Track icemandot’s trading wallets on Arkham:https://t.co/hkshxPK1B0 ...

farcaster just torched 4.5 years of decentralized social after raising $180m from paradigm and a16z. acquired clanker at $4.8b volume, pivoting entirely to trading wallets. their mini-app donut did $100k revenue in one weekend, social features generated zero. 83% of base transactions flow through farcaster infrastructure. the social graph becomes distribution for trading, not the product. ...