DeSoc Deep Dive: Decentralized Social Apps Hit 8.7M Users in Four Years as Farcaster Emerges as the New Growth Engine After Friend.tech

ETH
Galaxy ResearchFriend.techFarcasterSocial-fiDecentralized SocialDeSocUser Growth
1 hour agoSource: blockweeks.com
DeSoc Deep Dive: Decentralized Social Apps Hit 8.7M Users in Four Years as Farcaster Emerges as the New Growth Engine After Friend.tech

On-chain Data Overview

Four Types of DeSoc Applications

  • Legacy Social Media: Includes public posting, commenting, liking, and direct messaging features.
  • : Involves purchasing assets that unlock gated content (such as Friend.tech keys), or fractionalizing ownership of social media content (such as post.tech).
  • Collecting: Focuses on collecting digital assets, mainly NFTs.
  • Others: User experiences that do not fall into the above three categories.

Friend.tech and the Social-fi Wave

The Rise of Farcaster

Outlook