{"id":85366,"date":"2023-10-05T10:18:02","date_gmt":"2023-10-05T07:18:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85366"},"modified":"2025-09-12T22:52:52","modified_gmt":"2025-09-12T19:52:52","slug":"friend-tech-clone-boosts-activity-on-the-avalanche-network","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/friend-tech-clone-boosts-activity-on-the-avalanche-network\/","title":{"rendered":"Friend.Tech clone boosts activity on the Avalanche network"},"content":{"rendered":"<p>The social app Stars Arena, inspired by Friend.Tech, spurred growth in transactions on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-avalanche-avax\">Avalanche<\/a> network.<\/p>\n<p>According to <a href=\"https:\/\/dappradar.com\/rankings\/protocol\/avalanche\/\">DappRadar<\/a>, the number of unique active addresses in the ecosystem rose by 31.3% over the past 24 hours to 10,410. The transaction volume was nearly $2 million.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/protocol\/stars-arena\">DeFi Llama<\/a>, the total value locked in Stars Arena reached $1.05 million. At launch on September 27, the figure stood at $33,000.<\/p>\n<p>Transactions on Avalanche <a href=\"https:\/\/avascan.info\/\">jumped<\/a> from 790,000 to 1.2 million in less than a week.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">October 5, 2023 | 17:43<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>According to <a href=\"https:\/\/snowtrace.io\/address\/0xa481b139a1a654ca19d2074f174f17d7534e8cec\">SnowTrace<\/a>, a critical vulnerability was found in the Stars Arena protocol, enabling attackers to withdraw AVAX tokens from the project&#8217;s smart contracts.<\/p>\n<p>Subsequently, developers said the exploit had been fixed.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">THE EXPLOIT HAS BEEN FIXED.<\/p>\n<p>BUT DON\u2019T GET THIS WRONG WE ARE AT WAR.<\/p>\n<p>We\u2019re being targeted by malicious actors in the space that want to steal your money.<\/p>\n<p>The little guy is under attack. <\/p>\n<p>You are under attack.<\/p>\n<p>Your right to platform diversity is under attack.<\/p>\n<p>Don\u2019t get it\u2026 <a href=\"https:\/\/t.co\/DmbMdf9cAq\">pic.twitter.com\/DmbMdf9cAq<\/a><\/p>\n<p>\u2014 Stars Arena (@starsarenacom) <a href=\"https:\/\/twitter.com\/starsarenacom\/status\/1709934535570608172?ref_src=twsrc%5Etfw\">October 5, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The flaw lay in the getPrice() function, which allowed invoking the contract and transferring a small amount of coins to wallets. However, high fees on Avalance prevented hackers from withdrawing the cryptocurrency, as such a method would have required large expenditures and was barely profitable.<\/p>\n<\/div>\n<p>Stars Arena, formerly known as Stars Shares, almost entirely replicates the functionality of its competitor. Protocol users can link their X account and trade other participants&#8217; tokens.<\/p>\n<p>The app automatically creates a wallet into which users can deposit AVAX.<\/p>\n<p>Against a backdrop of rising activity on the Avalanche network, the native token rose 3.5% over the day and was trading at $10.02, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/avalanche\">CoinGecko<\/a>.<\/p>\n<p>According to the Dune dashboard by CryptoKoryo, among SocialFi projects by all metrics, Friend.Tech leads. Over the week the project processed 744,642 transactions worth $37.96 million.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/KsN5S9ulOmSjUZrcp5TCrwStLX_DyaHWL_6glW_itS3BA0YULn7oHqGg7WaOie2Cvz76aN9jElH_N2uUqRcvd6-BWlbs96cpyiZCjTl7FKs2EudaMu8QM6QVpet8EWyUIbH_gYn8-ZS3JxctQKZWvpg\" alt=\"Friend.Tech clone increased activity on the Avalanche network\"\/><figcaption class=\"wp-element-caption\">Comparison of SocialFi projects. Data: Dune.<\/figcaption><\/figure>\n<p>Second place is Stars Arena, followed by Post.Tech on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-arbitrum\">Arbitrum<\/a>.<\/p>\n<p>As reported, the turnover in the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> network \u2014 Friendzy \u2014 reached <a href=\"https:\/\/forklog.com\/en\/news\/careers-in-on-chain-analysis-the-core-skills-you-need\">$920,000<\/a> a week after launch.<\/p>\n<p>ForkLog previously reported <a href=\"https:\/\/forklog.com\/en\/news\/trading-volume-on-friend-techs-competitor-surpasses-2-3-million\">a hundreds-fold increase<\/a> in activity on Post.Tech in the Arbitrum L2 network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The social app Stars Arena, inspired by Friend.Tech, spurred transaction activity on the Avalanche network.<\/p>\n","protected":false},"author":1,"featured_media":85367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1413,1524,465],"class_list":["post-85366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avalanche-avax","tag-friend-tech","tag-social-media"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85366"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85366\/revisions"}],"predecessor-version":[{"id":85368,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85366\/revisions\/85368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85367"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}