Friend.tech TVL surpasses $20 million weeks after being declared 'dead'
User activity on friend.tech has seen a major resurgence after briefly stagnating last week.
![Friend .tech TV L surpasses $20 million weeks after being declared “dead” » class=](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDkvOWM1ZDI2MWItYmNhMi00MWI5LTk1MGItNjM5OTcyOGQ3ZGVjLmpwZw==.jpg)
Decentralized social media platform friends.tech has seen a sudden increase in total value locked (TVL), doubling to over $20 million in the last four days.
Just two weeks ago, critics declared the platform "dead" after activity on the app seemed to fizzle out.
![](https://s3.cointelegraph.com/uploads/2023-09/c205a8f5-b21e-4d7f-b39c-d6de6a3a431b.png)
However, activity on Friend.tech has seen a significant resurgence over the past few days, with the app witnessing $12.3. million in daily trading volume – the third highest on record – on September 9, according to data from Dune Analytics.
![](https://s3.cointelegraph.com/uploads/2023-09/a78fb058-5020-4bb5-9fb5-2d88115b69cd.png)
As pseudonymous account TylerDidIt pointed out, September 9 trading volume on Friend.tech eclipsed that of OpenSea, surpassing the NFT platform by more than $3 million that day. .
FriendTech trading volume was $12.3 million yesterday.
Total NFT trading volume on ETH was only $9.15 million. pic.twitter.com/CbqVYqP5PQ
— TylerD♂️ (@Tyler_Did_It) September 10, 2023While there is no apparent reason why the platform has seen such a surge, many crypto industry heavyweights have shared a few reasons for its resurrection.
Hsaka, a leading trader
![Friend.tech TVL surpasses $20 million weeks after being declared 'dead'](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-09/9c5d261b-bca2-41b9-950b-6399728d7dec.jpg?#)
User activity on friend.tech has seen a major resurgence after briefly stagnating last week.
![Friend .tech TV L surpasses $20 million weeks after being declared “dead” » class=](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDkvOWM1ZDI2MWItYmNhMi00MWI5LTk1MGItNjM5OTcyOGQ3ZGVjLmpwZw==.jpg)
Decentralized social media platform friends.tech has seen a sudden increase in total value locked (TVL), doubling to over $20 million in the last four days.
Just two weeks ago, critics declared the platform "dead" after activity on the app seemed to fizzle out.
![](https://s3.cointelegraph.com/uploads/2023-09/c205a8f5-b21e-4d7f-b39c-d6de6a3a431b.png)
However, activity on Friend.tech has seen a significant resurgence over the past few days, with the app witnessing $12.3. million in daily trading volume – the third highest on record – on September 9, according to data from Dune Analytics.
![](https://s3.cointelegraph.com/uploads/2023-09/a78fb058-5020-4bb5-9fb5-2d88115b69cd.png)
As pseudonymous account TylerDidIt pointed out, September 9 trading volume on Friend.tech eclipsed that of OpenSea, surpassing the NFT platform by more than $3 million that day. .
FriendTech trading volume was $12.3 million yesterday.
Total NFT trading volume on ETH was only $9.15 million. pic.twitter.com/CbqVYqP5PQ
— TylerD♂️ (@Tyler_Did_It) September 10, 2023While there is no apparent reason why the platform has seen such a surge, many crypto industry heavyweights have shared a few reasons for its resurrection.
Hsaka, a leading trader
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