Decentralized social media app Friend.tech has gained significant popularity in the crypto industry in recent days and has become a top earner in terms of revenue. According to DefiLlama data, the platform allows users to issue shares to their followers in exchange for access to closed group chats and has generated approximately $1.68 million in fees within the last 24 hours and $4.61 million over a seven-day period. This places Friend.tech as the second-highest earner in terms of fees, just behind Ethereum.
Friend.tech has outperformed major networks like Bitcoin and Tron, as well as decentralized exchanges such as Uniswap and PancakeSwap. Its rapid growth is evident, as it launched as an invite-only beta on August 10 and amassed around $8 million worth of ETH in Trading volume. Since then, the platform has facilitated over $62 million worth of ETH traded across 1.67 million transactions, according to data from Dune.
The app has also attracted attention from prominent figures in the crypto industry, including HsakaTrades and Cobie, as well as esports influencer FaZe Banks and professional basketball player Grayson Allen. Despite its initial success, some remain skeptical about the long-term viability of Friend.tech. Concerns include the absence of a privacy policy, the requirement to provide ETH upon signing up, and a purported lack of a clear roadmap for the platform’s Development.
In conclusion, Friend.tech has gained significant traction in the crypto industry, ranking as one of the top earners in terms of fees generated. However, skepticism remains regarding its long-term viability due to various concerns raised by users and industry observers..
#Hottest #Trend #Crypto
Friend.tech has outperformed major networks like Bitcoin and Tron, as well as decentralized exchanges such as Uniswap and PancakeSwap. Its rapid growth is evident, as it launched as an invite-only beta on August 10 and amassed around $8 million worth of ETH in Trading volume. Since then, the platform has facilitated over $62 million worth of ETH traded across 1.67 million transactions, according to data from Dune.
The app has also attracted attention from prominent figures in the crypto industry, including HsakaTrades and Cobie, as well as esports influencer FaZe Banks and professional basketball player Grayson Allen. Despite its initial success, some remain skeptical about the long-term viability of Friend.tech. Concerns include the absence of a privacy policy, the requirement to provide ETH upon signing up, and a purported lack of a clear roadmap for the platform’s Development.
In conclusion, Friend.tech has gained significant traction in the crypto industry, ranking as one of the top earners in terms of fees generated. However, skepticism remains regarding its long-term viability due to various concerns raised by users and industry observers..
#Hottest #Trend #Crypto
