Benzinga - The newly launched social network platform, Friend.Tech, operating on Coinbase Global Inc's (NASDAQ: COIN) Base blockchain, has witnessed a surge in daily active users, reaching an impressive 136,000.
After a subdued debut on Wednesday, which garnered only $10 million in new inflows on its inaugural day, Base has now surpassed the Optimism (CRYPTO: OP) blockchain, in daily user count, as per data from Dune Analytics, Coindesk reported.
It's inching closer to Arbitrum's (CRYPTO: ARB) user tally, which stands at 147,000, as revealed by tokenterminal statistics.
Since its launch, Base has seen a transfer of cryptocurrencies amounting to $175 million, with a significant 580,000 transactions recorded just on Thursday.
Friend.Tech is credited as a key driver of this activity. This innovative platform offers users the opportunity to buy or sell shares associated with prominent Twitter personalities.
Also Read: Russia's Digital Ruble Pilot Test Begins: A Potential Challenge To The Dollar's Global Reserve Status?
Currently in its beta phase, Friend.Tech requires a specific sign-up code for access.
A yet-to-be-unveiled section on the app hints at a forthcoming token release.
This has ignited a wave of excitement among users, many of whom are sharing referral codes in hopes of benefiting from a potential airdrop.
However, this sudden spike in user registrations led to a temporary server shutdown on Thursday due to the overwhelming demand.
Coinbase's Base, an Ethereum (CRYPTO: ETH) layer 2 blockchain, was developed using the Optimism software framework and is a product of Coinbase's incubation efforts.
Read Next: Worldcoin Launches New Feature To Attract New Users To Its Crypto Platform
Join Benzinga's Future of Digital Assets in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!
Photo: Shutterstock
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.