Market Analysis

SoMon Becomes Fastest-Growing Web3 Social App

Author : Renuka K

SoMon, a decentralized Web3 forum, has quickly become the fastest-growing social app in the Web3 space, achieving over 300,000 on-chain transactions within two weeks of its launch. Built on the OpenSocial Protocol, SoMon allows users to create and monetize communities (Tribes) around various topics, providing a user-owned content platform. The app's gasless feature has lowered entry barriers, leading to significant user engagement and community building. With over 80,000 users and 2 million social engagements, SoMon is revolutionizing the way people interact and benefit from social achievements in the crypto world.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.