The viral growth blueprint that made Friend.tech the fastest-growing social dApp

2023-9-14 11:25

A new Token Terminal report was released on Sept. 14 on the meteoric rise of Friend.Tech (FT) reveals critical factors driving the app’s growth.

Timing the launch with Base’s debut proved crucial, with Base now boasting 400k+ users. FT quickly became Base’s biggest gas guzzler, consuming 20% of total gas. The instant liquidity and audience on Base jumpstarted network effects.

Token Terminal further found that the expertise of FT’s co-founders was crucial, as their backgrounds in viral social media primed them to engineer an addictive experience. Though their identities are pseudonymous, the report notes they have a proven track record of launching successful apps. The anonymous founders planned FT’s viral growth by focusing on creator monetization and exclusivity.

Celebrity influencers were enlisted early, lending social proof. Getting 70% of crypto influencers with 50k+ followers onboarded demonstrated substantial product-market fit. The network clustered around high-value individuals first, akin to a clubhouse.

Viral loops and gamification propelled growth through speculation and token incentives. Following the playbooks of Blur and LooksRare, trading volume exploded. Although dependent on speculation, incentivization was mandatory for ignition.

User retention figures are far above comparisons with other Web3 or Web2 social media applications, as over 70% of users return the next day and 50% return after 7 days.

Source: Token Terminal

Revenue becoming detached from operations was a boon for FT, according to Token Terminal. Automated marketplace fees require zero marginal effort from developers. Self-perpetuating creator monetization is a killer combination.

The app’s Progressive Web App (PWA) architecture was integral for bypassing gatekeepers. Without app store tolls, FT and creators keep all value created. This level of margin allows generous revenue sharing to incentivize creators.

Price curve innovation reinforced positive feedback loops. Exponential price growth with scarcity propagates hype and speculation while improving user experience. Lower key-to-holder ratios increase exclusivity.

Thus, despite doubts about sustainability, FT is the fastest-growing social dApp ever.

Analyzing the ingredients of its viral cocktail provides a blueprint for decentralized social apps to come. With the right strategy, execution, and circumstances, the pace of adoption can astonish even the most optimistic observers.

Token Terminal’s report illuminates the immense latent demand for creator monetization through crypto-native social experiences. The full report is available on the Token Terminal website.

The post The viral growth blueprint that made Friend.tech the fastest-growing social dApp appeared first on CryptoSlate.

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tech friend base growth driving app factors

tech friend → Результатов: 68


У Friend.Tech появился серьезный конкурент

Активность на Post. Tech, аналоге Web3-соцсети Friend. Tech, за последние дни выросла в сотни раз — за 24 часа объем торгов на платформе превысил $2,3 млн. Об этом свидетельствуют данные DappRadar.

2023-9-22 20:53


Friend.Tech угрожает пользователям блокировкой

Команда Web3-соцсети Friend. Tech предупредила о возможных блокировках за использование копий или подражателей приложения.   Публикация вызвала бурную реакцию сообщества, поэтому спустя несколько часов компания удалила пост в X (ранее Twitter).

2023-8-29 12:48


Криптосообщество похоронило проект Friend.Tech

Менее чем через три недели после запуска торговые показатели активности новой Web3-соцсети Friend. Tech резко пошли на спад. Участники рынка заявили о «смерти» проекта. По данным DeFi Llama, 21 августа комиссии в протоколе достигли пика в $1,7 млн, но уже 26 августа упали более чем на 87% — до $215 000.

2023-8-29 14:25


Coingecko определили лидеров по сборам роялти на friend.tech

Основатель платформы friend. tech — 0xRacerAlt — занимает второе место в списке аккаунтов, получивших средства в виде роялти. Ему удалось заработать 58,04 ETH, что на момент написания составляет около $95 460.

2023-8-24 18:03


Friend Or Foe? Friend.tech Social Media Platform Potentially Getting SEC Attention

Friend.tech, the pioneering decentralized social media platform developed by the creators of Stealcam, has taken the digital world by storm in its mere two weeks of existence.  This innovative app, built on Coinbase’s Base scaling network for Ethereum, has introduced a revolutionary concept – enabling users to buy and sell “keys,” originally referred to as […]

2023-8-22 12:30


Приложение friend.tech обошло Uniswap по сбору комиссий

21 августа 2023 года приложение friend. tech заняло третье место по суточному объему комиссионных сборов в рейтинге DeFiLlama, обогнав Convex Finance и PancakeSwap.   Только 19 и 20 августа проект привлек ~$2,5 млн комиссий.

2023-8-22 09:51