Good friend.tech, a decentralized social media platform on cryptocurrency alternate Coinbase’s Ethereum layer-2 chain Base, noticed its day by day income, charges and lively patrons fall by greater than 90% from its peak.
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Quick details
- Lively patrons on Good friend.tech declined to 229 on Monday, a 94% nosedive from 3,979 patrons on Aug. 21, in line with Dune Analytics, a blockchain knowledge platform.
- Day by day charges on Good friend.tech fell 90.4% to US$161,120 on Sunday from its peak of US$1.68 million additionally on Aug. 21, in line with DeFillama. The platform’s income additionally fell to US$80,560 on Sunday, a 90.4% drop from US$840,890 on Aug. 21.
- Launched Aug. 11, Good friend.tech transforms a person’s X (previously Twitter) followers right into a monetizable asset by letting followers and buddies purchase “keys” for unique entry to content material creators. As of final week, the platform was extensively mentioned as a social finance platform with distinctive revenue alternatives for creators and was utilized by crypto influencers, celebrities {and professional} athletes.
- “Good friend tech is useless due to greed and poor execution. We are able to see that after the preliminary influencer pump quantity has fallen off a cliff,” tweeted Coinbase Threat Supervisor Lisandro Rodriguez on Sunday.
- Good friend.tech has generated over US$4.04 million in protocol charges since its launch, in line with knowledge from Dune.
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