🚨Crypto News Flash🚨 Friend.tech, the decentralized social network, is facing a decline in assets locked in the project, dropping by 50% from its peak of 30,000 ETH ($50M) to 15,000 ETH ($33M)💰. On-chain analyst Tom Wan also reports a decrease in daily key minting activities📉.

Interestingly, Friend.tech transferred 7,800 ETH ($16.6M) to Coinbase recently🤔. The platform's user base has also shrunk, with only 1% of active users on Coinbase's Base blockchain using Friend.tech, compared to 55% during its peak📊.

What do you think is causing this decline❓ Share your thoughts in the comments👇!