Friend.tech, once presumed a dead platform, has made a tremendous comeback, reaching a new all-time high in terms of Total Value Locked (TVL).
Friend.tech Unexpected Resurrection
Friend.tech, a decentralized social network, has been making waves in the crypto space. The social media platform has recorded its highest level of total value locked (TVL), surging to more than $20 million in the last few days, according to data from DeFiLlama.
Reports also reveal Friend.tech’s daily trading volume surged by $12.3 million in just a day, surpassing OpenSea, the world’s largest NFT marketplace, with over $3 million in daily trading volume on September 9.
This resurgence comes mere weeks after the crypto community had written off the crypto project as “dead” due to sharp declines in user activities and TVL.
A pseudonymous crypto account, Herro commented on Friend.tech’s sudden resurgence, convinced that Friend.tech would recover and grow further. However, he said, the extent of the platform’s growth would depend on its team’s management and efforts.
He explained that the platform may undergo certain improvements and changes like reducing fees and facilitating the inclusion of non-crypto users.
“I believe FT will stick around up until a token is launched in ~5 mo. Prior to, and after that, its future will depend on the team….
