A social media-focused altcoin is surging this week after the announcement of a new partnership with the popular crypto wallet MetaMask.
Decentralized social media platform Decentralized Social (DESO) rallied to a weekly high of $11 today, marking a 102% increase from its seven-day low of $5.43
The 226th-ranked crypto asset by market cap has retraced since the weekly high, but it remains up nearly 40% in the past 24 hours, trading at $10.32 at time of writing. Despite the slight pullback, DESO continues to outperform all other crypto assets within the top 300 by market cap ranking.
The Coinbase-backed layer-1 blockchain project aims to redefine the nature of social media applications by resolving scalability limitations as well as protecting users and content creators from centralized authorities.
Decentralized Social’s new integration with MetaMask “paves the way for DeSo to become the cross-chain social layer for all Web 3.0,” according to a press release from the project.
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