Friend.Tech Sees a Surge in User Activity Despite a Data Leak Incident!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 11, 2023 16:33

Social media crypto trading platform Friend.Tech has witnessed a surge in user activity despite recently being hit by a data leak. Despite decreasing numbers of new daily users, existing users have caused trading volume to rise by billions. According to data from Dune, the number of new daily users has dropped, but Friend.Tech’s cumulative user base has grown from roughly 5,000 in August to 140,000 in September, with a total value of approximately $20 million locked in. The platform has also seen its fee revenue rise from $160,000 in August to over $2 million at press time.