Friend.Tech TVL Dropped as Low as 22.431 ETH

Crypto News – The data for Friend.Tech has lately reached all-time lows, indicating a decreasing direction in the company’s statistics.

Friend.Tech TVL Dropped as Low as 22.431 ETH

Recent sources state that on November 1st, the platform’s trading volume and fee capture fell to $881k, a sharp decrease from its prior levels that was eerily similar to the lows seen in early September. The site currently has 6.03k active traders, which highlights the significant decline in market activity and user engagement.

The daily average of new users on Friend.Tech data over the last three days has decreased to about 560, which, when combined with the declining trade metrics, indicates a worrying trend in platform adoption and user acquisition.

TVL Decline Raises Concerns

In the face of these difficult circumstances, the Total Value Locked (TVL) of Friend.Tech data has significantly decreased by roughly 25.8%, falling from a peak of 30,247 ETH in early October to 22.431 ETH. This steep decline in TVL raises concerns about the platform’s overall market position and long-term viability, in addition to reflecting the declining trust and involvement of investors within the Friend Tech ecosystem.