FARCASTER VS. LENS PROTOCOL

Summary from the TLDR Crypto newsletter

Decentralized social media protocols aim to give users ownership and power over their data. Farcaster is known for its engaging content and Frames – mini-apps allowing unique interactions with onchain content. Lens Protocol has been creator-focused, with customization around following and post collection. It has a similar albeit less-used Frames competitor called Open Actions. Farcaster's memecoin DEGEN and Lens' BONSAI act as a tipping and quality content incentivization mechanism, though DEGEN has grown much larger and has its own L3.