Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared"dead" by critics, following a recent drop in key metrics such as activity, inflows and volume.
its fees surpassed $1 millionHowever, its fees have since cratered. Daily fees peaked at $1.7 million on Aug. 21, but dropped over 87% to around $215,000 on Aug. 26Transactions on Friend.tech also declined over 90% from the nearly 525,000 peak on Aug. 21 with just over 51,000 transactions on Aug. 27, Dune Analytics
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