Njal pfp
Njal
@cryptonjal
I think that it is more complex under the surface. Yes, rewards seems to have effect on the mix of casting, replying and liking (I will shorten this to CRL), but mainly for casters with spam label 0. Besides that, there's also an extra effect: after the huge increase in ETH-price appreciation, namely from 11 May. This also changes the CRL-mix of spam label 0. Before general available rewards, the CRL-mix was more stable for spam label 0. The CRL-mix of spam label 2 is still stable, and changes gradual overtime (if you look very well). Only after the ETH-price appreciation, the amount of engagement changes, both spam label 0 and 2. This result in relative higher percentage of label 0 cast, and a relative higher percentage of label 2 replies. So, both Rewards as market circumstances change casting behaviour, but spam label 0 is more opportunistic.
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Njal pfp
Njal
@cryptonjal
My source: https://dune.com/nhejyht/farcaster-dashboard
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JAstra
@jastra
Always interesting insights for us building mini apps! I think Rewards and Tipping are shaping user behaviour here (on top of general market sentiment), particularly spam label 0 users
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Pichi
@pichi
This is awesome analysis!!!! 1000 $HUNT
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