User activity in Warpcast, a decentralized social network app, jumped by about 1,000% since January 28. The reason is the hype caused by the frames feature, added to the app a day earlier.
The Farcaster blockchain network saw an increase in the number of daily transactions from 200,000 to 2 million, Dune Analytics reported. During the same period, the daily number of active users on the network grew by 400% to approximately 25,000 unique active wallets (UAW). The Farcaster network owes its growth in activity entirely to the Warpcast SocialFi app.
The Warpcast team rolled out the frames feature on January 27, which attracted great interest among the crypto community. The technology is powered by the Farcasters EdDSA authentication system and allows users to interact with external apps and websites without leaving the Warpcast interface.
Users can create NFTs, make transactions, claim tokens, read external blog posts, and participate in polls without leaving the Warpcast app or signing transactions. By using the frames feature, users also reduce the risk of wallet leakage to zero, as reported by Dan Romero, Co-Founder of Farcaster and Former Engineer at Coinbase.
It’s worth noting that Warpcast’s growth comes amid a significant drop in interest in other SocialFi projects. Friend.tech’s user activity, which last spiked significantly in September, fell 97% from its peak. The SocialFi sector was on the list of possible Web3 industry trends for 2024, so that decentralized social networks may not be limited by the success of Warpcast in the foreseeable future.