PANews reported on June 14 that DeFi asset management platform Zapper announced the launch of Zapper Protocol, an open protocol designed to incentivize users to read and interpret on-chain information. Zapper hopes to enhance the on-chain literacy of global users through this protocol so that everyone can understand the true potential of Ethereum. The protocol will be run through the $ZAP token and is scheduled to be released in the fourth quarter of 2024.

The first phase of Zapper Protocol will allow anyone to contribute to making the blockchain more readable. Users can add new DeFi protocol integrations through index templates or convert complex on-chain transactions into human-readable outputs through event interpreters.