- Friend Tech experienced a record 4.06k ETH net inflow on September 9.
- The platform’s transaction volume rocketed to $12.32 million, highest since August 21.
- Total Value Locked (TVL) in Friend Tech has now exceeded 11,000 ETH.
In what can only be termed as a watershed moment, Friend Tech recently hit unprecedented metrics on September 9. The blockchain-based platform recorded a net inflow of 4.06k ETH, setting a new high for a single day. This surge pushed the platform’s Total Value Locked (TVL) to cross the 11,000 ETH mark.
The remarkable day didn’t stop there. Friend Tech’s transaction volume also saw a significant uptick, amounting to $12.32 million. This was the highest transaction volume since August 21. Moreover, the transaction frenzy generated a staggering $1.2 million in fees for the platform, contributing to a total of $5.6 million in fees that have been allocated to creators thus far.
These numbers indicate not just a transient spike but a potential long-term trend of growing trust and investment in Friend Tech. This is significant for both the platform and its users, as increased TVL generally suggests more robust liquidity and better token price stability. For creators, the hefty fee allocation could act as a substantial revenue source, strengthening the case for Friend Tech as a lucrative platform for content creators and developers.
So what does this all mean for Friend Tech and its community? Firstly, the new records indicate an elevated level of activity and engagement on the platform, which can attract further investments. Secondly, the increased transaction volume signifies a growing market for Friend Tech-based assets, which could lure more creators to the platform.
As Friend Tech sails into uncharted waters, market watchers will undoubtedly keep an eye on whether these record-breaking metrics can be maintained or even surpassed. Given the current momentum, the prospects look promising.
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