friend.tech: The Next Day Retention Rate of Key Holders Exceeds 75%, and the Weekly Retention Rate Exceeds 50%
On August 30th, friend.tech disclosed platform data indicating that approximately 20,000 Key holders view room messages daily, with a retention rate of over 75% the following day and over 50% for the week. Additionally, active Key holders use friend.tech for an average of over 30 minutes per day.
The Founder of friend.tech Apologized: Restricting Users From Using Copycat Versions Is out of Fear and Zero-Sum Thinking
Racer, the founder of friend.tech, issued an apology statement admitting that his previous comments on limiting users from using clone and counterfeit versions of applications were driven by fear and zero-sum thinking.
Data: friend.tech Data Growth Slows, Daily Transactions Drop to 23,000
According to Spot On Chain monitoring, friend.tech's data growth has slowed down, including:
- The total value has dropped to 3,606 ETH, compared to 4,435 ETH last week;
- Daily new users have dropped to 2,000, compared to 20,000 new users last Sunday;
- Daily trading volume has dropped to about 23,000, compared to 135,000 last week;
- 5 out of the top 10 highest-income users are robots;
- 75% of users use active wallets to provide funds for friend's technical address, which increases the risk of data leakage.
Friend.tech Faces Backlash for Punishing Users Who Opt for Copycat Versions of Its Tokenized Social Media Platform
Friend.tech, a new decentralized social media app for crypto, has received backlash for penalizing users who try out forks or copycat versions of its tokenized platform. The app has been airdropping reward points to beta testers, but has not yet disclosed their ultimate purpose.
Friend.tech experiences dramatic decline in popularity
The blockchain-based social media app Friend.tech, which gained popularity and support from high-profile individuals, has experienced a significant decline in usage. The app's decline has been attributed to a lack of genuine users and a subpar user experience.
Data: In the past 24 hours, friend.tech generated only USD 160,000 in protocol fees, which has dropped sharply from its heyday
On August 28th, according to DefiLlama data, the protocol fee generated by friend.tech protocol in the past 24 hours was only $160,000, significantly lagging behind well-known DeFi protocols such as Lido, Uniswap, and MakerDAO. In comparison, the protocol could generate as much as $1.12 million in fees within 24 hours during its peak period, which is less than one-fifth of its highest point.
Decentralized Social Network Friend.tech Declared "Dead" After Drop in Metrics
Critics have declared decentralized social network Friend.tech "dead" following a drop in key metrics such as activity, inflows, and volume. The platform had a buzzy beta version launch on Coinbase's layer-2 Base, with fees surpassing $1 million in 24 hours on Aug. 19, but have since cratered. Transactions on Friend.tech have also declined over 90% from the peak on Aug. 21, leading many to post condolences for the network on Twitter. The platform is centered on buying and selling "keys" that enable private messaging, with the platform reportedly taking a 5% cut.
Data: friend.tech Agreement Fees Have Exceeded $4 Million
On August 28th, according to Dune data information, the protocol fee of friend.tech has exceeded $4 million, with a total of 2,378,815 transactions. However, since reaching its peak on August 21st, the trading heat of the friend.tech protocol has been declining for a week.
friend.tech's 24-hour agreement revenue fell 35% from yesterday, ranking down to 12th
According to Odaily, friend.tech's 24-hour protocol revenue reached $210,000, a 35% decrease from yesterday, and its ranking dropped from 8th to 12th. On the 24th, friend.tech's 24-hour protocol revenue reached $323,000, ranking 8th, and on the 23rd, friend.tech's 24-hour protocol revenue reached $739,000, ranking 5th.
friend.tech Adds Support for Users to Send Photos to Key Holders
On August 25th, friend.tech, a Web3 social application, now supports users sending photos to their Key holders.
