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Towns Protocol

Towns Protocol is a protocol for building decentralized real-time messaging apps. It consists of an EVM-compatible L2 chain, decentralized off-chain stream nodes, and smart contracts that are deployed on Base. Towns Protocol allows people to create programmable communication use cases, referred to as “Spaces,” in a permissionless manner. These Spaces are ownable, feature on-chain subscriptions (”Memberships”), extendable reputation system, and end-to-end message encryption.

What is Towns Protocol?

Towns Protocol is an open-source, decentralized platform designed to build real-time messaging applications. It enables users to create programmable, user-owned communities called 'Spaces,' facilitating secure and private communication. The protocol aims to empower individuals to manage and participate in digital communities with complete control over their data and privacy.

How Does Towns Protocol Work?

Towns Protocol operates on an EVM-compatible Layer 2 blockchain, utilizing decentralized stream nodes for off-chain data processing and smart contracts deployed on the Base network. Users can create 'Spaces' with on-chain memberships represented by ERC-721 NFTs, allowing for customizable access, permissions, and end-to-end encrypted messaging.

What Makes Towns Protocol Unique?

Key features of Towns Protocol include end-to-end encrypted messaging, decentralized messaging infrastructure, programmable spaces through smart contracts, and user ownership of communication channels. These elements collectively provide a secure, customizable, and user-centric communication platform.

Who Are the Founders of Towns Protocol?

Towns Protocol was founded in 2022 by Ben Rubin, co-founder of Houseparty, and Patrick Fives, who previously held executive technology roles in consumer social applications.

Latest News

What Key Events Have There Been for Towns Protocol?

In April 2025, Towns Protocol secured a $10 million funding round co-led by Coinbase Ventures and Andreessen Horowitz (a16z), with participation from Union Square Ventures, Kindred Ventures, and Seed Club Ventures. This investment underscores strong institutional interest in decentralized communication platforms.

Project Announcements

As of September 2025, Towns Protocol has achieved significant milestones, including the creation of over 393,816 Spaces, 1,497,637 memberships, and generating 7,938 ETH in revenue. The protocol continues to expand its ecosystem and enhance its decentralized communication infrastructure.

Upcoming Events

Aucune donnée

Projects Announcements

Where to Buy Towns Protocol?

TOWNS tokens can be purchased on major cryptocurrency exchanges such as Binance and Coinbase. Users can trade TOWNS against various pairs, including USDT and ETH.

Towns Protocol Price

Daily Trading Volume

As of September 11, 2025, the 24-hour trading volume for TOWNS is approximately $30.51 million, indicating active market participation.

All-Time High

The all-time high price for TOWNS is not specified in the available data.

All-Time Low

The all-time low price for TOWNS is not specified in the available data.

Market Cap and Valuation

Market Cap

As of September 11, 2025, the market capitalization of TOWNS is approximately $51.07 million, ranking it at #577 among cryptocurrencies.

Fully Diluted Valuation

The fully diluted valuation of TOWNS is approximately $245.25 million, considering the total supply of 10.12 billion tokens.

Towns Protocol Price Prediction

While specific price predictions for TOWNS are not available, factors influencing its price include market sentiment, adoption rates, and developments within the Towns Protocol ecosystem. Investors should conduct thorough research and consider market dynamics before making investment decisions.

How to buy Towns Protocol?

To purchase TOWNS tokens, follow these steps using the Bitget Wallet: Download the Bitget Wallet: Obtain the app from the official website or your app store. Create an Account: Open the app and follow the on-screen instructions to set up a new account with a strong password. Fund Your Wallet: Deposit funds by transferring cryptocurrencies or purchasing crypto using supported payment methods. Navigate to the Market: In the Bitget Wallet, go to the market section and search for TOWNS to view available trading pairs. Place Your Order: Select the desired trading pair (e.g., TOWNS/USDT), enter the amount you wish to buy, and confirm your order. Once the transaction is completed, TOWNS tokens will be added to your wallet.

FAQ

What is the Purpose of Towns Protocol?

How Can I Participate in Towns Protocol's Ecosystem?

What Sets Towns Protocol Apart from Competitors?

Is Towns Protocol Secure?

What are the Risks Associated with Towns Protocol?

Community Sentiment

25.03K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.