Friend.tech's capitalization peaked at $19.9 million
Date: 2023-09-11 Author: Karina Ziganova Categories: BLOCKCHAIN, BUSINESS
Since the beginning of September 2023, the capitalization of the SocialFi project friend.tech has more than doubled - to $19.96 million, according to DeFiLlama. The takeoff came after trading volumes and commissions on the platform fell by 90%.
The TVL of the site is exactly $19.96 million, according to DeFiLlama:
The volume of new and redeemed keys on the site has also increased significantly. Late last week it hit a September high, according to Dune:
Positive dynamics can also be seen in terms of indicators of collected commissions and new users:
Trading volume on friend.tech is $1.99 million. Two days earlier, it reached a September peak of more than $12 million, according to Dune.
All this indicates an increase in user activity on the site. This is a positive shift considering that at the end of August, trading volumes and collected protocol commissions dropped by more than 90%.
The drop in performance occurred against the backdrop of a user database leak and criticism of the service from crypto experts.
