Introduction

friend.tech gained popularity again, with that it total-Value locked (TVL) up to $20 million for the first Time since launch.

Decline in Fees, Revenues, and TVL

On August 28, the cryptocurrency was launched community on X (formerly Twitter) is called decentralization social network “dead” After the friend.tech There has been a significant decline in that it total Fees, revenues and TVL.

Decline in User Numbers and Fees

According to data provided by DeFi Llama, total Accumulated fees from a friend.tech The number of users decreased from about 1.7 million on August 21 to about $740,000 on August 22. This massive decline made Encryption community sincerity protocol He was “dead”.

TVL Rises Again

However my friend.tech has been TVL constantly rising Since September 2, it has crossed the $20 million mark for Few hours on Sep 10 protocol TVL is worth $19.89 million at the time of writing.

Continued Decline in Fees and Revenues

According to data provided by DeFi Llama, total Accumulated fees on friend.tech It was constantly declining Since September 9, it has dropped from $1.23 million to $929,000 over the past tow days.

Moreover, as total expenses dropDeFi Llama data indicates that Friend.tech’s daily revenues have declined From $615,000 to $464,000 in mentioned time frame.

Summary

For each data provider, it is decentralized social protocol It raised approximately $12.36 million in fees and generated cumulative revenue of $6.18 million.