A highly professional and data-rich review of Consumer Crypto for Q2. Two trends I'm interested in are: socia…

A highly professional and data-rich review of Consumer Crypto for Q2. Two trends I'm interested in are: social protocols rising, socialfi apps declining. Social protocols like Farcaster and Lens have seen increased active users this year, driven by the crypto-native community, Frames/open actions for onchain interactions, and various “social utility tokens”, boosting user engagement. Conversely, socialfi apps have seen significant declines in trading values and active users after initial growth. Besides https://fantasy.top, https://friend.tech, and wildcard, other socialfi apps on the Farcaster eco have faced similar issues. Attention is shifting to direct "PVP socialfi" games like https://pump.fun. This trend suggests that while the development and growth of crypto-native social protocols are settling into a more regular pattern, there's still much to explore in designing upper-layer applications and introducing "Fi". finding sustainable token models and effective incentives for creators remains an ongoing challenge. https://paragraph.xyz/@consumercrypto/consumer-crypto-q2-24?referrer=0xC304Eef1023e0b6e644f8ED8f8c629fD0973c52d