RT Ignas | DeFi (@DefiIgnas)Farcaster is admitting what everyone felt for a while.The decentralized social network never found real PMF. Despite 4.5 years of trying and a few successful adoption spikes.X networks effects too hard to break free from.Instead, Farcaster will focus on being a wallet first, social network second.>user signs up>funds wallet>uses the wallet>finds it useful>while using wallet user finds social features"It’s far easier to add a wallet to a social network than a social network to a w ...

App Design & Social Trading - App design is trending towards collaborative onchain trading, moving away from solitary experiences [1] - Apps in this design space, like FOMO, are experiencing sustained success [1] - FOMO raised $2 million from industry figures in February [1] - FOMO provides a user-friendly and social environment for trading tokens across Solana, Base, and BNB on mobile [1] FOMO's Key Features - FOMO offers gasless transactions and seamless fiat onramps via Apple Pay, Venmo, or debit card [2] - The app features a familiar feed-style UX and optional wallet management [2] - FOMO's social network allows users to view balances, token holdings, and shared theses [2] - User profiles display open and closed positions, promoting transparency [3] - Users can follow accounts to receive notifications about trades, enabling tailing or counter-trading strategies [3] User Experience & Improvements - The app is helpful for discovering quality traders and tokens and gauging market consensus [4] - Everything is denominated in USDC for cleaner balance management [5] - Latency can be noticeable, especially on Base [6] - Filtering options for the feed could improve user experience [6] FOMO's Core Tabs - Home displays market trends and ongoing trades [7] - Friends and Leaderboard shows top performers with dynamically updating rankings [7] - The Feed aggregates real-time trade updates across FOMO [7] - Referrals offer 10% off fees and allow users to earn 25% of trading fees in USDC [7] Overall Assessment - FOMO exemplifies the integration of a social layer into crypto trading, making it accessible and mobile-first [8] - FOMO sets a benchmark for features and polish in crypto apps [9]