Friend. tech’s user activity on Friday has a major re-awaking after a short fizzling last week. Friend. tech the decentralized social media platform has seen a sudden flow brust in total value locked, doubling to touch more than $20 million in the last four days.
According to the data from Dune Analytics, Friend. tech’s activities have been revitalized over the last few days. The app reported a $12.3 million trading volume daily. The September 9th trade day is the third highest ever
Herro explained,
“I believe FT will stick around up until a token is launched in ~5 mo. Prior to, and after that, its future will depend on the team. I believe they’ll reduce fees, increase creator revenue earned & onboard non-crypto natives in order to succeed”.
On August 11th Friend. tech launched on Coinbase’s layer-2 Base. also its 10th day it charges an overwhelming $5.9 million in fees. Shortly the user’s activities are interrupted that’s why the daily fees plummeted up to 87% and transaction volume fell over 90% in the course of the next week.
The interruption was created by some bugs that caused the prematurely declaring the platform as “Dead”.
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News Source: https://shorturl.at/btLR8
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