Friend.tech Sees 95% Drop in Trading Volumes!

The post Friend.tech Sees 95% Drop in Trading Volumes! appeared first on Coinpedia Fintech News

Crypto platform Friend.tech has seen a 95% drop in buying and selling volumes, falling from a peak of $16m to just over $700,000. Cumulative volumes are up from $80m to $85m this week, but new users have fallen off, indicating the initial demand has already been met. The platform allows former Twitter personalities to issue “keys” for access to closed group chats and has earned over $4.2m of ether in fees for creators. The developers say over 75% of key holders use the app “the next day” and over 50% “still use it after a week”.