{"id":297216,"date":"2024-05-07T18:11:06","date_gmt":"2024-05-07T12:41:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=297216"},"modified":"2024-05-07T18:11:06","modified_gmt":"2024-05-07T12:41:06","slug":"friend-tech-enjoys-activity-resurgence-after-v2-rollout-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/friend-tech-enjoys-activity-resurgence-after-v2-rollout-crypto-news\/","title":{"rendered":"Friend Tech Enjoys Activity Resurgence After V2 Rollout – Crypto News"},"content":{"rendered":"

The price of FRIEND is up 200% from its May 3 low.<\/p>\n

\n

Friend Tech is enjoying\u00a0an increase in\u00a0activity and adoption following its controversial airdrop last week.<\/p>\n

Data<\/a>\u00a0from Dune Analytics shows that\u00a0more than\u00a079,500 users have created 137,157 clubs since the feature debuted alongside Friend Techl\u2019s v2 iteration on May 3. Club keys have already driven 18.4 million FRIEND in volume ($37.9 million) from nearly 103,500 traders.<\/p>\n

For comparison, 1,175 traders drove just $155,000 worth of\u00a0key\u00a0trades on April 28.\u00a0Key\u00a0volume also surged to its highest level in six months following the airdrop, with Friend Tech hosting $4.98 million worth of\u00a0key\u00a0trades on May 6, down from $11.6 million on May 3.<\/p>\n

\u201cOver 100,000 clubs have\u00a0been created\u00a0since Friday,\u201d Friend Tech\u00a0tweeted<\/a>. \u201cAt this rate, there will be more clubs than there exist pigeons on Earth by the end of the year.\u201d<\/p>\n

However, sell orders have accounted for more than 97% of trade volume since the airdrop, suggesting many users are offloading their keys after receiving a token allocation.<\/p>\n

Friend Tech\u2019s long-awaited airdrop elicited\u00a0pushback<\/a>\u00a0from the project\u2019s community, with many users encountering errors that prevented them from claiming while the price steadily crashed on launch day.<\/p>\n

However, the token\u2019s price has tripled from its low, last changing hands for $2.67 after dropping to $0.89 on May 3, according to CoinGecko. FRIEND currently ranks as the 262nd largest cryptocurrency by market cap at $247 million.<\/p>\n

Friend Tech ignited a web3\u00a0socialfi\u00a0boom when it launched in August 2023, with the volume of daily\u00a0key\u00a0trading peaking above $20 million during the following month. Daily active users also tagged\u00a0all-time\u00a0high in October at 74,000, with roughly 833,000 unique users\u00a0having interacted\u00a0with the protocol as November began.<\/p>\n

However, Friend Tech\u2019s explosive growth quickly slowed, with 911,450 wallets\u00a0having interacted\u00a0with the protocol today.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The price of FRIEND is up 200% from its May 3 low. Friend Tech is enjoying\u00a0an increase in\u00a0activity and adoption following its controversial airdrop last week. Data\u00a0from Dune Analytics shows that\u00a0more than\u00a079,500 users have created 137,157 clubs since the feature debuted alongside Friend Techl\u2019s v2 iteration on May 3. Club keys have already driven 18.4 […]<\/p>\n","protected":false},"author":2,"featured_media":297217,"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-297216","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\/297216","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=297216"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297216\/revisions"}],"predecessor-version":[{"id":297219,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297216\/revisions\/297219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/297217"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=297216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=297216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=297216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}