Decentralized social media platform friend.tech has seen a sudden surge in total value locked (TVL), doubling to reach more than $20 million within the last four days.
Only two weeks ago, the crypto community thought the platform was “dead” after activity on the app declined dramatically.
Is Friend.tech Dead? | Crypto Daily Digest Aug. 31
Activity on Friend.tech has witnessed a significant resurgence over the last two days, with the app witnessing 400K in transactions, the 2nd highest number ever, on Sept. 10, according to data from Dune Analytics.
One pseudonymous crypto analyst on X (Twitter) TylerDidIt pointed out, on Sept.10, trading volume on Friend.tech eclipsed that of OpenSea, outperforming the NFT platform by more than $3 million on the day, as reported by Cointelegraph.
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