Trading volume on Friend.Tech’s competitor surpasses $2.3 million

Activity on Post.Tech, a Web3 social network analogue to Friend.Tech, has surged hundreds of times in recent days — in the last 24 hours, trading volume on the platform exceeded $2.3 million. Data from DappRadar show this.

Over the last 24 hours, 11,830 unique addresses engaged, executing 97,390 transactions. The same metrics for Friend.Tech are 15,590 and 93,280, respectively.

Post.Tech launched at the end of August in L2-network Arbitrum on the Ethereum blockchain. For several weeks the platform showed no signs of life, but then began to gradually pick up speed. On September 15, the social network recorded only 60 users, and by September 20 the number had reached 7,410.

At the time of writing, the value of locked assets on the platform stood at around $965,800 — the daily figure had risen by 3,242%.

The main differences between Post.Tech and Friend.Tech lie in the ‘parent’ network, some naming and user interaction features, but the earnings model is broadly similar.

While the community awaits an unconfirmed air drop of the ‘original’ project, Post.Tech has promised to distribute $100,000 among users for activity from September 7 to September 22.

The first @PostTechSoFi Epoch is live!

The total rewards for the #1 Epoch amount to $100,000 and will be distributed to early contributors on the official release date!

Join the airdrop: https://t.co/nKYfkIpM9c

500 Early Bird Code? “500earlybirds”

Use #PostTech Hastag and… pic.twitter.com/Q6fxNfFhEq

— post.tech (@PostTechSoFi) September 8, 2023

In August, the Friend.Tech team warned of possible blocks for using copies or imitators of the app. The post sparked a heated reaction from the community, and after a few hours it was deleted, while a project co-founder known as Racer issued an apology for the ‘silly statement’.