Friday, June 13, 2025
No Result
View All Result
Ajoobz
Advertisement
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Ajoobz
No Result
View All Result

Coinbase’s Viral Blockchain App, Friend.tech, Keeps Focus on Underlying OP Stack Technology

2 years ago
in Bitcoin
Reading Time: 1 min read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E-Mail



PRICE OF POPULARITY: Coinbase, the large U.S. crypto alternate, is getting a quick schooling, as one of many first massive publicly traded firms to run its personal blockchain. Its new Base challenge, a layer-2 community atop Ethereum, simply launched this month, and already certainly one of its new purposes, Good friend.tech, has gone viral, shortly attracting greater than 100,000 customers and producing greater than $25 million in charges. Good friend.tech, which permits customers to buy shares of X (Twitter) influencers, noticed a speedy spike in exercise (see chart above) after asserting on Aug. 18 that it had scored seed funding earlier this yr from the crypto-focused venture-capital agency Paradigm. Good friend.tech’s early success has helped drive up key metrics on the Base community, driving its whole worth locked (TVL) previous $200 million and at one level pushing transactions per second above these of Ethereum in addition to rival layer-2 initiatives Arbitrum and Optimism. Based on FundStrat, Base has accrued practically $4 million in charges, $2.5 million of which is retained by Coinbase; it really works out to $30 million additional income on an annual foundation. One query is whether or not Base can retain the expansion as soon as this sizzling ball of cash bounces to the following crypto craze. “Good friend.Tech’s speculative nature,” writes Galaxy Analysis, “highlights ongoing questions over Coinbase’s function in moderating a series that at present is ‘decentralized’ in title solely.”



Source link

Tags: AppblockchainCoinbasesFocusfriend.techStackTechnologyUnderlyingViral
Previous Post

How to Do Your Research (DYOR) in Crypto

Next Post

Crypto fear and greed falls to 34 as Chancer raises $1.65M

Related Posts

Stablecoin Cap Sets 8 Billion Record—What’s Behind Boom?
Bitcoin

Stablecoin Cap Sets $228 Billion Record—What’s Behind Boom?

1 hour ago
Bitcoin Could Jump 20% For Every 1% Liquidity Boost: Expert
Bitcoin

Bitcoin Could Jump 20% For Every 1% Liquidity Boost: Expert

7 hours ago
XRP Moves Into High Gear With Bitgo as Institutional DeFi Race Accelerates
Bitcoin

XRP Moves Into High Gear With Bitgo as Institutional DeFi Race Accelerates

11 hours ago
Bitcoin Will Replace Gold And Go To ,000,000, Says Galaxy Digital CEO Mike Novogratz
Bitcoin

Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz

15 hours ago
Shiba Inu Burn Rate Soars 1,869% In One Day, But Doesn’t Make A Dent In Supply
Bitcoin

Shiba Inu Burn Rate Soars 1,869% In One Day, But Doesn’t Make A Dent In Supply

20 hours ago
Binance Opens Trading In Syria After US, EU Lift Sanctions
Bitcoin

Binance Opens Trading In Syria After US, EU Lift Sanctions

23 hours ago
Next Post
Crypto fear and greed falls to 34 as Chancer raises .65M

Crypto fear and greed falls to 34 as Chancer raises $1.65M

FET, GRT, AGIX Hold Gains After Nvidia’s (NVDA) Earnings Beat Solidifies Artificial Intelligence Outlook

FET, GRT, AGIX Hold Gains After Nvidia's (NVDA) Earnings Beat Solidifies Artificial Intelligence Outlook

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

[ccpw id="587"]
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us
Contact us for business inquiries: cs@ajoobz.com

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In