Potential Airdrop and V2 Update Spark Anticipation, Friend.Tech Receives $7 Million Inflows in a Single Week

Friend.Tech, a social media application rising in the bear market, is about to launch its own cryptocurrency, attracting a large amount of capital inflow.
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Friend.Tech receives $7 million in weekly inflow
Anticipation for Friend.Tech v2
Friend.Tech receives $7 million in weekly inflow
DefiLlama
Data shows that after months of capital outflow, Friend.Tech received over $7 million in capital inflow last week, bringing the TVL (Total Value Locked) to nearly $40 million.
This marks the first time since November last year that the on-chain fees of Friend.Tech 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, currently only -30% away. However, in terms of ETH quantity, it was around 30,000 ETH at that time, and now it is approximately 11,500 ETH.
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Friend Tech News | Facing the biggest wave of capital outflow, major players leaving copycats
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Friend.Tech v2 brings anticipation
Built on L2 public chain Base, Friend.Tech allows Twitter users to bind and sell Keys, enabling them to have private conversations with influencers. Users hope to obtain top-tier information from the Key sellers and expect the value of Keys to skyrocket as more users enter the platform. Key sellers can also receive a share of the transaction in Keys.
The significant capital inflow to Friend.Tech last week was due to the positive impact of the launch of v2. The developers announced that the new version will be released on April 20 and aims to expand beyond the Twitter platform to attract new users.
The officials also revealed the upcoming release of the FRIEND token, emphasizing that it will be airdropped based on points, in order to continuously attract users and sustain operations on the Friend.Tech platform.
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In-depth analysis of popular social media application friend.tech: Still a Ponzi scheme at its core
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ETH
Friend.tech
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Further reading
Criticism of high speculation in Friend.tech, Ethereum founder optimistic about Farcaster and Lens being able to sustain for a year
ABCDE|Understanding the friend.tech economic model with mathematics: Finding the optimal solution for the SocialFi price curve.