a big dump in price, as investors witnessed a dump of 52% in one 4h candle on Friday, last week.
Investors are keen to know if this dump will be retraced, considering that many altcoins are bouncing, due to the recent surge in price of Bitcoin. Let’s find that out in detail in this Mask Network price prediction.
Table of Contents
What is Mask Network?Mask Network price predictionMask Network coin price prediction: short-term outlookMask Network price prediction 2025Mask Network price prediction 2030 Since its launch, Mask Network (MASK) has seen an all-time high of $97.92, followed by a -5867.2% drop in price. At the time of writing, it is now trading at $1.39, which is around a 70% decrease from its price of $4.7352, which was recorded four months ago in December 2024.
MASK 1d chart | Source: crypto.news In this article, we’ll discuss MASK price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.
What is Mask Network? Mask Network is a protocol that enables users to transmit encrypted communications via Facebook and Twitter. In essence, it serves as a link between a decentralized network operating on top of the Internet.
When Mask Network was first introduced in July 2019, its primary application was to enable users of Facebook and Twitter to encrypt posts on these social media sites. Subsequently, HashKey and Hash Global co-led a $2 million investment round in November 2020, while Digital Currency Group and Fundamental Labs participated in a subsequent $3 million funding round in February 2021.
Mask Network now allows Gitcoin grant campaigns to be funded straight from Twitter. It also intends to provide decentralized storage and peer-to-peer payments. Known as a decentralized Applet (DApplet) ecosystem, it is a decentralized portal that enables users to use DApps such as cryptocurrency payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs), and decentralized organizations (DAOs) on top of pre-existing social networks without migrating.
Now let’s discuss MASK price prediction for this year and in the coming years as well.
What can be a realistic projection for the MASK token? Let’s dive into the MASK price prediction for 2025 and 2030.
Mask Network coin price prediction: short-term outlook According to CoinCodex’s Mask Network price prediction for the near future, the token is projected to rise by 41.61% and reach $2.36 by July 10, 2025..
As of June 10th, 2025, the overall sentiment of the MASK price outlook has shifted slightly bearish, with 17 technical analysis indicators displaying bearish signals, 11 indicating bullish trends, and 7 indicators showing neutral forecasts.
Mask Network price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the MASK token’s price could fluctuate between $1.47 and $3.61, and may likely hold a yearly average of $2.83.
CoinCodex projects that the MASK token can trade in the price channel of $1.636636 and $1.636636 in 2025.
While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in MASK or any other cryptocurrency with the hopes of gaining on your investment in 2025.
Mask Network price prediction 2030 As per CoinCodex’s Mask Network crypto price prediction for 2030, MASK’s price could vary between $3.58 and $4.57.
DigitalCoinPrice expects that MASK’s price could climb to $4.84 or $5.99 by the end of 2030.
Before trusting any source that is trying to predict the MASK price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the MASK token’s price can be highly volatile.
2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including MASK. A great way for MASK to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space. You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the MASK token.
Is Mask Network a good investment? Before investing in any cryptocurrency, including MASK, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a token that was once considered the future may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the MASK token.
Will Mask Network go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on.
While it is hard to determine how high the MASK token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general.
It is also vital that you rely on financial experts and consult them for Mask Network price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low MASK can go.
Should I invest in Mask Network? Before investing in any cryptocurrency or trusting any Mask Network price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment, and their success not only relies on market volatility but also the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the MASK token.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
PANews reported on January 9th that, according to Chainwire, TBook, an embedded RWA liquidity layer, announced the completion of a new funding round led by SevenX Ventures, valuing the company at over $100 million. This round also attracted participation from Mask Network, a well-known family office, and existing investors, bringing TBook's total funding to over $10 million. Following this latest funding round, TBook's investors include SevenX Ventures, the Sui Foundation, KuCoin Ventures, Mask Network, HT Capital, VistaLabs, Blofin, Bonfire Union, LYVC, and GoPlus, among others.
The protocol plans to conduct a token generation event (TGE) in the first quarter of 2026. TBook is building an embedded RWA liquidity layer that intelligently connects asset issuers with qualified users through on-chain reputation infrastructure. TBook's infrastructure is built on a proprietary three-layer architecture: the identity layer (incentive passport and vSBT), the intelligence layer (WISE credit scoring), and the settlement layer (TBook Vault).
