Friend.Tech rival Post.Tech activity picks up with $1.8 million in daily volume
Activity on the social media site Post.Tech has started picking up, with the site recording more than $1.8 million in trading volume in a 24-hour period for the first time. The site is a clone of the novel app Friend.Tech, both in function and business model. Both offer token-gated channels where users can buy and sell access tokens — and pay a substantial 10% fee on transactions, half to the app and half to the channel’s owner.
As the original version of this style of app, Friend.Tech has recorded much greater volumes. It has witnessed days of $20 million in transaction volume daily, according to a Dune dashboard created by TK Research. Since its inception, it has recorded $250 million in volume. In contrast, Post.Tech is still at much lower volumes, having launched a month later. In the last few days, however, activity has started to pick up. On September 20, the app saw $875,000 in transaction volume, according to DappRadar, which also shows $1.8 million in volume over the last 24 hours. The number of daily transactions has risen from 2,000 on Sep. 16 to 87,000 now.
Source
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