Friend.tech’s Total Value Locked (TVL) has undergone a substantial decline recently, registering its most significant single-day drop of 7.8% in early October, indicating a noteworthy downturn in performance.
Additionally, there has been a significant redemption of keys on Friend.tech, with reports of ongoing sim swap attacks casting a shadow over the network.
Massive Drop in Friend.tech TVL
A data and research analyst, Tom Wan, recently released an X thread exposing the massive drop in the new network’s TVL, as seen on Dune analytics. As per the tweet on Oct. 4, the network experienced its most significant single-day drop in TVL, recording a loss of about 2.3K Ethereum.
The TVL of @friendtech dropped 7.8% in a single day
What happened?
The new features in our @DuneAnalytics dashboard will show you what causes the drop
(0/6) pic.twitter.com/JizJZtsSPs
— Tom Wan (@tomwanhh) October 5, 2023
According to the data from DefiLlama stats, the Base-based platform experienced a decline i
We współpracy z: https://cryptopotato.com/friend-tech-records-largest-single-day-tvl-drop/
