After Paradigm announced its partnership with Friend.tech, the trading volume of this new social app has grown exponentially, currently exceeding $60 million. The creators receive 5% ($3 million) in royalties, while the protocol receives 5% ($3 million) in fees. There are currently 91,000 buyers and 35,880 sellers on the platform, with a total of over 1.67 million transactions.
Key opinion leaders (KOLs) from the non-crypto field are entering the platform. FaZe Banks (a YouTuber with 2.4 million followers on Twitter), Gracie Hartie (OnlyFans), and Grayson Allen all entered the friend.tech leaderboard last weekend. Crypto-native artist Beeple created a 3D animation featuring the social platform (as seen in the headline image).
Derivatives platform Aevo has launched FRIEND-PERP, allowing users to long/short the market value of friend.tech accounts. Popular Solidity developer Foobar released Friend Share tokenized asset packages, allowing people to package friend shares into ERC20 tokens.
Today's Market
Source: TokenInsight Gainers and losers
Today's Highlights
Coinbase Announces Acquisition of Minority Stake in Circle
Lawyer: "Shares" of Friend.tech May Trigger SEC Intervention, Friend.tech Renames "Shares" to "Keys"
NFT Market Frozen, Volume and Prices Continue to Decline
Other Notable Information
Aevo Launches Index Perps for Market Cap of Accounts on Friend.tech
Binance Labs Announces Investment in zkWASM Infrastructure Provider Delphinus Lab
Cross-Chain Project Connext to Airdrop $NEXT Token in September
Binance Futures Launches Copy Trading Feature
Rarible to Stop Aggregating Orders from OpenSea, LooksRare, and X2Y2
Crypto Lending Platform Maple Finance Raises $5M Co-Led by Blocktower Capital and Tioga Capital
Privacy Protocol Elusiv Launches Private Token Swap Feature on Solana
EigenLayer Increases LST Restaking Cap
SBF Pleads Not Guilty to Fraud and Money Laundering Charges Again
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