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Avalanche

Stars Arena, a decentralized social media application, is catalyzing transaction activity on Avalanche’s C-Chain network. 
Launched in late September, the blockchain-based social app, inspired by Friend.tech, has contributed to a more than 186% rise in daily transactions on Avalanche’s C-Chain—the blockchain element tailored for smart contracts—over the last two days. 
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 <img decoding="async" loading="lazy" src="https://crypto.news/app/uploads/2023/10/48eb3001-447c-4a0f-8835-380a25e6b7ee.webp" alt="Friend.tech competitor Stars Arena driving on-chain boom on Avalanche - 6" class="wp-image-14200979" style="width: 100%;height:389px" width="1020" height="389">
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 Avalanche C-chain network activity soars by 186% since Oct. 1 | Source: Snowtrace.io
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The application has more than 10,000 unique active wallets. 
Over the past two days, Stars Arena has reported a total trading volume exceeding $3.26 million and over 462,000 transactions, according to DappRadar data. 
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 <img decoding="async" loading="lazy" src="https://crypto.news/app/uploads/2023/10/Screenshot-58.png" alt="Friend.tech competitor Stars Arena driving on-chain boom on Avalanche - 7" class="wp-image-14200981" style="width: 100%;height:551px" width="1020" height="551">
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 Stars Arena experiences swift expansion since late September debut | Source: <a href="https://dappradar.com/dapp/stars-arena?range-ha=7d" target="_blank" rel="noopener">DappRadar</a>.
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Additionally, DefiLlama <a href="https://defillama.com/protocol/stars-arena" target="_blank" rel="noopener">data </a>reveals that the platform has surpassed $1 million in total value locked (TVL), although this is lower compared to Friend.tech’s $44.27 million in TVL. 
Like Friend.tech, Stars Arena enables users to link their Twitter accounts to the platform. Users can utilize the AVAX token to purchase “tickets” from other users, with a share of the transaction fees directed to both the platform and the participating users. 
 You might also like: <a href="https://crypto.news/friend-tech-collaborators-booted-from-chatrooms/"> Friend.Tech collaborators booted from chatrooms </a> 
In contrast to Friend.tech’s model, where purchasing a user’s ticket provides exclusive access to a private chat, Stars Arena offers a public feed. This functionality allows users to follow others without the need for substantial expenditures. 
Pseudonymous user Wale.swoosh on platform X commended Stars Arena for being “superior to Friend.tech in many ways,” specifically citing its public feed feature that fosters enhanced social interaction compared to the Base-based DeSo app. 
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 I've capitulated in creating a Stars Arena account after seeing it all over my timeline. Won't shill my own ref link, but a few thoughts: Stars Arena is superior to Friendtech in a lot of ways and solves one of the main problems I had with FT. There is a public feed, so people… <a href="https://t.co/S9KzPp3hqC" target="_blank">pic.twitter.com/S9KzPp3hqC</a>— wale.swoosh 🐳 (@waleswoosh) <a href="https://twitter.com/waleswoosh/status/1709530638972280905?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 4, 2023</a>
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However, Wale.swoosh and several other users on X also pointed out that the app still has its issues, such as “very laggy” chats and a lack of transparency about the team behind the platform. 
Despite the growing interest in Stars Arena since its inception, a Dune <a href="https://dune.com/cryptokoryo/social" target="_blank" rel="noopener">report </a>indicates that Friend.tech still dominates the social platform landscape with 7.32 million monthly transactions and $38.6 million in weekly volume. 
Stars Arena, which is still listed under the name Starshares, has 772 thousand monthly transactions and a weekly volume of $7.2 million. 
The rise in Stars Arena’s popularity has also had a positive impact on AVAX, which saw its price rise from $9.21 to $10.25 in two days, <a href="http://v" target="_blank">according </a>to CoinMarketCap. 
“Avalanche network transactions up nearly 50% on the back of Stars Arena surging in popularity,” blockchain analysis Patrick Scott <a href="https://twitter.com/Dynamo_Patrick/status/1709562664697917612" target="_blank" rel="noopener">said</a>. “Good reminder that this industry is still early, and a single killer app can have a meaningful impact on usage statistics.” 
 Read more: <a href="https://crypto.news/avalanche-partners-with-pixion-games-facilitating-5-5m-seed-round-for-web3-gaming-studio/"> Avalanche partners with Pixion Games, facilitating $5.5m seed round for web3 gaming studio </a>

Friend.tech competitor Stars Arena driving on-chain boom on Avalanche

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