Источник BeInCrypto.com
Заголовок $1.1 Million TVL Vanishes from Friend.tech Amid Base Network Woes
Дата 20240704

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

============= Обработанный текст:
$1.1 Million TVL Vanishes from Friend.tech Amid Base Network Woes

Friend.tech has seen over $1 million in total dollar value held in its smart
contracts flow out in less than 24 hours. This has been happening for almost a
month now, with the decentralized social media platform’s efforts to alleviate
users proving futile.

The Friend.tech decentralized app runs atop the Coinbase Layer-2 network,
Base. It is only second to Arbitrum (ARB) among Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum-based L2s on
value-locked metrics.

Friend.tech to Stay on Base L2

After a June 8 commitment to exit the Base blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
and migrate to its own
network, Friend.tech has revoked the plan. Its supply and liquidity will stay
on Base, with Friendchain migration plans now shelved.

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Weve heard your feedback: you don’t want FRIEND moving to another chain. We
agree. FRIEND was always meant to be a 100% community-controlled token
powering the Clubs contract. Migrating the supply and liquidity would not
align with that spirit. You ll still be able to create clubs, chat, buy
keys, and use FRIEND on Base in the friend.tech app,” Friend.tech team wrote .

Changing networks has been controversial , with some saying it was too soon.
Others saw it as a natural progression after Friend.tech co-founder Racer
cited and offered a $200,000 reward for any developer capable of smoothly
migrating the platform from Base without major disruptions.

Since then, Friend.tech Total Value Locked (TVL) has dwindled by $3.3 million
and nosedived by over $1.1 million in the last 24 hours, provoked by the
announcement that it would no longer be moving.

Read more: What is Friend.tech? A Deep Dive Into The Web3 Social Media App
Friend.tech TVL. Source: DefiLlama

TVL measures the total value of assets that are locked in a particular
protocol or platform. It represents the amount of cryptocurrency locked in
smart contracts within a DeFi ecosystem.

A drop in this metric suggests the withdrawal of assets from the DeFi
platform. It may signal a loss of confidence in the platform or users seeking
better opportunities elsewhere. Along with the drop in TVL, Friend.tech’s
native token FRIEND has dipped by 30% in the past 24 hours.

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Is Farcaster Siphoning from Friend.tech?

The drop in Friend.tech TVL can be ascribed to different reasons reasons.
First, the current market crash, with the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin price plunging to the
$57,000 range. As altcoins take their cues from BTC, the global market
capitalization has plunged by over 5%. A drop in overall market value can lead
to a decrease in TVL as the value of the locked assets also declines.

Otherwise, the drop in Friend.tech TVL points to a change in sentiment. This
change indicates investors are seeking alternatives to one of the leading
SocialFI dApps on the Base network. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum co-founder Vitalik Buterin• Объект человек » Персоналии по алфавиту » Персоналии на Бу » Бутерин, Виталик
predicted this in February, criticizing the project for relying on financial
speculation instead of genuine enjoyment.

Bad GameFi is using financial speculation as a substitute for fun. Blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

games need to be fun as games — approx quote I ve said many times I
believe a similar thing for crypto social,” he wrote .

If users are looking elsewhere, chances are that Farcaster is the destination.
It is Friend.tech’s industry peer and market rival in the decentralized social
media
. While Buterin• Объект человек » Персоналии по алфавиту » Персоналии на Бу » Бутерин, Виталик threw shade at the former, he expressed optimism for
Farcaster, citing its decentralized architecture and developer freedom.

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“Registering a prediction: Farcaster and lens will NOT be deserted in four
months or 1 year,” Buterin• Объект человек » Персоналии по алфавиту » Персоналии на Бу » Бутерин, Виталик wrote.

Friend.tech co-founder Racer also called out Farcaster for misconstruing their
project at launch, blaming the latter for straining the relationship between
Friend.tech and the Base community.

Read more: A Beginner’s Guide to Layer-2 Scaling Solutions L2 Scaling
Solutions, Source: L2Beat

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Meanwhile, with Base still domiciling Friend.tech, the L2 solution’s
popularity continues to froth, especially as the hub for SocialFi apps . Its
allure sprouts from using optimistic rollups to expedite transactions and
reduce costs. Base batches transactions off the main Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
,
consolidate them and finalize on the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum mainnet.

According to L2Beat’s scaling tracker, Base is one of the largest L2 on TVL
metrics, only second to Arbitrum. Notwithstanding, it is impossible to ignore
the recent challenges on the Base network, including security concerns about
its meme coin projects.

BeInCrypto recently reported that 91% of meme coin projects on the Base
platform are susceptible to security breaches . Therefore, progressive
improvements are critical for user protection and building trust in Base’s
ecosystem.

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============= Итог: 9,1971 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Бутерин, Виталик 9,1971 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 9,1971 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Блокчейн 7,9971 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum 4,7990 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Криптовалюта

============= Объекты: персоналии Бутерин, Виталик Канадско-российский программист, сооснователь журнала Bitcoin Magazine, сооснователь проекта Ethereum Ethereum (2014-***)

============= Связи: Bitcoin # ассоциации # Блокчейн Bitcoin # ассоциации 2014-*** # Ethereum Bitcoin # ассоциации 2014-*** # Бутерин, Виталик Блокчейн # ассоциации # Ethereum Криптовалюта # ассоциации # Блокчейн


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