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As of October, the revenue of the Farcaster protocol has decreased by 96% compared to its peak month.

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Odaily
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Oct 25, 2024

According to Dune Analytics data, as of this month, Farcaster's cumulative revenue is approximately $15,825, significantly lower than the $415,900 reported in February. Its revenue last month was $32,840. According to previous reports, Farcaster completed a $150 million Series A funding round, with participation from Paradigm, a16z crypto, Haun Ventures, among others, and this round was valued at $1 billion. Farcaster co-founder Dan Romero stated at the time that the funds would be used to support the service for "many years to come" and would expand the daily active user base throughout the remainder of 2024.

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