Farcaster’s User Base Skyrockets Nearly 500% After Frames Launch

The Optimism-based social protocol launched the Frames app on Jan. 26 to let users turn posts into interactive applications.

Daily active users of Farcaster, the Optimism-based social protocol, have surged nearly 500% since the Jan. 26 launch of Frames, which allows users to turn Farcaster posts into interactive applications. 

On Jan. 25, the day before Frames launched, Farcaster had about 2,237 daily active users (DAU) on a seven-day trailing average, according to Dune Analytics data. There were 2,672 unique reactions and 2,380 unique casts. Casts are the public posts on Farcaster, similar to tweets on Twitter (now called X). By Feb. 4, those numbers had jumped to 13,331 DAUs, 28,848 unique reactions and 23,708 unique casts. 

To sign up for decentralized social network Farcaster, users paid $5 for an in-app purchase on iOS or Android, or could sign up for free by giving their mobile number.

“Why can’t I sign up for Farcaster with crypto? We’re focused on user growth and the best way to do that is make onboarding as web2 as possible—mobile-first, no wallet required, no crypto required,” Farcaster co-founder Dan Romero, a former executive at crypto exchange Coinbase, wrote on X. 

Farcaster’s daily revenue hit an all-time high on Sunday at nearly $39,200, up markedly from the nearly $2,500 brought in on January 25. The overall cumulative revenue for Farcaster is now at close to $466,000 as of Feb. 5. 

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Farcaster was founded in 2020 by Romero and fellow Coinbase alum Varun Srinivasan. Nearly 70% of Farcaster user transactions came from Coinbase’s layer 2 blockchain Base, up from the 26% on Jan. 25. Last week, Base’s Farcaster account listed a bounty that offered 10 grants each worth 0.2 ETH (about $461 at current prices) to developers building Frames.