The friend.tech team hinted at an airdrop when activity on the site dropped by 99.9%

• A message appeared on the official friend.tech page with a possible announcement of the airdrop in the spring of 2024.
• This happened against the backdrop of a 99.9% drop in activity on the site.

The team of the friend.tech project published a post on the official page on X (formerly Twitter), in which they probably hinted at an airdrop. This happened against the backdrop of a significant drop in activity on the site.

Please note that there was no official confirmation of the airdrop.. However, the developers previously announced the release of a new version of the protocol in 2024.

Rise and Fall

The friend.tech platform was launched in August 2023 along with the main Base network. Immediately after its release, the project caused a stir and high demand among the audience.

Solution for a Billion Users: Why Coinbase Launched the Base Network

08/22/2023

22 min

2976

read

By the end of the month, the first significant drawdown occurred in terms of trading volume and number of users. In October 2023, after a number of innovations, the indicator of blocked assets on the platform updated the ATH.

However, already in January 2024, trading volume on the resource decreased by more than 95%. Ethereum project co-founder Vitalik Buterin commented on the situation, noting that the team should not have used speculative motives to develop the platform.

As of February 23, 2024, trading volume on the friend.tech platform was $34,234, according to Dune. This is 99.9% less than the peak value recorded in September 2023:

. Источник: Dune.” class=”wp-image-208647″ srcset=”https://incrypted.com/wp-content/uploads/2024/02/friend-tech.png 650w, https://incrypted.com/wp-content/uploads/2024/02/friend-tech-300×208.png 300w” sizes=”(max-width: 650px) 100vw, 650px”>Trading volume on the friend.tech platform. Source: Dune.