With the goal of building a protocol where trust and neutrality are emphasized, Farcaster has gained a lot of trust from crypto community. So what is Farcaster? Let’s dive into this article.
What is Farcaster?
Farcaster is a social network application development protocol that is part of the SocialFi on Base, allowing users to interact on the application with familiar features such as posting, expressing emotions, commenting... similar to Web2 social networks.
Farcaster's difference is to take advantage of the benefits of blockchain technology, to help users fully control the social graph on Web3 in a decentralized, transparent and data privacy-protecting direction.
In addition, the project also provides a set of tools and programming frameworks to support developers to easily and seamlessly build dApps without third-party licensing.
Read more: How to get Farcaster Airdrop?
Farcaster structure
Farcaster consists of three layers: Identity layer, data layer, and application layer.
Identity Layer
The identity layer includes a series of Smart Contracts also known as Registry Contracts used to manage accounts, each account's memory, keys stored onchain on Optimism. The username will be managed offchain for the namespace operated by Farcaster or onchain with a domain name from a third party such as ENS. For Registry Contract includes 3 main Smart Contracts:
- Id Registry: Issues fids to create new accounts on Farcaster.
- Storage Registry: Rents storage units for an annual fee. Each account must have at least one storage unit to publish messages on Farcaster.
- Key Registry: Allows each account to register signers for their activities on social networks such as posting Posts, Likes, ...
Data Layer
Farcaster’s off-chain system is a network of peer-to-peer servers called Hubs that store user data. Most of the actions a user performs will be stored in this Hub, including:
- Posting a new post.
- Following another user.
- Reacting to a post.
- Updating a profile photo.
Application Layer
The application layer includes all dApps that leverage the common data source Farcaster Hub to develop unique features on its platform.
How does Farcaster work?
Farcaster work with three key points:
- Various types of user-generated social content (any information posted by users on Farcaster) are not stored on the Blockchain but are stored on the Hub Node in the Farcaster Network. This will significantly reduce the cost of storing and distributing content on the Farcaster ecosystem.
- As a distributed storage Node, the Farcaster Hub is responsible for storing and disseminating user content. Each Farcaster Hub uses an incremental data structure such as Directed Acyclic Graph to store user content. This storage method allows nodes to quickly access the network and efficiently synchronize the latest data.
- Farcaster supports developers to develop various Client Applications by accessing the Farcaster Hub network to retrieve data and display that data to end users in various ways. This provides users with a rich selection of applications and allows developers to maximize their creativity.
Through these technical methods, Farcaster has realized an open, secure and efficient decentralized social network that not only reduces operating costs but also gives users and developers more freedom.
Farcaster flagship features
Here are some flagship features on Farcaster:
- User identity and names: Off-chain names and on-chain names for advanced personalization and full property.
- Frames: applications integrated into social flow: Launch surveys, Mint NFT or participate in games directly from your posts. These features transform social interactions into interactive experiences.
- Censorship resistance: Farcaster assures that no user can be excluded from the network, even if the rest of the network tries to block it.
- Cost and profitability: Using Farcaster requires an annual subscription, covering storage costs and reducing spam and bots.
Farcaster Latest Update
On May 22, 2025, Farcaster announced Solana support, allowing users to connect Solana wallets directly to the platform. This feature allows for Solana address verification via Phantom wallets and interaction with Solana-based Mini Apps without the need for wallet switching or complex authentication. Users can perform instant Solana token swaps and participate in airdrop programs by depositing $10 worth of SOL into the wallet.
For developers, Farcaster provides SDKs supporting Wallet Standard and Wallet Adapter, making it easy to integrate Solana wallets into Mini Apps. Neynar, a Farcaster partner, also provides a quick starter kit, allowing social apps and games to be built on Solana in less than 60 seconds.
Farcaster Information
Farcaster Key Metrics
Here is the information of Farcaster token
- Token Name: Farcaster
- Ticker: TBA
- Token Type: TBA
- Total Supply: TBA
- Contract address (CA): TBA
Farcaster Use Case
Currently, Farcaster has not announced any official use case of its token for the project. Whales Market will update immediately when the official Farcaster website announces.
Farcaster Listing
Here are important details revealed to Farcaster:
- Listing time: TBA
- Confirmed CEX Listings: TBA
- Pre-market Price (Whales Market): TBA
Farcaster Tokenomics & Fundraising
Tokenomics
Currently, Farcaster has not announced any official tokenomics for the project. Whales Market will update immediately when the official Farcaster website announces.
Fundraising
Farcaster has raised successfully a total of $180M through 2 funding rounds. Funds and organizations that have invested include: Paradigm, Variant, USV, Standard Crypto,...
Farcaster Roadmap & Team
Roadmap
Currently, Farcaster has not announced any official roadmap for the project. Whales Market will update immediately when the official Farcaster website announces.
Team
Here is core team of Farcaster:
- Dan Romero: Co-founder
- Varun Srinivasan: Co-founder
Conclusion
Farcaster has been popularizing the Wed3 industry, where platforms give value back to users. However, decentralized social networks like Farcaster are still relatively new and untested. It will be interesting to see how Farcaster and other decentralized social networks develop and gain adoption in the coming years.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What are the three main layers of Farcaster’s structure?
Farcaster consists of the Identity Layer, Data Layer, and Application Layer, which together manage user identity, data storage, and dApp functionality.
2. What is Farcaster pre-market price?
Currently, Farcaster hasn’t been listed on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
3. What is the price of Farcaster today?
Currently, Farcaster hasn't been listed yet.
4. How does Farcaster support developers?
Farcaster provides SDKs and frameworks that allow developers to easily build and integrate dApps or Mini Apps, including Solana wallet support via the Neynar starter kit.
5. How much has Farcaster raised?
Farcaster has raised successfully a total of $180M through 2 funding rounds, led by Paradigm.
6. What is Farcaster allocation?
Currently, Farcaster has not announced any official tokenomics for the project. Whales Market will update immediately when the official Farcaster website announces.