The social network platform, Friend.Tech, thriving on Coinbase’s layer 2 blockchain Base, has propelled its daily active users to an unprecedented peak of 136,000, as reported by Dune Analytics.
In a relatively modest debut to the public sphere, Base garnered a mere $10 million in fresh inflows on its first day as an operational blockchain. However, it has swiftly outpaced its competitor, Optimism, regarding daily active users. According to token terminal data, it now stands on the verge of surpassing Arbitrum’s user count of 147,000.
Since its inception, Base has facilitated the transfer of cryptocurrencies totalling $175 million, with an impressive tally of nearly 580,000 transactions documented on Thursday alone. A significant portion of this activity is attributed to the remarkable emergence of Friend.Tech—a novel social network empowering users to trade shares linked to notable Twitter personalities.
As it currently resides in beta mode, the app’s access is limited to those possessing valid sign-up codes. An intriguing facet is the obscured segment at the app’s summit, hinting at an impending token release. This revelation has sparked a flurry of engagement as users endeavour to cultivate potential airdrops by disseminating referral codes.
Notably, the platform’s servers encountered downtime on Thursday due to the overwhelming surge in sign-ups, underscoring its swift ascent in popularity.
Base stands as an Ethereum layer 2 blockchain project that originated within the confines of Coinbase and was meticulously constructed using the Optimism software framework. With Friend.Tech’s energetic momentum and Base’s burgeoning user base, the blockchain landscape is witnessing an enthralling evolution.