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
PANews reported on January 20th that Lens has announced the completion of its phase in validating the feasibility of a user-owned decentralized social network. The focus of its ecosystem development will shift from protocols and infrastructure to consumer applications and user adoption. Mask Network is seen as the successor to Lens in the next phase, dedicated to advancing decentralized social networking from technological experimentation to everyday use. Stani and Avara will continue to serve as advisors to Mask founder Suji Yan and his team.
Author: PA一线
This content is for market information only and is not investment advice.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Update Jan. 23, 9:00 am UTC: This article has been updated to add comments from an Aave spokesperson.
Decentralized finance (DeFi) protocol Aave transferred stewardship of the social infrastructure protocol Lens to Mask Network, shifting responsibility for advancing consumer-facing social applications while retaining Lens as open-source infrastructure.
Statements from both Lens and Aave founder Stani Kulechov confirmed the transition. On Tuesday, Kulechov said in an X post that Aave’s role will narrow to technical advisory support as it refocuses on DeFi.
He added that Mask Network, a Web3 company focused on integrating blockchain features into social and messaging platforms, will be leading the next phase of development for Lens, particularly at the application and product layer.
While the announcement framed the move as a change in “stewardship,” neither Lens nor Aave characterized it as an acquisition or exit from social infrastructure.
An Aave spokesperson told Cointelegraph that Lens’ infrastructure phase is effectively complete, with responsibility now shifting fully to Mask Network. “All functions move to Mask,” the spokesperson said.
The spokesperson clarified that the transition includes the transfer of Lens-related assets while preserving its open design.
“The IP, chain, website and Lens X handle moved to Mask, and Lens remains permissionless infrastructure that supports personal identity and ownership over the social graph and data,” the spokesperson told Cointelegraph.
Source: Stani Kulechov
How responsibilities shift under the Lens transitionUnder the new setup, Mask Network assumes responsibility for consumer-facing execution, including product roadmap decisions, user experience design and day-to-day operational leadership for social applications built on Lens.
This includes advancing apps such as Orb and shaping how Lens-based products are positioned and distributed to end users.
Lens and Aave said the protocol’s underlying components, including its onchain social graph, profiles, follows and smart contracts, will remain open-source and permissionless.
There was no indication of a transfer in protocol ownership, intellectual property, treasuries or governance control as part of the transition.
Aave said it will continue to act as a technical adviser, offering input on protocol-level decisions without leading product development. The move narrows Aave's role from building and operating social products to maintaining its social infrastructure.
Lens’ infrastructure-first vision predates the handoverFrom its earliest days, Lens Protocol was framed as infrastructure. In 2022, Aave launched Lens as a Web3-native social protocol designed to give users ownership over their social identities and content through onchain profiles and non-fungible tokens (NFTs).
That positioning was reinforced in later updates. In 2023, Kulechov said Lens Protocol was not intended to function as a front-end platform but as a shared social layer that allows applications, both Web3 and Web2, to connect to a common social graph and user base.
At the time, Kulechov told Cointelegraph that Lens' shared audience could help developers overcome the "cold start" problem faced by new social platforms, while allowing multiple apps to coexist without competing for locked-in users.
Vitalik Buterin backs decentralized social amid Lens transitionFollowing the Lens stewardship transition, Ethereum co-founder Vitalik Buterin praised Lens’ evolution, saying the Aave team “has done a great job stewarding Lens up to this point” and that he is “excited about what will happen to Lens over the next year.”
Buterin also commented on decentralized social platforms, arguing that competition enabled by shared data layers is critical to improving online discourse.
In a post published on Wednesday, Buterin said that “if we want a better society, we need better mass communication tools.” He added that decentralization enables this by allowing “a shared data layer, with anyone being able to build their own client on top.”
Buterin said he has already returned to decentralized social platforms in 2026, noting that every post he has made or read this year has been through Firefly, a multi-client that supports Lens, Farcaster, X and Bluesky.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
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Aave transferred Lens stewardship to Mask Network while refocusing on DeFi development. Mask will lead consumer product execution, including Lens-based social apps like Orb. Lens remains open-source and permissionless, with Aave staying involved as a technical adviser. Aave, the decentralized finance giant, has transferred the responsibility of managing the social infrastructure protocol Lens to Mask Network, delegating consumer-facing execution while moving back to an advisory role that focuses on the infrastructure of the protocol. This marks a new strategy for Aave, which now wants to focus on the development of DeFi rather than being at the forefront of social product development.
