@nickysap

Enough yapping. Let's get serious about something. The old guard are demonstrably leaving the platform. I've heard several people say that Farcaster's pivot to trading/wallet is focusing on the users who churn quickest. But I'm not a fan of anecdotal evidence. In this case, however, the hard data tells a similar story. Looking at cohorts of users who joined during massive speculation waves vs. those who have been here longest, you can see that OGs (read: the old guard) stick around longer, and many of them are still here. The Degen cohort has mostly evaporated but they stuck around for quite a while (nearly a year for the majority, even spiking back up towards the end of their tenure). The Clanker acquisition/Warplet meta joinooors cratered almost instantly. Interestingly, those older cohorts recently fell drastically, right around the same time as the shift in priorities began. While I'm not part of that 2023 cohort, I have watched many of these cohorts come and go in real time. The data confirms what many of us have felt. It's still perhaps too early to tell if new cohorts of trading-focused users will follow a similar trajectory but the data shows that optimizing for wallet users is likely to attract fickle, disloyal users while churning loyalists who built the network. Keep in mind, this is just data. The correlation is objective. The causation is debatable. The question: what happens to Farcaster when the users who built the network decide it's no longer built for them? Note: this chart is a fork of @neynar's and can be found here (https://dune.com/queries/6320243/10064923/)

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