Daily

Decentralized social media platform friend.tech has seen a sudden surge in total value locked (TVL), doubling to reach more than $20 million within the last four days.
Only two weeks ago, the crypto community thought the platform was “dead” after activity on the app declined dramatically.
<a target="_blank" href="https://tokeninsight.com/en/research/daily-digest/is-friend.tech-dead-crypto-daily-digest-aug.-31">Is Friend.tech Dead? | Crypto Daily Digest Aug. 31</a>
Activity on Friend.tech has witnessed a significant resurgence over the last two days, with the app witnessing 400K in transactions, the 2nd highest number ever, on Sept. 10, according to data from Dune Analytics.
<img src="https://s2.tokeninsight.com/static/calendar/img202309111005472fc5e56d-20f8-4a42-bf6f-f940e7d2b09e.jpg">
One pseudonymous crypto analyst on X (Twitter) <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/Tyler_Did_It/status/1700939697336574008?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1700939697336574008%7Ctwgr%5E68fec6ea3d3eda9992c0d4614118495b4629a7f0%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Ffriend-tech-tvl-surges-weeks-after-being-declared-dead">TylerDidIt</a> pointed out, on Sept.10, trading volume on Friend.tech eclipsed that of OpenSea, outperforming the NFT platform by more than $3 million on the day, as reported by Cointelegraph.
<img src="https://s2.tokeninsight.com/static/calendar/img20230911100748a45e0bdc-914a-4514-9aa1-b9d4213aba05.jpg">
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a>
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a>
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>

Friend.tech Resurged, Trading Volume Surpassed Opensea

TokenInsight

Other articles published on Sep 11, 2023

Ripple covers Fortress Trust users’ losses

UAE’s Royal Office Visits Korea to Further Security Token Collaboration with AIITONE

Digital Asset Outflow Dampen Sentiments, Bitcoin Suffers Most

PEPE, SHIB Dip to 30-Day Lows Amid Scam and Security Issues

Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows

SlowMist warns about ‘fake deposit’ flaw in Lido Token contract

Join our free newsletter for daily crypto updates!