📉📊 According to WooBlockchain, Friend.tech, a Base-based decentralized social network platform, experienced a historic low in the number of transactions, falling below 7,000. The number of active users hit an all-time low, and commission revenue was just 11.5 ETH. In contrast, the Total Value Locked (TVL) reached 17,000 ETH, marking a 16.4% increase compared to November 22. Fluctuations in the decentralized social network platform's metrics are noteworthy. 📱💼 #FriendTech #SocialNetworkPlatform #CryptoMetrics

#FriendTech , the #Web3 social network which surged in activity one year ago, renounced control over its smart contracts.

#FriendTech خيبت أملك
لا تقلق #Gamium هنا من أجلك

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الإطلاق والمشاركة والازدهار تعمل #MSTs على تمكين المبدعين من تحقيق الدخل من المشاركة بشكل لم يسبق له مثيل

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مثل مؤثري العملات المشفرة والفنانين المشهورين والمشاهير وأي شخص يمكن أن تفكر فيه ملفًا شخصيًا على Gamium.

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#metaverse في Gamium
-داخل الميتافورس هناك تجارب متعددة وألعاب ومتاحف وغيرها مثل الربح من خلال
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💰📈 Over the weekend, the ETH equivalent trading volume on Base-based decentralized social network platform Friend.tech surged to $10 million. Colin Wu suggests the increase in volume may be attributed to users exiting the platform, with over 5,000 ETH withdrawn, marking the largest withdrawal since October 24. However, there's a noted decline in new user growth and overall user activity since the end of October. The cryptocurrency lock-up deposit (TVL) associated with FriendTech also decreased by 21% to 17,100 ETH (approximately $33.6 million). 🌐💹 #CryptoTrading #ETHVolume #FriendTech

#Write2Earn
#FriendTech
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1. **Trading Volume Surge:** Friend.tech experienced a trading volume surpassing $10 million over the weekend, its highest in weeks.

2. **Potential Exit Behavior:** Analyst Colin Wu suggests the spike might indicate users leaving the platform.

3. **Ethereum Withdrawals:** Dune Analytics data reveals a faster rate of Ethereum withdrawals compared to minting, pointing to significant redemptions.

4. **Withdrawal Magnitude:** Over 5,000 ETH was withdrawn, the most significant since October 24, leading to a 21% drop in the platform's Total Value Locked (TVL) to $33.6 million.

5. **TVL Decline:** Friend.tech's TVL has fallen around 34% from its October peak of $50 million.

6. **User Stagnation:** Despite high cumulative user numbers (839,190), new user activity has not shown growth since late October.

7. **Security Issues:** The platform faces challenges with scams targeting users via phishing and SIM-swap attacks.

8. **Bot Removal:** The team removed 600,000 identified bot accounts over the weekend, inadvertently locking out genuine users.

9. **User Discontent:** Prominent crypto influencers reported being locked out, facing difficulties recovering assets, leading to growing discontent among users.

10. **Diminishing Hype:** As users express frustration and withdraw assets, the enthusiasm and interest in Friend.tech seem to be declining.

#FriendTech

KEY METRICS ON POPULAR #DAPPS

#MakerDAO $MKR #dYdx $DYDX #LidoFinance $LDO #Synthetix $SNX #FriendTech #GMX $GMX #OpenSea #Aave $AAVE #PancakeSwap $CAKE

FriendTech announces migration to Friendchain blockchain

#FriendTech , the #Web3 social network, is severing ties with Base, the #Ethereum #Layer2 network supported by #Coinbase Instead, it's opting for a migration to its own #blockchain , Friendchain, developed in partnership with #Conduit.

Friend.tech is getting ready to launch version V2 and an airdrop on May 3. However, there are concerns that the airdrop may include NFTs, restricting recipients from selling or exchanging the tokens, except for certain whitelist protocol addresses.

#FriendTech #nft #Memecoins #buythedip #BullorBear

📰 Foreign press reports signs of a user exodus from FriendTech, a blockchain-based decentralized social network platform, citing the emergence of numerous similar DApps. Notably, the popular Friend Tech account owner had issued DApp New Bitcoin City keys, with the current value of Bombatus' New Bitcoin City key estimated at $3 million. 📉🌐 #FriendTech #DApps #CryptoTalks 🪙💻

Friend.tech responds to community feedback, deciding not to move $FRIEND token to another chain, keeping it 100% community-controlled.

Fees will now go entirely to traders, LPs, and Club presidents.

#FriendTech #friend.tech #FriendTechUpdate #FRIEND #BinanceTournament

#FriendTech has transferred control of its smart contract to the #Ethereum null address, effectively halting any future updates to the platform.
This irreversible move freezes the platform's functionality, ensuring complete decentralization by eliminating centralized control.
While seen as a step toward true decentralization, this decision may prevent the platform from addressing future bugs or introducing new features, potentially leaving it stagnant and unable to evolve with user needs and emerging technologies.
#FRIEND #Binance #TrendingTopic

Friend.tech has completed the audit of its V2 version and announced on social media that the official release is set for April 29. The specific updates have not been revealed, but users are excited about the promised new functionalities.

