Farcaster user engagement has reached a historic high, with the number of independent users reaching 73,700 last week

The user engagement of the decentralized social media protocol Farcaster has reached a historic high, with 73,700 independent users last week, marking an important milestone in its growth trajectory. The platform has generated 62.58 million pieces of content, with a total of 280,120 users and 3,050 hubs, 190,540 connected addresses and a network size reaching 142.83 GB.

At the same time, Farcaster has generated revenue of 611.03 ETH demonstrating its potential to create value within the ecosystem. Founder Dan Romer announced the development of new tools to support USDC in-app payments which could be the reason for the surge in users.