{"id":160420,"date":"2023-09-22T01:34:33","date_gmt":"2023-09-21T20:04:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=160420"},"modified":"2023-09-22T01:34:33","modified_gmt":"2023-09-21T20:04:33","slug":"trading-volume-on-social-app-posttech-crosses-5m-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trading-volume-on-social-app-posttech-crosses-5m-crypto-news\/","title":{"rendered":"Trading Volume On Social App PostTech Crosses $5M – Crypto News"},"content":{"rendered":"

<\/p>\n

PostTech Attempts To Enter Hot SocialFi Arena With Combination Of Twitter\u2019s Website and FriendTech\u2019s Trading Features<\/p>\n

\n

Anything that works in crypto is bound to attract copycats.<\/p>\n

After the recent success of friend.tech, social media users are now flocking to PostTech, which has seen over $5M in trading volume in the past day and a half, according to a Dune Analytics dashboard<\/a>. Concurrently, user count has rocketed past 30,000 from just 733 on Sept. 16.<\/p>\n

PostTech Users<\/figcaption><\/figure>\n

A major difference between PostTech and friend.tech<\/a> is that trading fees are shared evenly between creators and holders, instead of accruing to the platform.<\/p>\n

\"the-defiant\"<\/figure>\n

Users can earn<\/a> ETH by buying, selling, and trading shares, as well as creating content on the platform, and can earn points by performing a variety<\/a> of other activities<\/p>\n

PostTech appears to be the first application to pose a meaningful challenge to friend.tech\u2019s breakaway success. Indeed, the SocialFi app that has captivated crypto over the past month saw its first net outflow of ETH in 20 days.<\/p>\n

<\/p>\n

\"friend.tech
friend.tech ETH flows<\/figcaption><\/figure>\n

<\/a><\/p>\n

It also seems like friend.tech isn\u2019t the only application that deeply inspired Post Tech\u2019s design \u2014 the newcomer looks nearly identical to X (formerly Twitter).<\/p>\n

<\/p>\n

\"the-defiant\"
A PostTech Profile<\/figcaption><\/figure>\n

<\/a><\/p>\n

Post Tech\u2019s developers chose to deploy on Arbitrum, the leading Ethereum Layer 2 by TVL, while friend.tech chose Coinbase\u2019s recently launched Base<\/a>, which has seen activity drop from a record 21 transactions per second (TPS) on Sept. 14.<\/p>\n

\"the-defiant\"
Base Throughput<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

PostTech Attempts To Enter Hot SocialFi Arena With Combination Of Twitter\u2019s Website and FriendTech\u2019s Trading Features Anything that works in crypto is bound to attract copycats. After the recent success of friend.tech, social media users are now flocking to PostTech, which has seen over $5M in trading volume in the past day and a half, […]<\/p>\n","protected":false},"author":2,"featured_media":160421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-160420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/160420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=160420"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/160420\/revisions"}],"predecessor-version":[{"id":160423,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/160420\/revisions\/160423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/160421"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=160420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=160420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=160420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}