PANews reported on June 4 that the decentralized communication protocol Towns Protocol announced the latest progress on the $TOWNS token and protocol. The first activity snapshot was taken on April 10, 2025, and the second snapshot will be completed when the airdrop is approaching, and both will be included in the distribution plan. The protocol continues to grow, with 415,346 Towns created, more than 15 million transactions completed in the past 30 days, and user revenue accumulated to more than US$21 million, and the adoption rate of the community, DAOs, and creators continues to increase.

The airdrop originally scheduled for the second quarter has been postponed to the summer to improve distribution, user analysis and protocol infrastructure. It is reported that Towns recently announced the completion of a $10 million Series B financing, led by a16z crypto, with Coinbase Ventures joining the investment and Benchmark continuing to participate.

According to previous news, Towns will launch TOWNS tokens in Q2, with an initial airdrop ratio of 10% .