As a decentralized social platform, friend.tech enables users to purchase shares of any user on the platform through a strong integration with Twitter (now renamed X). This is achieved by leveraging the Ethereum blockchain on the Base network. By acquiring these shares, users gain the privilege of engaging in direct conversations with the individuals they hold shares in. Additionally, there's also the potential to profit from these interactions.
According to data from Dune Analytics, since its launch on August 10th, the total trading volume on friend.tech has reached 30,425.5 ETH, with protocol fees amounting to 1,383 ETH.
Based on the combined available information, friend.tech announced on August 15th that it would commence airdropping reward points to application testing users starting from August 18th. These points will be collected off-chain during the testing phase and are expected to serve a specific purpose upon the official launch of the application. On August 19th, friend.tech announced the successful completion of its seed funding round, with investment participation from Paradigm.
The convergence of these two factors has contributed to the protocol's strong data performance.