Statements from Lens and Aave founder Stani Kulechov confirmed the transition. In a Tuesday post on X, Kulechov said Aave will narrow its involvement to technical advisory support as it concentrates resources on its core DeFi mission. Meanwhile, Mask Network will take responsibility for driving the next phase of Lens development, especially at the product layer, where consumer adoption is won or lost.
The press release presented the transition as a “stewardship” handoff, rather than an acquisition. Neither side characterized the transition as a sale, shutdown, or exit of social infrastructure. Rather, both sides highlighted continuity: Lens remains open-source, permissionless, and intended as shared infrastructure for multiple social applications.
Mask takes charge of consumer execution In the new structure, Mask Network will be at the forefront of consumer-facing product work in Lens-based apps and experiences. This includes setting the direction for product roadmap, optimizing user experience design, overseeing day-to-day operational leadership, and influencing distribution strategies for Lens-enabled social tools.
Mask’s role also includes the acceleration of consumer apps such as Orb, as well as the definition of how Lens apps will reach mainstream users, aside from the crypto-native audience. Since Mask already focuses on integrating Web3 tools into social and messaging platforms, the handover aligns with its existing product DNA.
At the same time, Lens will keep its infrastructure-first architecture intact. The protocol’s foundational components, its on-chain social graph, profiles, follows, and smart contracts will remain open-source and permissionless. Developers can still build clients and applications without requiring approval, preserving Lens’ original goal of enabling an ecosystem rather than a single platform.
Aave stays involved, but limits scope Aave will not disappear from Lens, but it will change posture. Instead of leading product development, Aave will act as a technical adviser, contributing input on protocol-level decisions. This shift narrows Aave’s role from building and operating consumer products to supporting infrastructure stability and architectural direction.
Lens and Aave did not indicate any transfer of governance control, protocol ownership, intellectual property rights, or treasuries as part of the transition. That detail matters because it suggests the protocol stays structurally neutral while stewardship focuses on execution rather than control.
Lens always aimed to function as infrastructure Lens’ positioning as infrastructure predates the handover. Aave initially launched Lens Protocol in 2022 as a Web3-native social layer that enables users to own identity and content through on-chain profiles and NFT-based primitives.
In 2023, Kulechov further clarified this notion, stating that Lens was never intended to function as a self-contained front-end solution. Rather, the goal of Lens was to serve as a common social layer that would enable multiple applications, both Web3 and Web2, to connect to the same social graph. This approach helps solve the “cold start” problem in social, where new platforms struggle because they start without users or relationships.
Vitalik backs decentralized social and Lens momentum Following the transition, Ethereum co-founder Vitalik Buterin publicly supported Lens’ evolution. He praised Aave’s stewardship, said the team “has done a great job,” and expressed excitement about what Lens could become over the next year.
Buterin also used the moment to highlight why decentralized social matters. In a Wednesday post, he argued that society needs better mass communication tools, and decentralization can help by enabling competition on top of a shared data layer. With open social graphs, developers can build alternative clients without forcing users to abandon identities and networks.
He further added that he has already gone back to decentralized social media platforms in 2026 and that he has been using Firefly, which is a multi-client supporting Lens, Farcaster, X, and Bluesky, for his posts and readings this year.
For Lens, the shift puts a consumer-focused operator at the helm while keeping infrastructure open. For Aave, it strengthens a return to DeFi-first execution. And for decentralized social, it signals a new phase where the battle shifts from protocol design to user experience and distribution.
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Hassan Shittu
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Hassan Shittu
Part of the Team Since
Jun 2023
About Author
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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Last updated:
January 21, 2026
Aave has handed stewardship of the Lens Protocol to Mask Network, marking a strategic shift that narrows Aave’s focus back to decentralized finance.
This will place the next phase of decentralized social development in the hands of a team more tightly focused on consumer-facing execution.
