Friend.tech Generates More Fees Than Bitcoin & Solana: Is This the Future of Social Media?
In an unexpected twist of events, the emerging decentralized social (DeSo) network, Friend.tech, has achieved a groundbreaking feat by generating more than $1 million in fees, surpassing even Bitcoin and Solana on certain days. The decentralized social media app friend.tech has been making it to the headlines yet again after recently being a hot topic within the crypto community.
Friend.tech's Meteoric Rise: Outpacing Industry Giants
Friend.tech, a recently released decentralized social (DeSo) network, generated over $1 million in fees in 24 hours on Aug. 19, outperforming established players in the blockchain space. This begs the question: what makes Friend.tech so successful, and can it sustain this momentum?
Exceptional Debut: Over $1 Million in Fees in 24 Hours
Exceptional Debut: Friend.tech, the decentralized social network, accomplished an extraordinary feat by garnering over $1 million in fees within a mere 24 hours. Data from DefiLlama reveals that the platform generated an astounding $1.12 million in fees within 24 hours after its launch. Since its inception, Friend.tech has demonstrated the potential of decentralized social platforms to generate significant revenue.
Built on Base: A Foundation for Scalability and Growth
Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, generates more fees. This integration with Base allows for faster and cheaper transactions, attracting a larger user base and contributing to the platform's impressive fee generation.
What's Next for Friend.tech and Decentralized Social Media?
The ability of Friend.tech to generate more fees than established blockchains like Bitcoin and Solana highlights the growing interest in decentralized social media and the potential for innovative platforms to disrupt the traditional social media landscape. Will Friend.tech continue its dominance? Only time will tell, but its early success is undoubtedly a significant moment for the DeSo movement.