DAU hits a new high again, what big move is Farcaster making this time?

Last night, AERO price broke through $1.9, and Base ecosystem TVL also exceeded $4 billion; on April 6th, Base's daily trading volume reached 2.4436 million, hitting a historical high. In addition, since March 14th, Base network has maintained a daily transaction volume of over 1.1 million. Alongside these impressive figures, the DAU of the social protocol Farcaster has also recently reached a second wave peak, breaking historical records.

The first wave of user growth for Farcaster was in early February 2024, when Farcaster's largest front-end protocol, Warpcast, introduced the new Frame feature, adding a lot of interactivity to social applications. At the same time, meme coins related to Farcaster such as DEGEN, FAR, and FRAME attracted a group of non-Farcaster users to register accounts. However, as the market calmed down, the hype around Farcaster gradually cooled off. But in early March, after the Cancun upgrade was implemented, the Base ecosystem became more active, injecting a second wave of vitality into Base and Farcaster, led by meme coins like DEGEN.

A few days ago, Warpcast once again updated its in-app features, introducing the Actions feature, which can be used to add functionalities that are not part of the core Farcaster protocol. The founder of Warpcast likened it to a "Chrome extension for social apps."

The Actions feature is located near the favorite and share bar at the bottom of each post, and the small red tokens inside can further promote the tipping culture. Users are not limited to tipping with DEGEN alone; they can also use functions such as verifying FID and gifting Warps to enhance the user experience of Warpcast.

In addition to seeing positive changes within the app, one cannot ignore the impact of Base and Zora's on-chain activities on Farcaster. Thanks to Frame's interactive features and the long-term cultivation of creator culture, Farcaster has become the "launch platform" for Base and Zora, nurturing many popular projects.

One of the criteria for judging the reliability of Base ecosystem projects is how they operate their Warpcast accounts. It can be said that Farcaster, Base, and Zora mutually empower each other, injecting vitality into each other and forming a closed loop. Of particular note is that this time, Warpcast did not just see a surge of users like in early February followed by silence, but it continues to be active within the app, leading to the current stable growth in DAU.

The most popular channel on Warpcast still belongs to Degen, and DEGEN, the meme coin of its channel, has shed its "dog coin" label to become a hot speculative target in the Base ecosystem.

On March 28th, Degen announced the launch of the low-cost Layer 3 blockchain Degen Chain, further pushing DEGEN's price to a historic high, sparking a wave of speculation on Degen Chain.

Last week, there were many discussions about Layer 3 in the market, with mixed reviews, but undoubtedly Degen is the pioneer and the most popular. Due to the almost negligible gas fees and the increasing deployment of lightweight applications, Lan Lee, the developer of Degen China, hailed the launch of Degen L3 as the "iPhone moment" of the crypto market in an interview, stating that it will greatly enrich the on-chain ecosystem.

Originating from Warpcast, growing in Base, the future of DEGEN and Degen Chain still holds great potential for imagination. Meanwhile, as the backyard of Base, if Farcaster continues to inject vitality, there will be a greater chance of birthing Alpha targets.

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