Post.Tech Sees Rising Volumes, Rivaling Friend.Tech

The newest social networking application, Post.Tech, has reached a daily volume of $1.8 million for the first time.

Recently, decentralized social media platforms have become one of the most spotlight trends in the digital realm. Especially with platforms allowing users to profit from profile buying and selling, a new one has been added to the list: Post.Tech.

What is Post.Tech?

Post.Tech emerges as a Web3-based social networking platform where profiles turn into assets and interactions have tangible value. It operates its transactions on Arbitrum, which is Ethereum’s Layer 2 network. The application claims to aim at creating a mechanism that ensures as fair a benefit as possible for its users.

On the other hand, Friend.Tech had drawn attention by offering its users the feature to tokenize their friends. Both Friend.Tech and Post.Tech operates with similar business models and offers its users the opportunity to transact via access tokens. However, Friend.Tech conducts its operations on Coinbase’s Base Layer 2 network.

Notable Increase in Volume

Recently, there has been a significant increase in Post.Tech’s activities. The platform began making headlines after reaching a transaction volume of $1.8 million within a 24-hour period for the first time. However, the pioneer in this field, Friend.Tech, boasts an average daily transaction volume of $20 million.

Since its inception, Friend.Tech has recorded a total volume of $250 million. However, since Post.Tech was launched a month after Friend.Tech, its volume is relatively modest when compared.

Differences in Features and Rewards

There are also operational differences between the two platforms. On Friend.Tech, only the channel owner can view the messages, while on Post.Tech, all users have access to the messages within a channel. The reward systems also differ. While Friend.Tech offers users a point-based reward system, Post.Tech has a clearly defined cash distribution system. In other words, there are noticeable differences in the benefits and opportunities offered to users by the two platforms.

Source: The Block

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