Deep Dive
1. Creator-Centric Social Layer
Gari Network’s core utility lies in its integration with Chingari, a TikTok-style app where users earn GARI tokens for content creation, live streaming, and community interaction. This model shifts platform value directly to creators—50% of ad revenue and NFT sales are distributed to them, incentivizing participation.
2. DeFi Ecosystem Growth
Launched in March 2024, the GARI DeFi Suite (GARI) introduced cross-chain swaps (via Raydium/Meteor aggregators), governance staking, and perpetual futures trading. Version 4.0 (planned) adds collateralized lending using GARI or SOL, positioning it as a gateway for Chingari’s 12M+ Web3 users into decentralized finance.
3. Enterprise Tokenization
Beyond social, Gari enables SMEs to tokenize assets (e.g., invoices, commodities) on Aptos and Solana blockchains. Its upcoming Palmyra exchange aims to streamline trading of tokenized real-world assets, targeting India’s $1.2T informal sector.
Conclusion
Gari Network merges Web3 social engagement with DeFi and enterprise infrastructure, leveraging its massive Chingari user base. While its multi-chain approach broadens utility, can it sustain creator incentives amid fluctuating token demand and competing platforms?