The transition was confirmed this week by statements from Aave and Lens founder Stani Kulechov, as well as from Mask Network.
Aave Keeps Advisory Role while giving Lens App Development to Mask Network Kulechov said Aave’s role in Lens will now be limited to technical advisory support, describing the move as a refocus rather than a retreat.
He explained that Aave initially expanded beyond onchain financial primitives to build social primitives that users could own, resulting in the creation of Lens.
Over the years, we have built some of the most important onchain financial primitives. We later expanded that ambition to social primitives that users truly own.
We built the Lens Protocol and its underlying onchain rails, including state-of-the-art decentralized data storage… https://t.co/g0zLIUlaBh
— Stani.eth (@StaniKulechov) January 20, 2026 The original aim, he said, was to create neutral social infrastructure that developers could rely on to build consumer-grade applications capable of reaching mainstream users.
With that foundation now in place, stewardship is shifting to Mask Network, which will lead development at the application and product layer while Aave returns to its core expertise in DeFi.
Both Aave and Lens emphasized that the move is not an acquisition, sale, or exit. There was no indication of a transfer of protocol ownership, intellectual property, treasuries, or governance control.
Lens’ core components, including its onchain social graph, profiles, follows, and smart contracts, will remain open-source and permissionless.
Aave said it will continue to provide input on protocol-level decisions but will no longer lead product development or operate social applications directly.
Mask Network, a Web3 company known for integrating blockchain features into social and messaging platforms, will now assume responsibility for consumer-facing execution.
This includes product roadmap decisions, user experience design, and day-to-day operational leadership for social applications built on Lens, such as Orb.
In a statement announcing the transition, Lens said the ecosystem’s next phase requires less protocol experimentation and more focus on unified social experiences that can operate at scale and meet user expectations.
Lens was launched by Aave in 2022 as a Web3-native social protocol designed to give users ownership over their social identities and content through onchain profiles and NFTs.
From the outset, it was positioned as infrastructure rather than a standalone social network.
Since launch, Lens has grown into one of the most widely used decentralized social protocols. Early builder adoption was rapid, with more than 50 projects built on Lens shortly after launch.
By early 2023, the protocol had surpassed 100,000 minted profiles and supported more than 120 applications.
Lens later migrated to Polygon mainnet, rolled out V2 and V3 upgrades, and introduced Lens Chain, a purpose-built network powered by ZKsync and Avail, aimed at improving scalability, speed, and monetization.
Lens uses GHO as gas, enabling near-instant, low-cost transactions, and includes decentralized storage through Grove and features like Family Accounts.
The handover to Mask Network comes as decentralized social regains attention across the crypto industry.
Ethereum co-founder Vitalik Buterin said he plans to spend more time on decentralized social platforms in 2026, arguing that better mass communication tools are needed and that decentralization enables competition by allowing multiple clients to build on shared data layers.
In 2026, I plan to be fully back to decentralized social.
If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication… https://t.co/ye249HsojJ
— vitalik.eth (@VitalikButerin) January 21, 2026 Mask Network founder Suji Yan described the transition as aligned with the cypherpunk values at the heart of crypto, saying decentralized social should be part of everyday life rather than limited to financial products.
🫡🫡
Lens stands for decentralization and the cypherpunk spirit at the heart of blockchain/crypto.
Crypto shouldn’t be just financial products — it should be part of everyday life, in every post, every interaction. Own your post – and make SocialFi great again.
Honored to… https://t.co/EjR7PFqWjB
— Suji Yan 💜🔥🎭 (@suji_yan) January 20, 2026 He said Mask Network intends to focus on building consumer-ready SocialFi applications that bring Lens from infrastructure into daily use.
The Ethereum co-founder said he plans to post more on Lens this year and warned that many crypto social projects rely too heavily on tokens and hype.
Ethereum co-founder Vitalik Buterin said he plans to focus more on decentralized social media in 2026, arguing that better communication tools are needed and that decentralization can help create more competition online.
Buterin revealed in a post on X on Wednesday, Jan. 21, that he has already been using decentralized social tools this year through Firefly, a multi-client that supports reading and posting across platforms like X, Lens, Farcaster, and Bluesky.
In his post, Buterin linked to an announcement from Lens Labs, which said Mask Network will become the new steward of Lens as the project shifts toward building more consumer-friendly social applications.
