Friend.tech fork on Solana nears $1 million in trading volume

The cumulative trading volume in the analogue Web3-social network Friend.tech on the Solana chain — Friendzy — reached $920,000 after one week. Decrypt reports.

As a result, the fork’s trading turnover amounted to almost half of the original project’s metric in L2-Base solution during the same period.

As with Friend.tech, Friendzy allows tokenizing accounts on Twitter, giving other users the ability to buy and sell these assets to join private chats.

After its August launch and the subsequent «clinical death», Friend.Tech again demonstrates growth in activity. Since the start of September, TVL in the protocol has grown by 7.6x—from $5.4 million to $40.95 million.

According to a Friendzy representative, their project differs from the original by additional features and a smoother price curve.

Earlier ForkLog reported hundreds-fold increase in activity on Post.Tech, the Web3-social network Friend.Tech analogue in the Arbitrum L2 network.

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 the post was removed, while the project\’s co-founder under the nickname Racer issued an apology for «a stupid statement».