PANews reported on October 25 that according to Captain Zwingli ( @ChrisJourdan ), the decentralized social platform Farcaster has seen a significant slowdown in protocol revenue growth since it completed a $150 million financing in May this year . Although the valuation had reached $1 billion at the time, the cumulative revenue on July 1 exceeded $2 million, and has only increased to $2.34 million in the past four months.
According to Dune data, Farcaster's revenue performance in October was particularly sluggish, with only four days of daily revenue exceeding $1,000, and the cumulative revenue this month was only $10,000. Compared with the growth trend at the beginning of the year, Farcaster's revenue growth has slowed down since its financing in May, and it has been less than $1 million so far.
