With Farcaster now all in on becoming the best wallet, what social is left? Well people talk about crypto, but we're also seeing the non crypto crowd pull back a bit with the largest non Merkle (Farcaster Team) company spending more time outside Farcaster with AI "experiments" https://farcaster.xyz/rish/0x6d146f9a and users voicing their opinion about Farcaster becoming to much "gambling and speculation" for their taste https://farcaster.xyz/polluterofminds/0xc9c2be91 which is part of the pendulum swinging crypto on the crypto <> social spectrum. A lot of crypto fanatics loving coins, trading and more are enjoying this moment and the better crypto experience they get from Farcaster wallet.

1. New Farcaster invite referral program shares trading fees in Farcaster Wallet between savings for the invited and kickbacks to the referrer.

   https://farcaster.xyz/v/0x6a07ac95

2. Linda is shifting her role at Farcaster (Merkle Manufactory) from Developer Ecosystem to new user onboarding aid. She also confirms the priority is users “interested in the wallet or posting crypto native content”

   https://farcaster.xyz/linda/0x93228a7c

3. For anyone building clients you can now onboard users for free and get the protocol fee back if you don’t like to pay for the user anymore. The user is save as they can pay the small protocol fee to retain their content or another app can cover for them.

   https://farcaster.xyz/v/0xecfaaf05

4. Token ideas & news stories are now part of the search tab on the Farcaster app https://farcaster.xyz/dwr/0xd7d6e89d

5. Student tuition paid for with Farcaster rewards!

   https://farcaster.xyz/nanah/0x3563be82

What did you see? tag @samuellhuber.eth on Farcaster to ping great insights for next week's episode.

Here's the current overview of Farcaster metrics.

• How much funds do users hold? aka what's the liquidity you can tap into? How much of these is held by quality users?

• Is the network growing? How many of these users are considered quality (using OpenRank global scores for filtering). How does activity look like?

• Which chains are used the most among influential accounts and how does Base vs Solana dominance look like?

• How many daily active users (DAU) does Farcaster have right now? How much activity exists aka how many new posts? how many of these new posts are from quality users?

The full data can be viewed live on the Dune Dashboard

I am surprised no one has done perpetuals well in a Farcaster Mini App that integrates the high leverage trading with it's resulting huge wins or losses with social of Farcaster.