Daily active users on the Farcaster protocol, a decentralized network for social media apps, have increased by a staggering 400% over the past week following the introduction of “frames” on its Warpcast social media app.
Daily active users on the Farcaster network increased from about 5,000 on January 28 to more than 24,700 on February 3, according to data from Dune Analytics. The frames were added to Warpcast on January 27.
The influx of new user activity has been linked to a surge in interest in “frames,” a new innovation that allows users to interact with external links and apps without leaving the Warpcast app.
The volume of new daily “transmissions” has increased to more than 2 million as of February 3, a staggering 1,000% increase from approximately 200,000 the previous week, on January 28.
The frameworks allow users to create NFTs, make transactions, claim tokens, read external blog posts, and answer surveys without having to sign a transaction or exit the app.
Founded by former Coinbase engineer Dan Romero and Varun Srinivasan in 2020, Farcaster describes itself as a “sufficiently decentralized” social network. While many often confuse the two terms, Warpcast is a social media application (or client) built on the Farcaster network.
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The frameworks work with Farcasters’ EdDSA authentication system, meaning there is “no risk of wallet drain” for transactions made through a framework, Romero said in a Jan. 30 X post.
An easy-to-overlook part of Frames is that it works with Farcaster’s EdDSA authentication system.
1. UX: Every Farcaster user already has an EdDSA in the app they are using, whether it’s Warpcast, Supercast, or anything else. Every Farcaster client supports frameworks under the hood.
And to…
– Dan Romero (@dwr) January 29, 2024
However, increased activity on the Farcaster network caused Warpcast to temporarily suffer a period of “degraded activity” on February 4. according to an X post by Farcaster founder Dan Romero.
Unlike other decentralized social media platforms like Friendtech and DeSo, using Warpcast does not require a constant stream of transactions or purchases to use the most basic functions of the app. However, users are encouraged to connect an Ethereum wallet to experience the full range of Warpcast features, including interacting with frames, minting NFTs, and claiming airdrops.
Farcaster’s rapid growth comes at a time of declining activity from other decentralized social media platforms like Friend.tech.
While the Base-based social app dominated the decentralized social media landscape last year, daily transactions on Friendtech have plummeted more than 97% from the all-time highs recorded in August of last year.
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