Dune Digest 012
Farcaster Pro, Noice, EulerSwap, Celo payments, Exa Card
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Farcaster Pro Launches Amid Usage Surge
Farcaster Pro, launched on May 27, saw over 11K subscriptions minted within just three days. Priced at $120/year—payable in USDC or 12,000 warps. The product unlocks key features like full-text search, frame analytics, and extended cast history, tools aimed at Farcaster’s most active users and builders. The timing couldn’t be better: Farcaster's DAUs jumped from 30K to over 40K in May, and daily engagement (casts, links, reactions) more than doubled from 600K to nearly 1.5M. As activity deepens, monetization layers like Pro, alongside a growing number of tools for creators and developers, are turning Farcaster into a fully-fledged crypto-native social platform.
Check out how Dune’s Sim is powering token data in Farcaster's newly embedded Wallet, bringing real-time multichain visibility directly to users.

Noice Turns Attention into Currency
Launched on May 21, Noice is transforming Farcaster interactions into payments, one like, reply, or follow at a time. In just 10 days, users have sent over 281,000 tips from 2,886 unique wallets, totaling $22.9K+ across 14,000+ recipients. The average tip? Just $0.08, but a 90% return rate shows users are coming back. Tips can be sent in USDC or tokens like DEGEN, or used to unlock time: think DMs, 1:1 calls, or group chats. With 18K+ casts mentioning Noice and /noice quickly gaining traction, it’s clear the experiment is catching on. From micropayments to access-based social tokens, Noice is building a financial layer beneath social interactions.

EulerSwap Merges Swaps and Credit
Last week, we covered how Jupiter is entering the lending space with a new protocol built on Fluid, bringing borrowing into Solana’s largest DEX. This week, the direction flips: Euler is leveraging Uniswap v4 to build EulerSwap directly on top of its lending vaults, turning idle liquidity into productive capital. LP deposits flow through these vaults, letting the same capital power swaps, earn yield, and serve as collateral, making trading and borrowing more capital-efficient and composable. On May 29, Euler’s vaults reached an all-time high of $1.847B in TVL. Regardless of the direction—DEXs tapping into lending, or lending protocols expanding into trading—the concept of a “super DeFi app” that unifies AMMs, credit, and capital efficiency under one roof is becoming a consolidating playbook.

Celo Doubles Down on Onchain Payments
A few weeks after highlighting the rise of crypto-native payment cards, we’re back in the payments arena, this time with Celo and Loop Crypto. The partnership brings frictionless stablecoin payments to Celo. Loop integrates directly into existing invoicing and billing systems, letting businesses tap into Celo’s 1-second blocks and sub-cent fees without the usual crypto complexity. The onchain activity backs it up: stablecoin transfer volume on Celo remained strong in May, reaching $27.7M. While USDT still leads with $17M, Celo-native and regional stablecoins like cUSD ($8.9M), cREAL, cGBP, and cCHF are playing an increasingly prominent role. With apps like MiniPay using these tokens for global transactions, Celo is showing how stablecoins can become everyday money.

Exa Card Pushes Crypto Payments Forward
The growth of crypto-native payment tools shows no signs of slowing, this time with Exa Card stepping into the spotlight. Exa is a self-custodial, onchain credit and debit card powered by Exactly Protocol, offering a “buy now, pay later” model that lets users spend while holding onto their crypto. While it officially landed on mobile app stores in March 2025, Exa users have already made over 38,000 payments totaling $2.3M in volume. More than 1,700 cards have been issued, with $1.1M in user balances and $500K in loans already processed onchain. With Exa joining the movement, the idea of paying natively with crypto is gradually becoming mainstream.

Nothing in this newsletter constitutes financial advice.
Always do your own research.
Dune Digest is all about cutting through the noise and surfacing the most relevant on-chain trends. If you have insights, dashboards, or data-driven stories that belong in the Digest, drop your suggestions here.
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