Social Media App FriendTech Hits $1.5 Million in 24 Hours

Crypto News – One of the top three cryptocurrency projects in terms of user-paid fees was the social media app FriendTech, which generated a total of more than $1.42 million in protocol fees over the previous 24 hours.

Social Media App FriendTech Hits $1.5 Million in 24 Hours

According to data from DeFiLlama, the increase in 24-hour fees has enabled Friend.tech to rank third behind the Ethereum blockchain and Lido Finance in terms of costs, ahead of Uniswap and Tron. The company’s fees for the previous week were $2.99 million, of which $1.49 million was revenue.

Friend.tech Reached Tremendous Statistics Since Launch

A Dune Analytics dashboard by Crypto Koryo shows that since the platform’s beta introduction, it has had 65,000 unique share traders and $26 million in trading volume. Although Friend.tech has moved up to third place in 24-hour fees, it is important to note that the platform is now exclusively accessible via invitation.

About Friend.tech

Friend.tech is a social software that is linked with X (Twitter) that uses Coinbase’s Base Layer 2 chain to enable the cross-profiling of tokenized shares. Exclusive information and discussion rooms are available only to shareholders. Y Combinator CEO Garry Tan and NBA player Grayson Allen are just two of the high-profile newcomers to the app’s user base during the last weekend. The app has recently garnered a lot of traction among Twitter users.