The Farcaster protocol, a decentralized network for social media applications, has experienced a remarkable 400% surge in daily active users over the past week. This growth follows the introduction of Frames on its social media application, Warpcast.
Daily active users on the Farcaster network increased from approximately 5,000 on January 28 to over 24,700 by February 3, according to data from Dune Analytics. The addition of Frames to Warpcast on January 27 has been credited with driving this influx of new user activity.
Frames is an innovative feature that allows users to interact with external links and applications without leaving the Warpcast app. Users can mint non-fungible tokens (NFTs), conduct transactions, claim tokens, read external blog posts, and participate in surveys without the need to sign a transaction or exit the app.
Farcaster is described as a “sufficiently decentralized” social network and was founded in 2020 by ex-Coinbase engineer Dan Romero and Varun Srinivasan. Warpcast is a social media application built on top of the Farcaster network.
Frames are powered by Farcaster’s EdDSA authentication system, which ensures that there is “no wallet drain risk” for transactions conducted through a frame.
The spike in Farcaster network activity led to a period of “degraded activity” on Warpcast on February 4, as reported by Farcaster founder Dan Romero.
Unlike other decentralized social media platforms, using Warpcast does not require a consistent stream of transactions or purchases to access its basic features. However, connecting an Ethereum wallet is encouraged to unlock the full range of capabilities, including interaction with Frames, NFT minting, and claiming airdrops.
Farcaster’s rapid growth stands in contrast to the declining activity experienced by other decentralized social media platforms such as Friend.tech. While Friend.tech dominated the decentralized social media landscape in 2023, daily transactions on the platform have dropped more than 97% from their all-time highs recorded in August.
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