Is Friend.Tech Dead? Can This New SocialFi Platform Be the Next Big Thing in Crypto

SocialFi platform Friend.tech went viral across Twitter after rolling out its beta on August 11th but since then, has been declared ‘dead’ by some media outlets after its volume and inflows declined.

Cointelegraph, CryptoNews, and even sites outside of the cryptocurrency space, such as TechCrunch, have run headlines on how the ‘hyped decentralized social app’ is losing steam and ‘dead,’ with tanking activity and a 95% drop in transactions.