Friend.tech gets unfriended: Daily transactions drop 95% as hyped decentralized social app loses steam (TechCrunch)
TechCrunch: Friend.tech gets unfriended: Daily transactions drop 95% as hyped decentralized social app loses steam. “Activity on the app, running as an invite-only public beta since August 10, declined 95% from a peak of almost 39,000 daily transactions on August 21 to about 1,400 at the time of writing, according to Dune Analytics data from user cryptokoryo. Just seven days ago, I wondered if friend.tech’s early growth would be sustainable, and we can see that the answer is clearly no.” I know my indexing of the Friend.tech article last week probably looked a little weird, but this is why I did it – I wanted to note a date and see how long a platform based on cryptohype could last in current conditions. Answer seems to be “not long”.