“If we want a better society, we need better mass communication tools,” Buterin wrote. “We need mass communication tools that surface the best information and arguments and help people find points of agreement.”
Buterin said decentralization can make social platforms more competitive by using a shared data layer, allowing different teams to build their own apps on the same network. He also warned that many crypto social projects have focused too heavily on tokens and hype.
“Too often, we in crypto think that if you insert a speculative coin into something, that counts as ‘innovating’, and moves the world forward,” Buterin wrote. He cited Substack as an example of a model that can support high-quality content by letting users subscribe to creators.
Lens Labs emphasized in its announcement that “what the ecosystem needs now is not more protocols, but great consumer experiences.” It added that Mask Network will lead the next phase of Lens and focus on building products meant for everyday users, while Lens Labs shifts into an advisory role.
“In that role, we remain fully aligned with the mission to make open, scalable, user-owned social networks a core pillar of the future internet,” the announcement reads.
Buterin concluded his post by encouraging users to spend more time on Lens, Farcaster, and the broader decentralized social ecosystem. “We need to move beyond everyone constantly tweeting inside a single global info warzone, and into a reopened frontier, where new and better forms of interaction become possible,” he added.
MASK, the native token of the Mask Network, was trading around $0.60 on Wednesday, flat over the past 24 hours. Its market capitalization is about $60 million, according to CoinGecko.
Neynar acquires Farcaster from Merkle as founders step back. The move follows Lens shifting to Mask Network amid a broader SocialFi reset.
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The Farcaster platform is being acquired by one of the network's top infra builders, – crypto startup Neynar.
No terms were disclosed for the deal, which comes months after the Farcaster's founders announced they were pivoting the company away from its social app ambitions toward building its wallet app. The Ethereum-based protocol had been last valued at $1 billion.
What's the Scoop?Ownership Transfer: Neynar will take over the Farcaster protocol, the Farcaster app, and Clanker, the Base-based AI token launchpad acquired by Farcaster last year. The transfer is expected to complete over the next few weeks.Founders Step Back: Dan Romero and Varun Srinivasan, former Coinbase executives who founded Farcaster parent company Merkle in 2020, had been shifting focus to a wallet app since December.Broader SocialFi Shift: The acquisition comes the day after Lens Protocol (from Aave) announced Mask Network would steward its future, and alongside Vitalik Buterin's pledge to fully return to decentralized social in 2026.Bankless Take:This week marks a clear turning point for decentralized social. With Lens moving to Mask Network and Farcaster to Neynar, both protocols are entering new chapters under teams focused on product utility over token speculation. Vitalik's recent post captures the shift well: too many crypto social projects have confused "creating price bubbles around creators" with innovation, rewarding existing social capital rather than content quality. Neynar's builder-first pitch particularly stands out to me given the parts of Farcaster which brought me the most joy was the culture of hobby software development that spurred a miniapp and vibe-coding craze mid last year.Whether these new stewards can solve decentralized social's distribution problem remains to be seen, but the pivot away from tokens being the prime export of these networks feels to be a necessary step.
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Written by David Christopher
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David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
As X rolls out mass bans and enforcement crackdowns, a familiar question is surfacing across crypto Twitter: if centralized platforms remain this fragile, where does crypto social really go next?
That question took center stage in a recent WuBlockchain Podcast interview featuring Ethereum co-founder Vitalik Buterin and Mask Network founder Suji Yan, where both laid out why decentralized social networks have struggled and why the next phase may look very different from past SocialFi experiments.
Vitalik didn’t sugarcoat the challenge. Despite years of experimentation, most decentralized social platforms fail for two core reasons: network effects and misaligned incentives.
“Almost no new social platforms have truly broken through at scale,” he said, pointing out that without users, even the best products feel empty. More importantly, many projects jump straight into tokenization, assuming finance can fix social problems.
“But if you start from social itself, the real issue is usually creator incentives,” Vitalik explained, noting that token-driven models often reward existing influence and speculation, not high-quality content.
Migration Is Real, But It’s SlowSuji Yan framed the recent X bans as part of a longer pattern rather than a sudden turning point. User migration, he argued, is gradual and phased, not abrupt.
