The daily transaction volume of PostTech, which was launched as a rival to the SocialFi platform FriendTech, reached 1.8 million dollars.
Activities on the social media site PostTech began to increase. For the first time, the site recorded more than $1.8 million in transaction volume in a 24-hour period. The platform is similar to the new FriendTech application in both function and business model. Both offer services where users can buy and sell access tokens and pay a significant 10 percent fee on the transactions, half to the app and half to the channel owner.
Interest in SocialFi platforms is increasing!
FriendTech, the original version of this style app, recorded much larger volumes. According to the Dune dashboard created by TK Research, it saw $20 million in daily trading volume. It has recorded $250 million in volume since its inception. In contrast, PostTech is trading at lower volumes as it was launched a month later.
SocialFi activities have started to increase in the last few days. According to DappRadar, on September 20, the app saw $875,000 in transaction volume; This shows a volume of $1.8 million in the last 24 hours. The number of daily transactions increased from 2,000 on September 16 to 87,000 currently. DappRadar data showed more than 11,000 active wallets interacted with Post.Tech in the last 24 hours, compared to 15,700 wallets on FriendTech.
In addition to all this, PostTech, which will hold an Airdrop in about 12 hours, seems to have already excited its investors. Users have created a huge trend by tagging PostTech-related words in their posts on X. The SocialFi craze, which started with FriendTech and continued with PostTech, is followed closely.
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