In recent years, many crypto projects have attempted to create decentralized social media platforms, but most have struggled to attract users due to the dominance of traditional giants. Friend.tech, which once took the market by storm, has seen its daily active users (DAU) shrink by 97%. However, Farcaster, founded in 2020 by former Coinbase engineer Dan Romero and receiving a $30 million investment led by a16z in 2022, has defied the odds. According to data from Dune Analytics, its DAU has g...