Base

we know farcaster is dominated by base in terms of txn activity by connected wallets (~90%)

but it does not seem that base is at all dominated by farcaster

when you look at all the top market cap tokens on base, they are mostly foreign to and sparsely held by farcasters

as such, i basically think about farcaster as being a smaller circle almost entirely consumed by Base with a small slice (~10%) outside of it

and i feel like i have a pretty good sense for what's going on on farcaster

super active, pretty regularly a top 100 caster by wc rewards, etc

and so i feel like i have a good grasp for what's going on on base from the farcaster subcircle

but i don't feel like i have a good grasp on what's going on on base outside of it

who are all these people? what are all these tokens? are there 10 interesting projects being built on base outside of farcaster for every one that is being built here? or how else can I think about the delta (the difference between what farcaster and base)

lmk your thoughts.

Interesting question, was wondering about that myself.