GM from the Farcaster Trenches!
Hey, it’s Kyle Patrick here, bringing you the latest updates and insights straight from the frontlines of the Farcaster ecosystem. Let’s dive into what’s shaping the week ahead and celebrate the incredible work happening across our community!
Today's Updates:
Stories from the Trenches
1. DEGEN Hits 1 Million Holders!
DEGEN has reached a monumental milestone—1,000,000 holders of $DEGEN on Base! This achievement marks a significant step toward greater decentralization, adoption, and network effects.
What Does This Mean?
Widespread Adoption: Growth in the tipping economy and broader awareness.
Stronger Network Effects: Increased utility and value for the DEGEN ecosystem.
Decentralization: A fairer and more distributed token ownership.
DEGEN Holder Breakdown:
90% of wallets hold small amounts, indicating wide distribution but also highlighting a challenge: many holders are not yet active users.
What’s Next for DEGEN?
Increase On-Chain Activity: Encourage more engagement and usage.
Build Real Use Cases: Develop games, casinos, and marketplaces to expand utility.
Ensure Fair Distribution: Reward real users and reduce farming incentives.
2. MOXIE is Gearing Up for Graduation Day
The Moxie website has been updated to track graduation status. Moxie Creator Coins will automatically graduate to Uniswap V4 pools once they reach a 25M $moxie market cap.
What Does This Mean?
More Liquidity: Enhanced trading opportunities with deeper market depth.
Seamless Trading: Graduated coins will be available for trading on Uniswap.
Liquidity Migration: $moxie from the bonding curve will move to Uniswap pools to support liquidity.
This feature is currently undergoing a security audit and will go live as soon as possible.
3. Bankr Wallet Mode in Development
Deployer is working on a new Wallet Mode for Bankr, allowing users to connect an external wallet, use natural language commands, and submit transactions directly through their external wallet.
Additionally, this update will enable third-party wallets to integrate Bankr directly, expanding its accessibility and functionality.
Disclaimer: This article is for entertainment and informational purposes only and should not be considered financial advice. Investing in cryptocurrencies and NFTs carries risks, including the potential loss of your entire investment.
