Friend.tech V2 Launch and Airdrop Scheduled for This Thursday

The crypto community is buzzing with anticipation as Friend.tech prepares to roll out its updated platform alongside a FRIEND crypto airdrop. Scheduled for Thursday, May 2, at 10:30 AM PT, this event represents a major milestone for the decentralized social platform, which has experienced varying levels of user engagement since its debut in August 2023.

V2 and $FRIEND Airdrop

Friend.tech is actively evolving by introducing new features aimed at reinvigorating its user base and enriching its financial ecosystem.

The forthcoming Version 2 update includes exciting new functionalities such as the Money Club, which allows communities to manage shared treasuries and create tradable on-chain collectables like NFTs and meme coins. Additionally, the integration of custom curves will enable users to tailor engagement metrics and aesthetic customisations in chat spaces, enhancing interaction and investment on the platform.

Addressing community feedback, Friend.tech announced, “Many of you have requested a way to share your FRIEND airdrop with keyholders when you claim. We think this is a great idea. We’ll need some more time to make this happen, so we’re moving the launch to this Thursday at 10:30 am PT.”

Although the platform’s TVL has dipped from its peak of $52 million in October 2023, the upcoming features are expected to renew interest and potentially propel Friend.tech back to its previous prominence.

For newcomers, now is the perfect time to explore Friend.tech and its offerings. Veteran users should prepare for Version 2 by reviewing their current setups and anticipating the enhancements, ensuring they fully benefit from the new developments.

Friend.tech in Numbers

Source: DefiLlama / Friend.tech TVL

As Friend.tech prepares for its Version 2 release and a potential FRIEND token airdrop, the platform's total value locked (TVL) briefly surged to $41.82 million on April 10th. Despite this uptick, the TVL still trails the highs of November and October last year, which reached $47.97 million and $52.04 million, respectively.

Currently, the TVL stands at $34.7 million, reflecting a 16% decrease from its April peak, based on DeFiLlama data.

To date, Friend.tech has amassed over $110.7 million in fees and $55.3 million in revenue, according to Dune Analytics. Notably, the highest daily fees were recorded in April, with $757.1K generated on April 8th.

Additionally, the number of users who have conducted at least one trade on Friend.tech has grown to 903,837, and the platform has facilitated a total of 13.46 million transactions.