The company has set an end-of-April release date to make final adjustments and ensure a successful launch, demonstrating its dedication to innovation and providing top-notch tech solutions.

#FriendTech #bitcoinhalving #Megadrop #BullorBear

friendtech, a Web3 social platform, has announced the launch of its v2 version, which includes new features like Money Club, a new points program, and custom curves.

#friend.tech #web3 #FriendTech

🚨 Crypto Trader Loses $16 Million After a $17 Million Bet on Friend.Tech 😱

In a shocking turn of events, crypto influencer Machi Big Brother lost a staggering $16 million after investing $17 million in Friend.Tech (FRIEND) tokens. He initially bought 11.1 million FRIEND tokens for 5,200 ETH ($16.7 million), but the value nosedived to just $0.7 million following a massive sell-off. 😬

The downfall came after the Friend.Tech team abandoned their smart contract control, leading to the project's shutdown within a year. The collapse of FRIEND’s value highlights the wild risks and volatility that come with the cryptocurrency world.

Stay cautious, traders! 🚀💸 #FriendTech #CryptoTrading #Binance #RiskyBusiness #LowestCPI2021

In a year where Bitcoin skyrocketed to a historic $73,000, the crypto world was buzzing with excitement—but not every tale had a happy ending. Machi Big Brother, a prominent crypto personality, took a bold leap into the Web3 social network project Friend.tech, investing a jaw-dropping $16.7 million in FRIEND tokens. What started as a high-stakes bet soon spiraled as the market took a downturn, wiping out most of his fortune.

Machi Big Brother’s ambitious move saw him acquire 11.1 million FRIEND tokens with a massive 5200 ETH investment. But with speculation swirling around Friend.tech’s future, fueled by the shocking transfer of smart contract control to invalid Ethereum addresses, fear of a platform shutdown spread like wildfire. Though the Friend.tech team quickly reassured the community, the damage was done.

From $16.7 million to a mere $700,000, his holdings took a massive hit. A slight bounce brought his value back over $1 million, but the staggering $15 million loss lingers. Could this be a wake-up call for crypto investors to tread carefully? Stay tuned for more on this unfolding drama!

#Write2Earn! #MachiBigBrother #FriendTech #CryptoInvesting #Binance $BTC

I see many people are fading on Friend Tech because of Blast. This is an underdog cooking in silence and as the crypto continues to rise, the airdrop will be a big one.

To qualify, it's simple.
1. Create a friend tech account: https://www.friend.tech/
2. You will need an invite code so you can have some of mine.
ft-2golq817
ft-4odc3dwf
ft-55lw5wpr
ft-725auhgo
ft-87twcm7b
ft-9lqgwpkr
ft-aw70r2r4
3. Start growing your bag by buying keys
Feel free to grab mine.. under $12 so really cheap also an alpha cause something is coming. (Search Craziefingers)
4. Buy some of your own keys and try to get others buy them.
5. Your all set and you will start receiving points weekly

Note: Try to be active as well as they count this when giving points weekly.

Enjoy the Alpha and don't fade.

#Blast #CryptoTrends2024 #friend.tech #FriendTech #base

Friend.Tech Token Drops 25.6% in 24 Hours

FRIEND Token Sees Sharp Decline
According to BlockBeats, the FRIEND token has experienced a substantial decline over the last 24 hours, falling by 25.6%.

Key details include:
Current Price: $0.06668
Market Capitalization: $6.29 million
24-Hour Trading Volume: $221,000

Impact of Smart Contract Changes

In a related update, the developers of Friend.Tech have recently handed over control of the protocol’s smart contract. This decision may have contributed to the recent downturn in the FRIEND token’s market performance.

Market Outlook
The relinquishment of control over the smart contract has raised questions about the future direction of the project, and traders are closely watching how these changes will impact token stability and long-term value.

#FriendTech #friend.tech #CryptoDecline #smartcontract #CryptoMarketTrend

The devs of Friend Tech have given up control over its smart contracts, moving the project to a zero Ethereum address.
The network is effectively dead - users make a minimum number of transactions, the token capitalization, which reached 200 million at its peak, is now less than 950k

A large fund, Paradigm, invested in this project.

Lessons
1. No one cares about fundamentals, the crowd doesn't need blockchain solutions, decentralization, people need gambling and money! It doesn't matter what they can earn money on!

2 Developers are here for money too! All solutions that have been presented in the last few years die within a year, and no one needs these solutions because in the 15th year of the crypto industry we still use even MasterCard or Visa to pay with supposedly cryptocurrency! Web3 as such does not exist yet!

3 Funds with their super analysts also lose crazy money investing in shitty startups!
#FriendTech #scamriskwarning