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ANALYSIS #Farcaster «««
In the context of increasingly evolving infrastructure layers with the ability to continuously create #appchains like today, technological competitive advantage will increasingly decrease between chains.

Killer apps will be the trump card to help attract users across ecosystems in the future.💥
Decentralized Social Media projects (Decentralized Social Platforms - #DeSoc) are being XEM as the most potential killer apps.

In the past, projects like Lens, CyberConnect, or Friend. tech all grow for a short period of time and then cool down. 🤔
Recently, Farcaster emerged as a new killer app with over 50k daily users.

> 2021: Farcaster V1 launched, reaching 100+ daily users (DAU)
> 2022: raise Capital of 30 million USD from a16z at a valuation of 200 million USD, reaching 1k+ DAU
> 2023: Farcaster V2 launched, reaching 5k+ DAUs
> 2024: Launch Frames, reach 50k+ DAU

It can be seen that after launching the #Frames feature (February 2024), the number of daily users on Farcaster increased significantly.
- What does new features like Frame or the appearance of memecoin mean for Farcaster?
- Is this development really sustainable?

Let's join Coin98 Insights in analyzing Farcaster's growth in recent times.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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