Farcaster

degen and ham chains were mistakes and they set the whole farcaster ecosystem back

im posting this after reaching out to @jacek and @deployer privately, but since they both answered that they have no plans on sunsetting the chains, i want to give a heads up to all other teams building their economies on farcaster:

don't launch you own chains

1. fc ecosystem only has a chance to work if there is a lot of liquidity in one place
2. separate chains fragment the liquidity and only benefit the passive token holders (less sell pressure) and mev bot operators (arbitrage between chains and pools). actual users pay in UX, mev and fees
3. devs who want to launch integrations with these projects are fucked because most infrastructure providers don't support these small chains

im building supercast wallet and it's beyond frustrating to see how close we were to having something truly great and how much harder it is to build a good UX on top of these projects because they selfishly decided to launch their own chains

We don't need any other Farcaster clients tbh just like we don't need any other chains 

Hard enough to onboard people to Farcaster at the moment let alone all the silly clients people come up with

Both of these things have contributed to declining conditions

We don't need any other Farcaster clients tbh just like we don't need any other chains 

Hard enough to onboard people to Farcaster at the moment let alone all the silly clients people come up with

Both of these things have contributed to declining conditions 

https://x.com/ChrisJourdan/status/1848802081983148477

Not sure protocol revenue is the right metric but it doesn't matter, all metrics are down severely from May's peak. 

What contributed to the decline is debatable but an unsustained surge of interest led by things like Frames and $DEGEN seem to be the culprits. Viral moments like that are a double-edged sword in that they draw lots of attention but also lead to what appears to be decline and results in a huge amount of churn (currently net-negative more against growth often than not). 

But with ~10 years of runway, the team has time to cook. I still prefer it here over X, anyway.