Summary
TLDR: Friend.Tech is making a comeback with the anticipated launch of v2 after April 20. Total value locked has surged to $40 million, with $8 million flowing in last week. The platform offers exclusive group chats through keys on the Base layer-2 network. Despite previous challenges, the platform aims to expand its reach and attract a broader audience.
Key Points
1. Friend.Tech is making a striking comeback with an anticipated token launch linked to Friend.Tech version 2 (v2), leading to a surge in total value locked (TVL) to $40 million.
2. The platform saw over $8 million flow in last week, resulting in a 25% increase in TVL over the past seven days. Additionally, daily fees exceeded $750,000 on April 8, marking the highest since last October.
3. The much-anticipated launch of Friend.Tech’s v2 after April 20 aims to expand the platform’s reach beyond its current base on X, attracting a broader audience. This follows a period of decline, where the platform faced security concerns and a steep decline in user activity and transactions.