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Post.Tech, Friend.Tech’s Rival, Sees Surge with $1.8 Million Every single day Shopping and selling Volume

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Source: Adobe / TeerasanOn this planet of social media, competition is fierce, and in the case of token-gated channels, pioneer Friend.Tech dominated except rival Post.Tech no longer too prolonged ago skilled a surge in day-to-day procuring and selling quantity, The Block reported on Thursday.

Post.Tech operates mighty love its predecessor, Friend.Tech, offering token-gated channels the build customers can rob and sell entry tokens.

Every platforms price a 10% rate on transactions, ruin up evenly between the app and the channel’s proprietor.

Whereas Friend.Tech has dominated this scheme since its inception, with day-to-day transaction volumes as soon as in a whereas reaching $20 million and a total quantity of $250 million, Post.Tech is catching up no topic launching a month later, the recent knowledge showed.

Soaring usageOn September 20, Post.Tech recorded $875,000 in transaction quantity, based on DappRadar.

Meanwhile, the records showed that over the final 24 hours, the platform has viewed procuring and selling quantity exceed $1.81 million, with day-to-day transactions soaring from appropriate 2,000 on September 16 to over 190,000 as of September 21.

Source: DappRadarAt the same time, the DappRadar knowledge showed that over 22,000 queer animated wallets (UAWs) web interacted with Post.Tech within the final 24 hours, when put next with 14,300 UAWs on Friend.Tech.

The robust express in usage become additionally pointed to by put up.tech in a put up on X from Thursday:

Diversified L2 networksThe two platforms web some differences rate noting.

Friend.Tech operates on Coinbase’s recent Ethereum Layer 2 community Scandalous, whereas Post.Tech uses the current but older Ethereum Layer 2 community Arbitrum.

One other distinction is the reward mechanism, the build Friend.Tech rewards customers with capabilities, fueling hypothesis about seemingly airdrops within the prolonged flee.

In distinction, Post.Tech offers cash rewards, disbursed proportionally based on particular person project.

Post.Tech no longer too prolonged ago announced a $100,000 reward for project between September 7 and September 22, which The Block speculated would per chance be contributing to its latest surge in usage.

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