Friend.tech, a decentralized social network, has achieved record-breaking milestones in recent days. This social networking platform has been experiencing a spree of triumphs, reaching new heights in transaction fees since August 21, showing its increasing success in the blockchain industry.
On September 9, the platform witnessed an enormous inflow of 4.06k ETH, setting a single-day record and boosting its total value locked (TVL) to an impressive $19,388,416. Such tremendous growth serves as a beacon for the SocialFi business, showcasing its immense potential and profitability in the blockchain market.
Prominent Chinese reporter Colin Wu shared this achievement on his official Twitter page, Wu Blockchain. This platform operates on Coinbase’s layer 2 Base blockchain. Wu emphasized the notable surge in transaction volume for Friend.tech, which reached an impressive $12.32 million, effectively showcasing the platform’s robust growth trajectory.
The remarkable journey began on August 10 when Friend.tech launched and made an immediate impact by garnering global attention and attracting over 8.5k users on its first day. The platform continued to excel, generating approximately 3.2k ETH in trading volume – a significant achievement that reflects its instant acceptance within the blockchain community.
Blockchain: The Driving Force Behind Friend.tech’s Success
The current value locked (TVL) on Friend.tech for minting keys has reached an impressive $19,388,416. This indicates significant growth and showcases the platform’s success in attracting a substantial user base. With over 137,171 users conducting at least one transaction, it is evident that users have placed their trust in Friend.tech.
The platform’s popularity has even extended to non-crypto native celebrities like NBA player Grayson Allen and Y-Combinator partner Garry Tan, who have joined and created profiles on Friend.tech. Their presence underscores the potential of SocialFi and highlights the profitability of the business.
By combining blockchain technology with social networking, Friend.tech stands as a pioneer in its field, setting new standards and pushing boundaries. With its achievements and the trust it has gained from both users and celebrities, Friend.tech is poised to redefine the social media landscape by bringing innovation grounded in blockchain principles.
As we witness this exceptional journey unfold, it becomes clear that Friend.tech has established its presence in the competitive blockchain market while opening doors to endless possibilities for future social networking.
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