Data

Farcaster

Farcaster is an economy, that we can measure by how much activity (both on and off-chain) it generates.

To that effect I've been working on a Farcaster Economy Dashboard (https://dune.com/0xluc/farconomy)

It's quite not ready, but I'm boosted today and I need feedback and suggestions!

@luc's Farcaster Economy Dashboard is really impressive, it reminds me of some similar curves in the @pixel's Farcaster dashboard. When I combined the FDVs of the tokens with the total casts on Farcaster, it showed that "Farcaster is growing with crypto".

This correlation is interesting. The FDVs of the tokens showed significant growth in early Feb. and late Mar., coinciding with an increase in the total number of casts on Farcaster during the same period. Both then experienced a decline in April, but the total casts dropped about two weeks later than the tokens FDVs.

This illustrates that activity on Farcaster is closely tied to the token economy of the Farcaster eco, which actually expands on my previous observation that "$DEGEN is the pulse of Farcaster".

Investing at cherry.xyz | writing at luc.cx

crypto-anarchist · onchain social explorer, advisor · spread FC gospel in /chinese community · curate SocialSight.telegram· write 0xluo.xyz · host /luo ·中文 @luo

Love this comment, "$DEGEN is the pulse of Farcaster."

intern @degenpad | /art-layer 🖼 | Meme Posting Lover | 🟣🔵🎩 | Homage of naiivememe 

Yeah, it's truth, but some people are still unaware of it...

Exactly.

Since there's no 'Farcaster Native Token' coming (@dwr.eth already mentioned this), I believe the importance of $DEGEN, which acts as the pulse within Farcaster, should be further emphasized.