Brian Armstrong, Coinbase CEO, highlighted how Friend.tech, a decentralized social application, is helping to fuel the growth and adoption of his exchange-backed Ethereum (ETH) layer-2 network, Base.
In an Aug. 23 post on X (formerly Twitter), Armstrong, while responding to a post from Coinbase Head of Protocols Jesse Pollack, noted that Base hit an average of 16 transactions per second (TPS) on Aug. 21, surpassing Ethereum’s transaction count for the same timeframe.
According to the Coinbase CEO, the large volume of transactions could be tied to the growth and hype surrounding the Friend.tech platform.
Friend.tech’s stunning growth
Friend.tech is a decentralized social application that has gained wide adoption and usage from the crypto community in less than two weeks of its launch.
The application enables users to purchase and trade “Keys” associated with their friends’ social media profiles. These “Keys” grant exclusive access to the user’s private in-app chatrooms a
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