Solana

Collective

<div class="watcher-guru">  
 <p>The decentralized social media app friend.tech has been making it to the headlines yet again after recently being pronounced dead by community members. Earlier this week, the value locked on the protocol surpassed $20 million. However, at press time, the number was hovering around its newly created peak of $32.64 million.</p> 
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  <img decoding="async" width="1024" height="488" src="https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp" alt class="wp-image-111958" srcset="https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 1536w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 800w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 1160w, https://cdn.thebittimes.com/images/2023/09/14/1893c108a5724dad72d6060d7ffcfbd4.webp 1566w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: DeFilLlama
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 <p><strong>Also Read: NFTs: Stoner Cats Price Up 267% Despite SEC Cha</strong><strong>rges</strong></p> 
 <h3 class="wp-block-heading" id="h-will-friend-tech-be-able-to-compete-with-x">Will friend.tech Be Able to Compete With X?</h3> 
 <p>As analyzed in a recent article, the trading volume on Fried.tech was seen picking up pace. In fact, the NFT trade volume on the Ethereum blockchain was $3 million less when compared to the <a rel="dofollow" title="friend.tech" href="https://thebittimes.com/tag/friend-tech.html">friend.tech</a> volume. The Director of Research at PROOF Collective recently pointed out that the decentralized social media platform has paid creators $1,100,000 in a span of merely 36 hours. This figure was substantially higher than the amount handed out by Ethereum NFT platforms to their creators [140,000]. On the thread, the e<a rel="dofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a>ecutive went on to assert,</p> 
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 <p><strong>“No question, money is being pumped in.”</strong></p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">In the past 36 hours, FriendTech has paid creators $1,100,000.<br><br>All ETH NFT e<a rel="dofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a>changes combined have paid creators $140,000. pic.<a rel="dofollow" title="Twitter" href="https://thebittimes.com/tag/twitter.html">Twitter</a>.com/kYO2YUjC0U</p>— NFTstats.eth (@punk9059) September 13, 2023
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 <p><strong>Also Read: Nasdaq Getting Ready to List Spot Bitcoin ETF</strong></p> 
 <p>In fact, even on the <a rel="dofollow" title="fee" href="https://thebittimes.com/tag/fee.html">fee</a> front, h6YF1aZ<a rel="dofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a>ezwFpQ’s performance has improved. According to the latest data on DeFiLlama, the app has earned $15.5 million in <a rel="dofollow" title="fee" href="https://thebittimes.com/tag/fee.html">fee</a>s and $7.7 million in revenue so far, with $1.2 million and $597,977 coming in just the last 24 hours. In terms of&nbsp;ranking, h6YF1aZ<a rel="dofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a>ezwFpQ is currently ahead of top protocols like Tron, Bitcoin, Uniswap, Aave, MetaMask, and Solana on the <a rel="dofollow" title="fee" href="https://thebittimes.com/tag/fee.html">fee</a>s front.</p> 
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  <img decoding="async" width="1024" height="430" src="https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp" alt class="wp-image-111961" srcset="https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 800w, https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 1160w, https://cdn.thebittimes.com/images/2023/09/14/029d66d62fd63c05829584536e49164e.webp 1316w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: DefiLlama
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 <p><strong>Also Read: U.S. Lags Behind India, Vietnam in Crypto Adoption</strong></p> 
 <p>Despite the rising numbers, community members have not completely let their guard down. They feel that a decentralized alternative like friend.tech will not be able to replace pre-existing platforms like Twitter. An NFT commentator recently posted,</p> 
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 <p>“<strong>The honest reality is friendtech will never surpass traditional social media. We’re all in a gambling crypto bubble, which is fine for friend.tech, but quit acting like its the next Twitter.</strong>“</p> 
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  <img decoding="async" loading="lazy" width="1024" height="517" src="https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp" alt class="wp-image-111945" srcset="https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 1536w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 800w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 1160w, https://cdn.thebittimes.com/images/2023/09/14/900eaae996be55aec640a4f745589e82.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: BSC News
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>decentralized social media app</li>
  <li>ethereum</li>
  <li>fee</li>
  <li>friend.tech</li>
  <li>nft</li>
  <li>Twitter</li>
  <li>X</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/friend-tech-generates-more-fees-than-bitcoin-solana-tbt62722.html">https://thebittimes.com/friend-tech-generates-more-fees-than-bitcoin-solana-tbt62722.html</a></p>

Friend.tech Generates More Fees Than Bitcoin, Solana

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