Anticipated Potential Airdrop and V2 Update Garner $7 Million Weekly Inflow into Friend.Tech

Friend.Tech, a rising social application in the bear market, is about to launch its own cryptocurrency, attracting a large influx of funds.

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Friend.Tech Receives $7 Million Inflows in a Week
Friend.Tech v2 Generates High Expectations
Friend.Tech Receives $7 Million Inflows in a Week
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Data shows that after months of capital outflows, Friend.Tech received over $7 million in inflows last week, with TVL (Total Value Locked) reaching nearly $40 million.

This marks the first time since November last year that Friend.Tech’s on-chain fees have exceeded $1.3 million in a single week, with platform revenue surpassing $600,000.

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Friend.Tech’s TVL peaked at $52 million in October last year, now only 30% away. However, in terms of ETH quantity, it was around 30,000 ETH at that time and currently stands at approximately 11,500 ETH.

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Friend Tech Update | Facing the Biggest Wave of Fund Outflows, Main Players Leaving Copycats
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Friend.Tech v2 Generates High Expectations
Built on the L2 public chain Base, Friend.Tech allows Twitter users to bind and sell Keys, enabling private chats with influencers. Users hope to obtain top-notch information from the Key sellers and expect the value of Keys to skyrocket as more users enter the platform. Key sellers can also earn a share from Key transactions.

The significant influx of funds to Friend.Tech last week was due to the positive impact of v2. Developers announced that the new version will be released on April 20th and aims to expand beyond the Twitter platform to attract new users.

The official also revealed the upcoming FRIEND token, emphasizing that it will be airdropped based on points, aiming to continuously attract users and sustain the operation of the Friend.Tech platform.

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In-depth Analysis of Popular Social Application friend.tech: Is It Still a Ponzi Scheme at Its Core?
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Further Reading
Criticism Against Friend.tech’s High Speculation, Ethereum Founder Bullish on Farcaster and Lens to Last a Year
ABCDE | Understanding the friend.tech Economic Model Through Mathematics: Finding the Optimal Solution for SocialFi Price Curve