“The realistic path is moving from centralized platforms to semi-centralized models, and only then toward full decentralization,” Suji said, comparing the process to how DeFi and prediction markets evolved over time.
This helps explain why tools like aggregators and shared protocol layers are gaining attention, letting users explore decentralized social without fully abandoning existing networks.
Wallets, Prediction Markets, and the Next Social LayerOne of the most forward-looking ideas discussed was the convergence of wallets and social platforms. Suji outlined a vision where users can post directly from any wallet, across any chain, reducing friction and onboarding barriers.
Vitalik added that wallets will increasingly protect identity and data, making interoperability essential.
He also highlighted prediction markets as a potential upgrade to online discourse.
“The market-implied probability can quickly show how unlikely that outcome actually is,” Vitalik said, describing how markets could cool down extreme claims faster than traditional fact-checking tools.
Playing the Long GameBoth speakers agreed on one thing: decentralized social isn’t about replacing X overnight. It’s about improving discussion quality, reducing platform risk, and giving users more control – even if that takes years.
As Vitalik put it, the projects that succeed won’t feel like “crypto apps” at all. Blockchain, he said, should “fade into the background,” while better social experiences move to the foreground.
Story Ends Here
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XMTP has announced a new strategic partnership with Mask Network that has the potential to dramatically improve the ability to communicate across decentralized social media platforms. As DeSoc continues to evolve rapidly, communication between users has become increasingly fragmented across multiple channels, affecting the overall user experience. As a result, Web3 application users must navigate isolated data silos and inconsistent privacy standards when moving across different platforms.
As part of this partnership, the XMTP team plans to promote the use of their secure, decentralized messaging infrastructure with the Mask ecosystem. This includes integration with Lens Protocol, Orb, and Firefly. The two companies see this partnership as being one of the first steps toward a more unified, seamless layer for Web3 communication.
Bridging the Gap in Decentralized Communication XMTP’s end-to-end encrypted messaging protocol will be integrated into Mask Networks suite of applications to form the basis of their partnership. Mask Network has been at the forefront of providing privacy via a Web3 layer on top of traditional social media for years. Including XMTP’s platform within its ecosystem will now add another layer of privacy by ensuring that all messages sent via a decentralized social application remain secure and “portable”.
XMTP gives you ownership of your inbox and message history, unlike traditional messaging apps like WhatsApp and Discord. Therefore, if you start a conversation using the Orb mobile application, you can pick up that same conversation in Firefly or any other XMTP-supported client without losing your message history or compromising your security.
Strengthening the DeSoc Stack – Lens, Orb, and Firefly This impact can be seen throughout the Lens Protocol ecosystem. The Lens Protocol is a leading decentralized social graph and requires modularity in order to function effectively. The adoption of XMTP as the messaging standard allows for platforms such as Orb, which is community-focused, and Firefly, a cross-platform Web3 social aggregator, to provide their users with one complete way of communicating.
The new approach addresses the issue of “walled gardens.” This allows developers to build UI and community features for their users instead of building proprietary messaging servers. Developers can now use XMTP as an alternative to create encrypted messages and send them over a secure network.
XMTP’s documentation explains that XMTP is built on a decentralized network of nodes, providing censorship resistant communications, which is one of the main reasons people use Mask and Lens.
As Web3 develops, it has evolved past simple ownership of an asset toward a more holistic representation of an individual’s digital identity. As such, secure messaging has become one of the foundational pillars of identity. This collaboration is in line with recent trends where multiple infrastructure providers are working together to provide seamless user experience.
Mask Network has selected XMTP as its standard messaging protocol, highlighting that users (not apps) will be at the heart of the user experience in the future of social media. As numerous dApps embrace these standards and enable seamless interoperability, the barriers for users transitioning between platforms will diminish. The transition will create competition among platforms to increase their service quality rather than the typical user data entrapment through its platform.
Conclusion The collaboration between Mask Network and XMTP isn’t simply a technical integration, but rather a fundamental change for decentralized social network applications. They want to build a future where all digital conversations will be secure, interoperable messaging within Lens, Orb, and Firefly; private for the user; persistent after deletion; and completely owned by the user. The foundation of a more open and secure internet as DeSoc continues to grow will be partnerships like this one.
