Data: Farcaster protocol revenue has decreased by 96% from the peak month as of October

ChainCatcher message, according to Dune Analytics data, as of this month, Farcaster's cumulative revenue is approximately $15,825, significantly lower than February's $415,900. 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, and others, with a valuation of $1 billion for this round. Farcaster co-founder Dan Romero stated at the time that this funding 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. (The Block)