Lens and Farcaster Platforms Show Significant User Engagement, Lens Protocol Seeks $50 Million Funding

According to Odaily, a comparison of user engagement data on the Lens and Farcaster platforms has been released. The Lens platform boasts 404,429 unique users and 409,771 unique usernames. It sees a daily increase of approximately 1,000 to 3,000 users and has around 20,000 to 30,000 active users per day. The platform generates about 30,000 to 40,000 posts daily, with around 250,000 interactions. In contrast, Farcaster's data is even more impressive. The platform gains about 3,000 to 5,000 new users daily and has approximately 60,000 to 80,000 active users each day. The content production on Farcaster is significantly higher, with around 600,000 to 700,000 posts generated daily, and approximately 1,300,000 interactions per day. In related news, insiders have revealed that Stani Kulechov, the founder and CEO of Avara, is in talks with US venture capital firms to secure $50 million in funding for the Lens Protocol. This funding round would value the company at $500 million.