Farcaster sees a 400% increase in daily active users in the frenzy of ‘frames’

Daily active users on the Farcaster protocol – a decentralized network – for social media apps have increased by an impressive 400% in the past week following the launch of “Frames” on social media app Warpcast.

Daily active users on the Farcaster network grew from 5,000 on January 28 to more than 24,700 on February 3, according to Dune Analytics data. Frames added to Warpcast on January 27th.

The influx of new user activity has been matched by an increase in demand for “frames” — a new innovation that allows users to engage with external links and apps without leaving the Warpcast app.

In the year As of February 3rd, the amount of new daily “casts” has reached over 2 million, an impressive 1,000% increase from around 200,000 the week before on January 28th.

Frames allow users to mine NFTs, make transactions, request tokens, read external blog posts, and answer surveys without signing the transaction or leaving the app.

In the year Founded in 2020 by former Coinbase engineer Dan Romero and Varun Srinivasan, Farcaster describes itself as a “decentralized” social network. Although many often confuse the two terms, Warpcast is a social media application – or client – built on the Farcaster network.

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Frames is powered by Farcaster's EdDSA authentication system, which means there is “no wallet drain risk” for transactions through Frames, Romero said in a January 30 X post.

The easy to miss part of the frames is powered by Farcaster's EdDSA auth system.

1. UX – Every Farcaster user has ADSA in the app they are using Warpcast or Supercast or whatever. Every Farcaster client supports frames under the hood.

And for…

— Dan Romero (@dwr) January 29, 2024

However, an increase in activity on Farcaster's network saw Warpcast suffer during a period of “slow activity” on February 4, according to Farcaster founder Dan Romero in an X post.

Unlike decentralized social media platforms like Friendtech and DeSo, using Warpcast doesn't require consistent streams of transactions or purchases to use the app's basic features. However, users are encouraged to connect an Ethereum wallet to access the full range of features on Warpcast, including interacting with frames, creating NFTs, and requesting airdrops.

Farcaster's rapid growth comes at a time when other decentralized social media platforms like Friend.tech are slowing down.

As the base-based social app dominated the decentralized social media landscape last year, daily transactions on Friendstech dropped more than 97% from their peak in August last year.

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