{"id":13238,"date":"2023-08-20T22:35:26","date_gmt":"2023-08-20T22:35:26","guid":{"rendered":"https:\/\/isafespend.com\/investing\/friend-tech-generates-over-1m-fees-in-24h-surpassing-uniswap-bitcoin-networks\/"},"modified":"2023-08-20T22:35:27","modified_gmt":"2023-08-20T22:35:27","slug":"friend-tech-generates-over-1m-fees-in-24h-surpassing-uniswap-bitcoin-networks","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=13238","title":{"rendered":"Friend.tech generates over $1M fees in 24h, surpassing Uniswap, Bitcoin networks"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Friend.tech, a recently released decentralized social (DeSo) network, has <span>generated<\/span> over $1 million in fees in 24 hours on Aug. 19, outperforming established players in the crypto ecosystem, including  and the  network.<\/p>\n<p>The platform was launched in beta version on Aug. 11 and allows users to tokenize their social network by buying and selling \u201cshares\u201d of their connections. Enabling a person who purchases another&#8217;s share to send private messages to each other. The protocol reportedly<span> charges<\/span> a 5% fee on transactions, with the spread from trades representing the owner&#8217;s profit.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Ranking by fees and revenue generated by crypto projects on Aug. 20. Source: DefiLlama.<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<p>Continue Reading on Coin Telegraph<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/cryptocurrency-news\/friendtech-generates-over-1m-fees-in-24h-surpassing-uniswap-bitcoin-networks-3157752\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Friend.tech, a recently released decentralized social (DeSo) network, has generated over $1 million in fees in 24 hours on Aug. 19, outperforming established players in the crypto ecosystem, including and the network. The platform was launched in beta version on Aug. 11 and allows users to tokenize their social network by buying and<\/p>\n","protected":false},"author":1,"featured_media":13239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-13238","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Friend.tech generates over $1M fees in 24h, surpassing Uniswap, Bitcoin networks | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Friend.tech, a recently released decentralized social (DeSo) network, has generated over $1 million in fees in 24 hours on Aug. 19,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=13238\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friend.tech generates over $1M fees in 24h, surpassing Uniswap, Bitcoin networks | iSafeSpend\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. 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