Decentralized social media app Friend.tech
Friend.tech, a decentralized social media app, has recently gained significant popularity in the crypto community. In the past 24 hours, it has emerged as one of the top earners in the industry, generating around $1.68 million in fees. Over the span of a week, it has accumulated a staggering $4.61 million.
Main Breakdowns:
- Friend.tech allows users to issue shares to their followers, granting access to closed group chats.
- According to DefiLlama, Friend.tech’s earnings are second only to Ethereum (ETH), which received $3.45 million in gas fees during the same period.
- Friend.tech has outperformed prominent networks like Bitcoin (BTC) and Tron (TRX) as well as established decentralized exchanges such as Uniswap and PancakeSwap.
Hot Take:
Friend.tech’s impressive performance in terms of earnings highlights the growing popularity of decentralized social media platforms in the crypto space. As the industry continues to evolve, we can expect more innovative applications like Friend.tech to emerge and disrupt traditional social media models.
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