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Alexey 🎩🐲🐹 pfp
Alexey 🎩🐲🐹
@skrim
Stumbled across this information and some interesting analytics today: The number of new Farcaster users has moved into a low growth phase, from a daily peak of about 15,000 in early February to about 650 currently. Farcaster's DAU has dropped from a peak of 100,000 in early July to 60,000, a decline of about 40%. According to @filippoarman dune, posts and interactions are down more than 60% from the peak. - link (https://dune.com/filarm/lens-vs-farcaster) In May this year, Farcaster completed a $150 million Series A funding round at a $1 billion valuation led by Paradigm. Farcaster is also a decentralized social network championed by @vitalik.eth. Below I will describe my opinion on this 👇 https://dune.com/filarm/lens-vs-farcaster
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Alexey 🎩🐲🐹 pfp
Alexey 🎩🐲🐹
@skrim
Even though Warpcast isn't growing as fast as it did in March, I think traffic is dropping due to a lack of quality content. Why isn't there any? Because they even technically provided the opportunity and even pay $5 to the top 100 Influencers, I don’t think $5 is enough to motivate people to create quality content. And Warpcast is centralized and has to comply with regulators, so uploading videos is blocked and text editing to posts is not done, and it's discouraging, let alone promoting. And none of the many ecosystem projects are mentioned. Not degen, not build, not Zora, not Base, not Moxie, which made Farcaster interesting to a wide audience. Feb/March - Degen raised the asset to 70k but still no support, at least in the case of being able to swap Degen for Warps as many have trouble buying them, it's an obvious solution and everyone would benefit, but no.
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TylerFoust🎩Ⓜ️🎯 pfp
TylerFoust🎩Ⓜ️🎯
@tylerfoust.eth
Yeah, there's no need to point fingers. Because you can already see that funding does not go to support new users or retain old ones, there is no support for cool developers, who not only attract hundreds of thousands of people here, but also give an opportunity to show themselves to beginners. The only question is where to go and why?
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gasaliⓂ️🎭🎩⚡️ pfp
gasaliⓂ️🎭🎩⚡️
@mutified1
Yes you are right, general market value and scam projects chase people. My friend was scammed here some months ago . His wallet was wiped by just a link click
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Maretus pfp
Maretus
@maretus.eth
Farcaster was never going to be able to sustain the parabolic growth that Degen brought it. Most of that growth unfortunately was people who weren’t here to add value but instead to try and extract it. I think the slow and steady approach is the right one. Win people over time and get them so hooked that they don’t wanna use any other apps.
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Tatiansa 🟪🟣. ⌐◨-◨ pfp
Tatiansa 🟪🟣. ⌐◨-◨
@tatiansa
Interesting stats, growth this year is very fast!
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