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<ul><li>Friend Tech experienced a record low in daily transactions and active buyers on December 6, with a protocol fee of only 11.5 ETH.</li><li>Despite recent challenges, the platform&#39;s Total Value Locked (TVL) rebounded by 16.4% to 17.21k ETH since November 22.</li><li>In October, Friend Tech&#39;s innovative use of tokenized keys led to it surpassing Ethereum in daily earnings.</li></ul>Friend Tech, a social application built on the Base Layer 2 network, has recently experienced a significant fluctuation in its performance metrics. On December 6, the platform witnessed a <a href="https://t.co/dm6K1MfWcA" rel="noopener noreferrer nofollow">record low</a> in its single-day transaction count, falling below 7,000, coupled with a notable decrease in active buyers. The day&#39;s protocol fee was recorded at a mere 11.5 ETH. Despite these lows, Friend Tech&#39;s <a href="https://t.co/xuOueppiZB" rel="noopener noreferrer nofollow">Total Value Locked</a> (TVL) has shown resilience, rebounding with a 16.4% increase to 17.21k ETH since November 22.This downturn contrasts sharply with the platform&#39;s earlier achievements. In October, Friend Tech <a href="https://dune.com/cryptokoryo/friendtech" rel="noopener noreferrer nofollow">reported</a> substantial revenue growth, amassing about $10,684 in ETH in under two months. Since its inception on August 10, the platform has demonstrated a consistent upward trajectory in revenue generation. By September 9, just a month after commencing operations, Friend Tech had already surpassed the $5 million revenue mark. This growth accelerated in the following month, with cumulative revenue exceeding $18.4 million.Read full article at <a href="https://cryptotale.org/friend-tech-encounters-significant-market-challenges-in-q4-amidst-volatility/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Friend Tech Encounters Significant Market Challenges in Q4 Amidst Volatility

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