Daily transaction fees on Friendtech fell more than 87 percent to around $215k, according to DefiLlama.
Decentralized social networking platform Friendtech gained attention for its fundamental data such as activity, listing and volume shortly after its launch. Friendtech, which has suffered a massive drop in many data, has been declared “dead” by critics.
Huge drop in Friend.tech data
Transactions on Friendtech are down more than 90 percent from their peak of around 525,000 on August 21. According to Dune Analytics data by Crypto Koryo, over 51,000 transactions took place on August 27. This has led many at X to give negative reviews of Friend.tech.
Friendtech, which has been on the agenda of the market by making a great impact from the moment it started, is now forgotten. The decentralized social networking platform, which has seen a decline in almost all fundamental data, continues to attract the reaction of app users and crypto investors.
