PANews reported on July 11 that according to The Block, user engagement for the decentralized social media protocol Farcaster hit an all-time 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, has 280,120 total users and 3,050 hubs, 190,540 connection addresses, and a network size of 142.83 GB. At the same time, Farcaster has generated 611.03 ETH in revenue, demonstrating its potential to create value in the ecosystem. Founder Dan Romer announced the development of new tools to support USDC in-app payments, which may be the reason for the surge in users.
