Friend.Tech Uncovered: The Social Media Game-Changer

Hey there, crypto enthusiasts! Have you heard the buzz about Friend.Tech? It's not just another social media platform; it's an entire ecosystem built on blockchain. Let's deep into what makes this platform tick.

What is Friend.Tech?
Friend.Tech is a decentralized social media platform that's turning heads. Unlike traditional platforms, it gives you full control over your data. But wait, there's more! It also features an NFT marketplace, making it a one-stop-shop for digital asset aficionados.

The Numbers Speak Volumes:
Total Value Locked (TVL): Friend.Tech recently saw its TVL skyrocket to a jaw-dropping $20 million.
Daily Transactions: Hold on tight! The platform has seen a 200% increase in daily transactions but also faced some criticism.

Trading Volumes: Fasten your seatbelts! Trading volumes have crossed the $220 million mark, generating nearly $1 million in daily fees.

The Market Landscape:
Friend.Tech is making a splash, ranking among the top 50 social media platforms on Binance Square. However, it's not all smooth sailing; the platform has had its share of turbulence.

The Copycat Phenomenon:
Imitation is the sincerest form of flattery, they say. Friend.Tech has inspired a slew of lookalikes. Is this a testament to its innovation, or is the market getting crowded?

A Word on Security:
Before you jump on the Friend.Tech bandwagon, there's something you should know. The platform has faced some security issues, so make sure to do your due diligence.

Let's Get the Conversation Rolling:

What's your take on the meteoric rise in Friend.Tech's TVL?
How do you interpret the platform's fluctuating daily transactions?
Are the security concerns a deal-breaker for you?

Wrapping it Up:

Think of Friend.Tech as a blockbuster movie with a star-studded cast, high-stakes drama, and a few plot twists. It's got its highs and lows, so make sure you're in it for the full ride!

Hashtags:
#BinanceCommunity #Decentralizedsocial #NFT #Socialmedia #Friend.Tech

Some Top 5 SocialFi Tokens That May Boom In The Next Bull Run📈📈!

First of all, you may rightly ask that: "What is the meaning of SocialFi?"

SocialFi simply refers to a portmanteau of social media & finance. It's the latest trend in Crypto which attempt to monetize social media as well as social interactions online.

So, basically what goes on with SocialFi concept is that you interact with others on a social media platform that monetizes your interactions.

For example, you can decide to message, & share and then combine these 2 actions with the option to trade the value of your interactions- this is the basic concept or idea behind friend.tech.

Alternatively, you can publish & monetize the value of your publication and/or content. And the later could essential be a Crypto version of OnlyFans.

With basic knowledge on what SocialFi token is, here are some top 5 SocialFi tokens that you may want to consider:

1. Friend.Tech

2. TipCoin

3. Friend3

4. Post.tech

5. Topic.Market

Friend.tech is a top SocialFi token on Base (L2 ) Chain.
TipCoin also leads SocialFi projects on Ethereum.
Friend3 is a leader of SocialFi stuffs on BNB Chain.
Post.tech leads on Arbitrum &
Topic.Market is gonna hold its fresh IDO on both BakerySwap & on Base. What makes Topic.market IDO hot🔥is that the Bakery team has invested a whooping $2Million USD in it. And Bakery Launchpad is scam-free.

The Beta is under test & the launchpad could soon follow. You can join official social media channel of BakerySwap to DYOR about Topic.Market, so if you like the idea then you participate in the upcoming launchpad.

Thanks for your attention & ensure to follow me for more Crypto hidden gems. 😉😊🤝💎💎

#SocialFi
#BakerySwap
#Friend.Tech
#Topic.Market
#BNBChain

The Total Value Locked ( #TVL ) in Friend.Tech has surged by $13.5 million in just two weeks. Following a period of what some termed as "clinical death," the Web3 social network Friend.Tech is once again displaying signs of growth. Since August 28th, the total value locked in the protocol has skyrocketed by 210%, going from $6.4 million to $19.95 million.

According to Dune Analytics, on September 9th, the platform saw a daily trading volume of $12.32 million, which is the third-highest in its history. However, by September 11th, this figure had decreased to $2.52 million. In total, Friend.Tech has collected $12.14 million in fees from 140,909 users who have completed at least one transaction.

#Friend.Tech was launched on August 10th on the #Ethereum #Layer 2 network Base, supported by Coinbase. It's a decentralized social platform integrated with X, enabling users to tokenize their profiles.

In less than three weeks after its launch, the trading metrics and activity of the application sharply declined, with transaction volume and fees dropping by nearly 90%. At that point, the community declared the project as "dead."

Initially, the app had several technical glitches and limited functionality. Over time, developers added new features such as photo uploads, payment options via bank cards, and new sections in the feed. The influx of new users from outside the crypto industry, including YouTube bloggers and content creators from OnlyFans, likely contributed to the recent surge in activity.

A representative of the Web3 social network, known as Pancakesbrah, noted that Professor of Neurobiology at the University of California, Berkeley, and the author of the bestseller "Why We Sleep," Matthew Walker, has joined the project. "I love seeing things like this! Bro [Matthew Walker] just joined, which underscores the point that some people don't understand - this app is not just for crypto folks. Every niche can find value in Friend.Tech," wrote Pancakesbrah.

#Web3