Evolution of Points Farming in Web3

Since October 2022, points farming programs have become a powerful tool for user engagement and growth in Web3. Starting with Blur, an NFT marketplace that quickly overtook OpenSea through its points program, the trend has expanded across various protocols. https://t.co/QQTioOEK2h also made waves in August 2023 with its unique SocialFi approach and weekly points distribution.

Today, points programs are widely adopted by wallets, DEXes, and lending platforms, boosting engagement and TVL. Platforms like EigenLayer, [https://t.co/II894RnMO1], and Renzo have seen exponential growth thanks to points accumulation. Often seen as 'tokens before tokens,' points farming can lead to lucrative rewards, motivating users to participate actively.

Here's a timeline showcasing the development of points farming in Web3.

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