{"id":18089,"date":"2024-10-25T17:08:42","date_gmt":"2024-10-25T14:08:42","guid":{"rendered":"https:\/\/forklog.com\/en\/farcasters-monthly-revenue-plummets-by-96-from-february-peak\/"},"modified":"2024-10-25T17:08:42","modified_gmt":"2024-10-25T14:08:42","slug":"farcasters-monthly-revenue-plummets-by-96-from-february-peak","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/farcasters-monthly-revenue-plummets-by-96-from-february-peak\/","title":{"rendered":"Farcaster&#8217;s Monthly Revenue Plummets by 96% from February Peak"},"content":{"rendered":"<p>In October, the revenue of the <a href=\"https:\/\/forklog.com\/en\/news\/decentralised-society-and-its-enemies-can-desoc-replace-x-facebook-and-youtube\">DeSoc<\/a> project Farcaster amounted to approximately $15,825, marking a 96% decline from its February peak of $415,900, according to data from the <a href=\"https:\/\/dune.com\/deodad\/farcaster-revenue\">Dune<\/a> dashboard.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdGbiUyrzWOdTliaIIRYfWRe6m7ZXsWykVOEhJMj0FWCjv_JioWY9aCVtFo1UOL3naTOyjfmsHbgjZPerqSlyZNP2zGyDt7XMFpAHIJSBZAJxR-m_KMS_JFvorSGu7Asxkpbk5mUMfMRBXTCauc3YNRw3zR?key=Ks5p25louV_rleUac2zZOA\" alt=\"Farcaster's Monthly Revenue Plummets by 96% from February Peak\"\/><figcaption class=\"wp-element-caption\">Data: Dune.\u00a0<\/figcaption><\/figure>\n<p>In September, the platform earned $32,840, reflecting a drop of more than half.\u00a0<\/p>\n<p>Farcaster <a href=\"https:\/\/forklog.com\/en\/news\/farcasters-user-base-expands-ninefold-following-frames-launch\">gained popularity<\/a> earlier this year following the launch of the Frames functionality and the Warpcast client application. The former allows developers to embed various interactive features directly into messages, while the latter provided a more user-friendly interface.\u00a0<\/p>\n<p>At the time of writing, the number of unique users of the Web3 social network <a href=\"https:\/\/dune.com\/filarm\/lens-vs-farcaster\">reached 868,895<\/a>. However, the platform&#8217;s <span data-descr=\"daily active users\" class=\"old_tooltip\">DAU<\/span> has been rapidly declining since July, with the figure standing at around 30,000 on October 23.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXey7NlioreqLD8ltrKxB6IhcM5K_4Rtk5AeeVYSpWmw6_mU7w6JIOY6-5hOPkWL5uPkls0Pyy2XG2_G3yPY2oHQKVk5YhvKm4fvJYbh2ogAe2oEwqSrpRj7eM6MaUbcmJoTsPp5VuxmAhLTl211hQLRtlH5?key=Ks5p25louV_rleUac2zZOA\" alt=\"Farcaster's Monthly Revenue Plummets by 96% from February Peak\"\/><figcaption class=\"wp-element-caption\">Data: Dune.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFarcaster has succeeded in creating a cohesive community among the tech elite and cryptocurrency enthusiasts seeking more serious discussions beyond X,\u201d stated <a href=\"https:\/\/www.theblock.co\/post\/323003\/farcasters-monthly-revenue-down-96-percent?utm_source=rss&#038;utm_medium=rss\">The Block<\/a> analyst Presto Research Min Jung.<\/p>\n<\/blockquote>\n<p>He attributed the slowdown in protocol activity to weak user engagement, a lack of new projects, and the low effectiveness of ecosystem tokens.\u00a0<\/p>\n<p>According to an August study by CoinGecko, 84% of crypto users <a href=\"https:\/\/forklog.com\/en\/news\/coingecko-survey-reveals-crypto-communitys-preference-for-x-telegram-and-youtube\">spend most of their time<\/a> on platforms like X, Telegram, and YouTube for thematic information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In October, the revenue of the DeSoc project Farcaster amounted to approximately $15,825, marking a 96% decline from its February peak of $415,900, according to data from the Dune dashboard.\u00a0 Data: Dune.\u00a0 In September, the platform earned $32,840, reflecting a drop of more than half.\u00a0 Farcaster gained popularity earlier this year following the launch of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[130,465],"class_list":["post-18089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-decentralization","tag-social-media"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18089"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18088"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}