Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Farcaster Switches to Wallet-First
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Farcaster Switches to Wallet-First
Farcaster Switches to Wallet-First Strategy to Grow Its Social App
Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
By Shaurya Malwa|Edited by Omkar Godbole
Updated Dec 8, 2025, 8:07 a.m. Published Dec 8, 2025, 7:58 a.m.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.
Farcaster will now center its roadmap around its in-app wallet and trading features as the key product area to show sustained traction after years of stalled social growth.
Cofounder Dan Romero said in a series of posts over the weekend Romero said the team spent 4.5 years pursuing a social-first strategy but never achieved a durable growth loop, despite attempts to seed activity and support third-party clients.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
“We haven’t been able to find a sustainable growth mechanic for the Twitter-like social network,” he said. “No product-market fit.”
The wallet, launched earlier this year, has quickly become the network’s strongest driver of new users and engagement, prompting the company to reorient its focus around financial use cases rather than social ones.
Romero added the wallet’s trading tools have shown the clearest evidence of product-market fit in Farcaster’s five-year history.
“To reiterate: we’re focused on building a great wallet,” he wrote. “Every new, retained wallet user is a new user for the protocol.”
The shift marks a significant strategic break for a project that once positioned itself as the most credible attempt to decentralize consumer social media.
Instead, Romero articulated a “come for the tool, stay for the network” thesis, which onboards users through a useful wallet, then expose them to social features built on the same protocol.
As such, Romero pushed back on criticism that the pivot turns Farcaster into a trading app with a social wrapper. The protocol, he said, still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
“Our app is leaning more into the intersection between wallets and social,” he said, noting alternatives like Uno, Recaster, Zapper and Firefly.
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze
Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure.
What to know:
- Coinbase has resumed onboarding users in India, marking its return to the market after a two-year hiatus due to regulatory issues.
- The exchange is currently allowing crypto-to-crypto trading and plans to reintroduce fiat on-ramps next year.
- Despite regulatory challenges, Coinbase is investing in India, including increasing its stake in local exchange CoinDCX.
Read full story
Latest Crypto News
Canadian Province Wins Forfeiture of $1M QuadrigaCX Co-Founder's Cash & Gold via Default Judgment
Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze
ETH, ADA, XRP Lead Gains as Bitcoin Edges Higher on Fed Rate Cut Expectations
Buyers Step In at $2 Floor as XRP Builds on Bitcoin's Hover Above $91K
Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations
Here's How Bitcoin, Ether, XRP and Solana May Trade Today
Top Stories
Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations
Here's How Bitcoin, Ether, XRP and Solana May Trade Today
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
How Much Longer Until We Consider the Bitcoin Power Law Model Invalid?
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Bitcoin ETFs Outpace Ethereum With $2.9B Weekly Surge
The surge follows a difficult August, when investors pulled out more than $750 million while rotating capital into Ethereum-focused funds. […] The post Bitcoin ETFs Outpace Ethereum With $2.9B Weekly Surge appeared first on Coindoo.
Share
Coindoo2025/09/18 01:15
the $63M White Whale of a tale
The post the $63M White Whale of a tale appeared on BitcoinEthereumNews.com. This weekend on crypto social media, memecoin traders spun yet another fantastic tale of leveraged trading meltdown. According to the still-being-written legend, crypto exchange MEXC locked $3 million belonging to famed crypto trader The White Whale. As he continued to amass money from leveraged trading despite the freeze, he claimed that he’d become so wealthy that if MEXC ever unfroze the funds, he’d give away the proceeds to the community. Then, on October 10, HyperLiquid liquidated $63 million of his then-larger assets amid a contentious pricing print from a data oracle. Though briefly devastated, MEXC eventually agreed to unlock his assets, prompting celebrations over his legendary return and, predictably, the creation of various memecoins. Smelling an opportunity, The White Whale decided to use some of his recently unlocked $3 million, earmarked for “the community,” to overtake one of these eponymous memecoins and add liquidity on its trading pairs. The White Whale of crypto Most crypto traders simply laughed as he attached cringe-worthy images of a white whale engaged in financial transactions to his trading commentary tweets. The laughter was appropriate, given how impossible it is to verify his narrative. So-called decentralized exchanges with limited know your customer requirements like HyperLiquid allow anyone to create an unlimited number of wallets and manipulate the pricing of markets across various wallets that they control. In other words, no one except the trader knows if someone has sole claim to a single wallet and username, or whether someone is using multiple wallets in order to craft a trading history for one of many usernames. The White Whale, like the titular whale in Herman Melville’s 1851 novel, Moby Dick, has become an obsession to many on social media, thanks to the fantastic sums of money at stake, the clownish images, and the ostensibly philanthropic, Phoneix…
Share
BitcoinEthereumNews2025/12/08 21:19
Top 2000× Crypto Picks for 2026 – Why IPO Genie ($IPO) Is the Standout
Have you ever wondered which crypto could explode 2000× by 2026, while still delivering real crypto utility, not just hype? […] The post Top 2000× Crypto Picks for 2026 – Why IPO Genie ($IPO) Is the Standout appeared first on Coindoo.
Share
Coindoo2025/12/08 21:36