Transaction Fees on Friend tech Reach Unprecedented Levels Since August 21

Crypto News- Transaction Fees on Friend Tech; in the volatile and ever-changing realm of blockchain technology, Friend Tech, the decentralized social networking platform, has been making significant waves in recent days. It was reported that on September 9, Friend Tech experienced an impressive influx of 4.06k ETH, marking a new daily record.

Transaction Fees on Friend tech Reach Unprecedented Levels Since August 21

Renowned Chinese journalist Colin Wu, known for his influential Twitter account Wu Blockchain with 309.7k followers, initiated a thread to draw attention to the exceptional performance of this innovative decentralized social media platform, built on Coinbase’s layer 2 Base blockchain. According to Wu’s tweet, Friend Tech also achieved a remarkable surge in transaction volume, reaching an impressive $12.32 million.

Friend Tech made its debut on August 10 and quickly gained immense popularity worldwide, amassing over 8.5k users. On that very day, the platform recorded an impressive trading volume of approximately 3.2k ETH. Recent data reveals that on September 9, Friend Tech reached its highest transaction fee since August 21, totaling $1.2 million. This information is sourced from Dune Analytics.

Furthermore, Friend Tech has witnessed remarkable expansion in the Total Value Locked (TVL) attributed to the minting of keys. Presently, the TVL has surged to an astounding figure of $19,388,416. This growth is indicative of the platform’s increasing adoption and engagement.

A significant testament to Friend Tech’s growing user base is the fact that a substantial 137,171 users have conducted at least one transaction on the platform. This statistic underscores the widespread and active participation within the Friend Tech ecosystem, demonstrating its appeal and utility to a broad user demographic.