- Friend.tech boasts a staggering inflow of $300k unique users and $320k average daily revenue.
- Messari unveils Friend.tech’s potential for future growth, drawing insights from different metrics.
- Though the platform’s weekly chat retention is consistent, its weekly trading retention has declined.
According to recent data unveiled by Messari, the decentralized social media platform Friend.tech, boasts the inflow of a staggering 300k unique users, boosting user activity. Eliminating the possible uncertainties on the sustainability of the platform, despite its stable user activity and rising daily revenue, Messari research analyst Ally Zach dived deeply into Friend.tech’s potential for future growth.
1/ @friendtech has onboarded over 300k unique users since launch, but is the platform's growth sustainable?pic.twitter.com/0iBU8cgJOH
— Ally Zach (@0xallyzach) October 6, 2023
Though Friend.tech’s weekly chat retention outpaces traditional social networking platforms, the average weekly trading retention has declined from 22% to a mere 5% over the course of time. According to the researcher, users should spend money “to test out a chat, subject to 10% …
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