Given that Farcaster's product differentiation to Twitter is its onchain features, they should definitely include volume done through frame (and other primitives), and compare to other apps or even L1s
Founders
Sufficient attention & engament and servers continually unable to keep up growth would be one metric… a social media app somehow needs mainstream media publications or some big influencers to reach critical mass imo
Founders
DAUs making on-chain transactions could be one metric. That distinction between “free” and “paying” users could tell something about the economic value of the platform.
Founders
Lots of metrics to be considered but ultimate pmf would happen when enough users (TBD stat) of centralized apps feel this way: https://warpcast.com/mk/0x40a6df4d
Founders
It really depends on what market they’re after, which honestly, I don’t know.
Founders
When the measures go from WAU/MAU to DAU/WAU and then HAU/DAU (and I do think it’s headed there)
Founders
I think PMF only makes sense as a term in the context of a market & product. Others might disagree, but I think Farcaster currently has "PMF within the crypto beachhead, and as a speculation product". If this isn't some kind of PMF idk what is
Founders
This is what PMF looks like - engagement and user retention after the initial hype moment. (Arbitrum TVL chart)
Founders
My fav metrics are growth and retention. If farcaster adds new users at higher rates over time and each new user keeps making actions on the app, that's PMF
Founders
Some meaningful X amount of channels need to hit escape velocity on engagement. It can’t be a one-channel pony.
Founders