Key Points:
This unprecedented surge marks a significant development for Post.Tech, a platform mirroring the functionality and business model of Friend.Tech but operating on the Arbitrum blockchain.
Despite this impressive achievement, Post.Tech’s trading volume still lags behind its counterpart, Friend.Tech, which boasts a staggering daily trading volume of $20 million. Nevertheless, Post.Tech’s rapid growth and increased trading activity suggest that it may be on its way to giving Friend.Tech a run for its money.
DappRadar, a leading provider of decentralized application data, has reported that over the past 24 hours, more than 11,000 unique active wallets engaged with Post.Tech. This robust level of engagement is a testament to the platform’s growing popularity within the crypto community. However, it’s worth noting that Friend.Tech continues to maintain a higher number of active wallets, with 15,700 users participating in its ecosystem.
The surge in trading volume and the increasing number of active wallets on Post.Tech demonstrate the platform’s potential to disrupt the social media and blockchain space. With its foundation on the Arbitrum blockchain, Post.Tech offers users a unique and secure environment for social interactions and transactions. As the platform continues to gain traction and user trust, it remains poised to challenge the dominance of established players like Friend.Tech.
This development in the world of blockchain-based social media platforms showcases the growing interest and adoption of decentralized applications. It also highlights the competitive landscape in this rapidly evolving industry, where platforms like Post.Tech are making strides to carve out their own space and offer users innovative solutions for their social and financial needs.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Palo Alto, California, 21st November 2024, Chainwire
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