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Friend.tech Sees 95% Drop in Trading Volumes!

August 31, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Crypto Dwell Information

Writer: Mustafa Mulla Aug 31, 2023 15:03

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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Crypto platform Pal.tech has seen a 95% drop in shopping for and promoting volumes, falling from a peak of $16m to only over $700,000. Cumulative volumes are up from $80m to $85m this week, however new customers have fallen off, indicating the preliminary demand has already been met. The platform permits former Twitter personalities to subject “keys” for entry to closed group chats and has earned over $4.2m of ether in charges for creators. The builders say over 75% of key holders use the app “the following day” and over 50% “nonetheless use it after every week”.

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