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Renaiss, an RWA liquidity infrastructure project for real-world collectibles built on BNB Chain, has secured $1.5 million in funding, with YZi Labs leading the first round and participation from Gate Ventures, Hash Global, XIN Family, Redline Labs, and angels from Mask Network, Far East Group, Logoman, Hoopi, and Legit App.
The funding will support Renaiss as it scales its vault network, expands into new collectible verticals, strengthens product and ecosystem integrations, improves capital efficiency, and grows its global presence.
Building RWA Liquidity Infrastructure for Collectibles Renaiss is building infrastructure that brings real-world collectibles on-chain through verifiable custody, standardized settlement and deeper liquidity.
At the core of its stack is RenaissOS, which turns independent vaults and card shops into on-chain verification nodes. Assets are co-signed through cryptographic multi-sig, reducing reliance on any single party and allowing custody status to be independently verified.
Renaiss started with trading cards as its first major collectible category, with Renaiss.xyz serving as the application layer for users to access collectible markets, trading and on-chain ownership. Its broader goal is to support more real-world collectible categories and ecosystem partners through on-chain rails.
With verified custody on-chain, collectors can access permissionless trading without requiring the physical asset to move each time ownership changes.
The Infrastructure Gap in Real-World Collectibles High-value collectibles already have strong global demand, active secondary markets and deep cultural relevance. However, the market remains fragmented. Authentication, custody, pricing, settlement and cross-border transactions are often handled through separate offline processes, creating friction for both buyers and sellers.
While RWA tokenization has largely focused on treasuries, credit and real estate, collectibles represent a more consumer-native RWA category. These assets are shaped by financial value, culture, scarcity, identity and community demand.
Renaiss addresses this gap with a verifiable multi-region custody and liquidity layer, enabling physical collectibles to trade permissionlessly on-chain through trustless infrastructure.
Early Traction Since Beta Since launching its beta in November 2025, Renaiss has surpassed $20 million in revenue in roughly six months. The platform has also grown to more than 260,000 users, with strong activity across Asian markets including South Korea, Taiwan, Japan and Southeast Asia.
Growth has been driven by primary collectible distribution, marketplace activity and increasing user participation around on-chain collectible assets. Secondary marketplace activity has also become an important signal, showing early liquidity beyond one-time drops.
Renaiss has also gained visibility within the BNB Chain ecosystem. In December 2025, the project was named a winner at Binance Blockchain Week Dubai Demo Night, presenting its approach to RWA infrastructure and on-chain collectible liquidity to a broader global Web3 audience. It has also ranked as the No. 1 RWA on BNB Chain, further reflecting its early position in the on-chain collectibles category.
In May 2026, Renaiss graduated from EASY Residency Season 3, a YZi Labs-backed incubation program, further strengthening its connection with the BNB Chain and YZi Labs ecosystem.
Scaling Infrastructure for the Taste Economy With the new funding, Renaiss plans to scale its vault network, expand into new collectible categories, strengthen product integrations and support broader ecosystem growth through Renaiss SDK, DeFi integrations and AI agent infrastructure.
Its Trustless Leverage Engine is designed to improve capital efficiency as more verified, vault-backed supply moves on-chain.
For Renaiss, collectibles are expressions of taste, culture and ownership. By making physical assets verifiable, liquid and globally accessible on-chain, Renaiss aims to build the trustless infrastructure layer for the emerging taste economy.
About Renaiss Protocol Renaiss Protocol is RWA liquidity infrastructure for real-world collectibles.
Built on BNB Chain and graduated from YZi Labs’ EASY Residency Season 3, Renaiss is building a verifiable possession layer for physical assets by turning independent vaults and collectibles stores into on-chain verification nodes. Through cryptographic multi-sig, every asset is co-signed so no single party has control and anyone can verify. This trustless foundation powers vault-backed liquidity, instant trading, DeFi composability, open SDK distribution, and AI-agent plus custody-yield infrastructure – enabling collectors anywhere to trade physical collectibles permissionlessly, based purely on taste.
Renaiss Website: https://renaiss.xyz Renaiss Collectibles on X: https://x.com/renaissCLTB Renaiss Protocol on X: https://x.com/renaissxyz Renaiss Discord: discord.com/invite/renaiss Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.