<\/p>\n
Daily active users on Friendtech and Fantasy Top continue to plummet. <\/p>\n
Since the emergence of Friendtech last year, Social-Fi<\/a> has been a popular narrative among crypto enthusiasts who hope a Web3-native social media app will emerge as a challenger to incumbents like Twitter.<\/p>\n However, activity on the category leaders has dropped off drastically over the last month, and many are writing off Social-Fi as a failure, referencing BitClout.<\/p>\n BitClout<\/a> is a Social-Fi platform built on the DeSo Network that launched in 2021. The team raised $200 million from prominent investors such as Winklevoss Capital and Reddit founder Alexis Ohanian. Despite its resources and large initial user base, BitClout has all but faded into irrelevance.<\/p>\n As of May 30, Friend Tech\u2019s daily active users (DAU) have returned to all-time lows with just 218 DAU<\/a>, numbers that have not been seen since February\u2019s low of 212.<\/p>\n Fantasy Top, a trading card game (TCG) on Blast, is also bleeding users, with only 1200 DAU<\/a> on May 30, compared to 15,000 on its opening day, May 1.<\/p>\n Despite the unfavorable metrics, many Social-Fi supporters have maintained their stance.<\/p>\n Avid Fantasy Top user Serpin Taxt<\/a> chimed in on the debate, posting<\/a>, \u201cThe take that it’s down 99% in pack sales from a flash in the pan type early launch enthusiasm, potentially slightly artificially inflated by ulterior incentives (Blast gold), and thus is on the same path as Bitclout is unfair though.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Daily active users on Friendtech and Fantasy Top continue to plummet. Since the emergence of Friendtech last year, Social-Fi has been a popular narrative among crypto enthusiasts who hope a Web3-native social media app will emerge as a challenger to incumbents like Twitter. However, activity on the category leaders has dropped off drastically over the […]<\/p>\n","protected":false},"author":2,"featured_media":314480,"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-314472","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\/314472","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=314472"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314472\/revisions"}],"predecessor-version":[{"id":314482,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314472\/revisions\/314482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/314480"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=314472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=314472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=314472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}