Ever heard of Friend.tech? If not, let’s sit down for this one. This social app is making waves, not just tiny ripples, but tsunami-sized ones!
In the last 24 hours, Friend.tech has generated a jaw-dropping protocol fee of over $1.4 million. Yep, you read that right! This staggering figure places it among the top three projects for fee generation, as per DeFiLlama. And who’s it rubbing shoulders with? None other than the giants, Ethereum and Lido.
But what’s the secret sauce behind Friend.tech’s success? Operating on Coinbase’s Base Layer 2 chain, this app is integrated with X (previously known as Twitter). It allows users to trade tokenized shares of each other’s profiles. Think of it as buying a piece of your favorite Twitter personality. And the cherry on top? Shareholders get VIP access to exclusive content and private chat rooms. Talk about being part of the in-crowd!
The app’s popularity has skyrocketed, especially among Twitter users. Over the weekend, it attracted big names like Y Combinator CEO Garry Tan and NBA star Grayson Allen. And the numbers don’t lie. Since its beta release, the platform has seen 65,000 unique traders of shares and a whopping $26 million in trading volume. And guess what? It’s still in its invite-only phase!
But wait, there’s more juicy info. The project recently got a financial boost with a seed investment from venture firm Paradigm. Though they’re playing coy about the exact amount, it’s clear that big players see potential in Friend.tech.
Friend.tech’s rise in crypto is nothing short of meteoric. Its unique approach to integrating social media and crypto trading sets new standards and raises the bar high. So, if you’re looking for the next big thing in crypto, Friend.tech is it!
