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Farcaster shifts focus, Aave transfers stewardship, Stablecoins dominate transactions, and other Web3 news

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  • Dan Romero, former vice president at Coinbase, confirmed that Farcaster is not shutting down and will shift to a developer-focused direction, while the platform had 250,000 MAUs in December and over 100,000 funded wallets; Aave transferred Lens Protocol stewardship to Mask Network, indicating consolidation in the crypto social segment. (📰NFTgators)
  • Stablecoins are primarily utilized by institutions and DeFi applications, accounting for 99% of transactions, with only 1% used for retail payments, as highlighted by Anton Golub of Freedx and supported by McKinsey’s report. (📰blockzeit.com)
  • PulseChain is a Layer-1 blockchain designed to address scalability and cost issues of traditional networks, offering faster transactions and lower fees while being fully decentralized and EVM-compatible, and it launched as a complete fork of Ethereum. (📰TechBullion)
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