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

Last night, the price of AERO broke through $1.9, and the TVL of the Base ecosystem also broke through $4 billion; on April 6, Base's daily transaction volume reached 2.4436 million, a record high. In addition, since March 14, the Base network has maintained a daily transaction volume of over 1.1 million. At the same time as these impressive data, the DAU of the social protocol Farcaster has also reached a second small wave recently, breaking a record high.

The first wave of Farcaster user growth was in early February 2024, when Farcaster's largest front-end protocol Warpcast launched a new feature, Frame, which added a lot of interactivity to social applications. At the same time, Farcaster-related meme coins such as DEGEN, FAR, and FRAME also allowed a group of people who were not Farcaster users to register accounts. But as the market calmed down, the hype about Farcaster gradually fell back. But in early March, after the Cancun upgrade landed, the Base ecosystem activity increased sharply, and meme coins led by DEGEN injected a second wave of blood into Base and Farcaster.

A few days ago, Warpcast updated the in-app functions again and launched the Actions function, which can be used to add functions that are not a core part of the Farcaster protocol. The founder of Warpcast likened it to a "Chrome extension for social applications."

The Actions function entrance is placed near the collection and sharing bar below each post. The small red contained in it can further promote the tip culture. Users are not limited to using DEGEN to reward. In addition, users can also use small functions such as checking FID and giving Warps to enhance the use experience of Warpcast.

In addition to seeing positive changes within the application, we cannot ignore the impact of the Base and Zora chain activities that Farcaster relies on. Thanks to Frame's interactive functions and long-term creator culture, Farcaster has become the "launch platform" for Base and Zora, and many popular projects have been conceived and born here.

One of the criteria for some people to judge whether the Base ecological project is reliable is to see how it operates the Warpcast account. It can be said that Farcaster, Base and Zora complement each other, inject vitality into each other and form a closed loop. What is more noteworthy is that this time Warpcast is not like the beginning of February when only a wave of users emerged and then disappeared, but it is continuously active in the application, which will form the current wave of stable DAU growth.

The most popular channel on Warpcast still belongs to Degen. DEGEN, the meme coin of its channel, has also gotten rid of the label of local dog and become a hot hype target of the Base ecosystem today.

On March 28, Degen announced the launch of the low-cost Layer 3 blockchain Degen Chain, which further broke through the historical high of DEGEN prices and a wave of hype was born on the Degen chain.

Last week, there were many discussions about Layer3 in the market, with mixed reviews, but Degen was undoubtedly the first and most popular one. Due to the almost negligible gas fees and the increasing deployment of lightweight applications, Lan Lee, a developer of Degen China, praised the launch of Degen L3 as the "iPhone moment" of the crypto market in an interview, saying that it will greatly enrich the on-chain ecology.

Originated from Warpcast and grown from Base, there is still a lot of room for imagination in the future of DEGEN and Degen Chain. At the same time, as the backyard of Base, Farcaster will have a greater chance of producing Alpha targets if it continues to be revitalized.

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