Degen

How much of FC’s growth should be attributed to $degen?

Correlation between $DEGEN price and total casts has dropped from 0.94 to 0.57. Still positive, but not as strong as it was in the early days.

Looks like DEGEN is starting to grow outside of Farcaster 🫡 

h/t 🎩: @0xluo.eth 

source: https://dune.com/queries/3472316/5861162

Originally I would have said a very high number, but the Farcaster team has done a lot to kill the bots and give DEGEN room to grow.

Originally I would have said a very high number, but the Farcaster team has done a lot to kill the bots and give DEGEN room to grow.

https://warpcast.com/joeblau/0xb1e0fe50

It’s a value on a curve that is growing at roughly the same rate as FC dau