Farcaster ecosystem sets a new pace: 250,000 monthly active users, 100,000 wallets launched, and funding return in progress

TokenomicsTrapper · 2026-01-23T00:58:11+00:00

Farcaster, the decentralized social protocol, co-founder Dan Romero confirmed that the protocol is operating normally, with 250,000 monthly active users, and the ecosystem is gradually expanding. The new team Neynar plans to strengthen the development ecosystem to attract more applications. In terms of funding, Merkle announced a full refund of approximately $180 million in financing, demonstrating the protocol's execution capability and transparency.

TokenomicsTrapper

2026-01-23 00:58:11

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【ChainNews】Decentralized social protocol Farcaster has recently made new developments. Co-founder Dan Romero came out to clarify — the protocol is not shut down and is operating normally. Data shows that by December 2025, the monthly active users reached 250,000, with over 100,000 authorized wallets, and the ecosystem is gradually growing.

The plan for the new team, Neynar, is to steer Farcaster towards a more developer-friendly direction. The idea is clear — strengthening the developer ecosystem to attract more creative applications to go on-chain.

There has also been progress in fundraising. Merkle announced that they will fully refund approximately $180 million of the funding to investors. Dan Romero also added personal background: the funds he used to purchase his home came from Coinbase’s IPO proceeds, and this refund is unrelated to his personal assets. The overall tone reflects confidence in the protocol’s future execution and transparency.

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liquiditea_sipper

· 15h ago

250,000 monthly active users sounds good, but these numbers need to be viewed in the market... How many users will actually stay? The 180 million funding return is indeed sincere, but it still depends on whether Neynar can build up the developer ecosystem, otherwise it's just a castle in the air. By the way, Dan Romero's recent clarification was a timely stop-loss, otherwise rumors would be flying everywhere.

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LiquidationWatcher

· 15h ago

Oops, 250,000 monthly active users, still boasting? This number on-chain is indeed a bit quiet. --- Neynar becoming developer-friendly? Sounds good, but isn't it just the prelude to another funding round? --- $180 million fully refunded? This scale is quite rare, is it because they really have no confidence or are they truly confident? --- Dan Romero specifically clarified that his house money comes from Coinbase. This move is a bit... unnecessary? --- Once 100,000 wallets went live, they started bragging about the ecosystem's growth. Feels like this pace is a bit too fast. --- There's nothing wrong with the developer-friendly approach, but I'm just worried it might all end in vain.

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MetaMisery

· 15h ago

250,000 monthly active users want to turn things around? Come on, this number compared to Twitter is just a joke. $180 million still invested in investors, not bad posture, but it just feels a bit late. Can Neynar really make a difference after taking over? Let's wait and see. Developer-friendly sounds good, but what about ecosystem applications? Still the same few. Anyway, I can't quite understand the logic behind this move; it feels more like putting out fires than innovating. Having over 100,000 wallets is a good number, but what about activity? That's the key.

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GovernancePretender

· 15h ago

250,000 monthly active users sounds like a lot, but how many are actually using it... Anyway, I'll wait until Neynar improves the developer experience before saying more.

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MEVHunterNoLoss

· 15h ago

250,000 monthly active users, 100,000 wallets. These numbers look pretty good, but it still feels like Farcaster isn't gaining much popularity. Can Neynar really make a difference after taking over? Being developer-friendly sounds great, but in practice... 180 million to return to investors—what confidence that operation must take. However, Dan Romero's explanation seems a bit unnecessary; everyone probably doesn't care where his house money came from. Wait, is this really data from December 2025? Why haven't I heard about this news?

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