- The Base network is seeing a jump in demand for the friend.tech protocol, analysts say.
- The project offers the ability to buy and sell “personal shares” whose returns depend on a trader’s portfolio.
- Trading volume on the site since Aug. 9, 2023, has already surpassed $5 million.
The friend.tech social protocol is experiencing a jump in demand, as indicated by data from Dune. The volume of transactions and trades on the platform has grown significantly since the launch of the public version of the Base mainnet.
Reminder, the project belongs to the category of SocialFi. The protocol allows you to buy and sell “personal shares”. Their profitability is determined depending on the trader’s portfolio, notes an expert under the nickname CaptainAltcoin.
Daily trading volume on the platform peaks on August 10, 2023, according to Dune:
Over 80,000 transactions totaling 2,778.1 ETH have been recorded on the platform since the public version of the Base mainnet was released on Aug. 9, according to Dune:
The protocol’s deposit contract contains 666.3 ETH, according to Basescan. The project administration received over $256,000 in commissions.
This is how the statistics on the indicators were commented on by the development team:
“We have run out of space on the servers, we are trying to allocate additional resources. We had no idea there would be such a response.”
We previously reported that the number of active Base users has surpassed 100,000 addresses. TVL and daily trading volume on the mainnet are also on the rise.
Remember Incrypted has a guide to the mainnet’s top activities. Doing them entitles you to a portion of a possible airdrop in the future: