Anticipating Potential Airdrop and V2 Update, Friend.Tech Sees $7 Million Weekly Inflow
The social app Friend.Tech, which is rising in the bear market, is about to launch its own cryptocurrency, attracting a large influx of funds.
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Friend.Tech Weekly Inflow Reaches $7 Million
DefiLlama data shows that after months of capital outflows, Friend.Tech saw an inflow of over $7 million last week, bringing TVL to nearly $40 million.
This marks the first time since November last year that on-chain fees for Friend.Tech have exceeded $1.3 million in a single week, with platform revenue surpassing $600,000.
Friend.Tech's TVL peaked at $52 million in October last year, now only -30% away; however, in terms of ETH quantity, it was around 30,000 ETH at the time, and now it is about 11,500 ETH.
Friend Tech Insights|Facing the Largest Wave of Capital Outflows, Main Players Leaving Copycat Platforms
Anticipation for Friend.Tech v2
Friend.Tech is built on the L2 public chain Base, allowing Twitter users to bind and sell Keys, enabling users to engage in private chats with the influencer and hoping to obtain top information from the Keys seller. They also hope that the value of Keys will skyrocket as more users enter the market; Key sellers can receive a share in the transaction of Keys.
Last week's significant influx of funds into Friend.Tech originated from the positive news of v2's launch. The developer stated that the new version will be released on April 20 and aims to expand beyond the Twitter platform to attract new users.
The official also revealed the upcoming FRIEND token, emphasizing that all tokens will be airdropped based on points, with the sole purpose of continuously attracting users to the Friend.Tech platform and sustaining operations.
You get: 100% of $FRIEND
We get: to keep our livesDeal?
— friend.tech (@friendtech) April 6, 2024
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