Friend.tech has seen a sharp resurgence in user activity and trading volume just weeks after critics declared the platform dead.
Decentralized social media platform friend.tech has seen a sudden surge in total value locked , doubling to reach more than $20 million within the last four days.Total value locked and fees on Friend.tech since Aug. 10. Source: DeFiLlama
However, activity on Friend.tech has witnessed a significant resurgence over the last few days, with the app witnessing $12.3 million in daily trading volume — the third-highest ever — on Sept. 9, according toTrading volume and number of traders on Friend.tech since inception. Source: Dune Analytics As the pseudonymous account TylerDidIt pointed out, the Sept. 9 trading volume on Friend.tech eclipsed that of OpenSea, outperforming the NFT platform by more than $3 million on the day.
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