Friend.tech, a social media platform that initially gained attention for its rapid growth, has been hit hard by a sharp decline in crucial metrics, leading many to question its viability in a competitive landscape. The platform’s success was short-lived, as daily transaction fees and volumes plummeted by more than 87% and 90%, respectively.The bots that had once driven Friend.tech’s transaction frenzy are now being blamed for its downfall, as they are designed to exploit rapid price movements and manipulate the order of transactions. This has discouraged content creators and users, casting a shadow over the platform’s future.The fate of Friend.tech is uncertain, and its rise and fall serves as a reminder of the volatility inherent in the decentralized landscape. It underscores the need for careful consideration, transparency, and vigilance as decentralized platforms continue to reshape the digital landscape.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	Tom Wan, BitCloud, Bloomberg, DefiLlama, Freepik
Companies	21.co, Coinbase, Bloomberg, DefiLlama, Uniswap
Currencies	ethereum, friend.tech, bas, uniswap, bitcoin
Securities