PANews reported on December 7 that Farcaster co-founder Varun Srinivasan said on the X platform that Farcaster's new data layer Snapchain will enter Alpha testing in December, with the goal of full launch in the first quarter of 2025. Snapchain is written in Rust, can handle 10,000+ TPS, and will support millions of daily active users. Snapchain allows users to pay a certain fee each year to make unlimited transactions. Users create an account by initiating a transaction to the registration contract on the OP mainnet. After creating an account, users can sign Snapchain transactions using the "application key" configured by the registry.