Layer2 Network Base’s decentralized social platform Friend.tech was officially launched in August last year and quickly gained widespread attention. Due to the anticipation of airdrops, the support of well-known venture capital such as Paradigm, and the special market mechanism, the platform quickly became popular and became a leader in the SocialFi field. The 120bTC.com site reported the situation.
DefiLlama data shows that Friend.tech’s total locked value (TVL) reached a high of US$52 million 2 months after its launch. However, the craze quickly dissipated and its TVL has now dropped to 27 million. The U.S. dollar has lost nearly half its value from its high point.
Changes in the Total Locked Value (TVL) of Friend.tech
At the same time, the number of active users of Friend.tech has also dropped sharply, and Token Terminal Data shows that at the peak in October last year, the number of daily active users of Friend.tech reached 73,794, but it plummeted rapidly thereafter, and currently there are only 212 daily active users left.
Changes in the number of daily active users of Friend.tech
Friend.Tech hints that it will airdrop
It is worth noting that in order to regain users, Friend.Tech seems to be making big moves recently. Friend.Tech officially tweeted today, attaching an airdrop themed image, hinting that an airdrop may be carried out: preparations are being made for the most dangerous mission this spring.
Criticized by V God last month
It only took four months for Friend.Tech to go from being popular to fading last year. Whether it can regain its vitality through airdrops remains to be seen. It’s worth it. It should be noted that Vitalik Buterin, co-founder of Ethereum, criticized Friend.Tech’s mechanism last month, saying that it puts financial speculation above social fun. In his view, decentralized social protocols Farcaster and Lens Protocol will be able to support Longer: "The bad GameFi is replacing the fun of games with financial speculation. Chain games need to be as interesting as traditional games. I have said this many times. I believe that there is a similar situation in encrypted social applications. Prediction: Farcaster, Lens Protocol will definitely It won’t disappear in four months, it can even last up to a year.”
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