Thursday, June 13, 2024
Home > Blockchain > to leave Base for own blockchain to leave Base for own blockchain, a decentralized social media platform, has partnered with crypto infrastructure firm Conduit to develop its own blockchain, named Friendchain.

Following the announcement on June 9, the platform’s native token, FRIEND, experienced a temporary price surge, but is down almost 5% in the last 24 hours, according to CoinGecko data. will be departing Coinbase’s Etheruem layer-2 Base, potentially altering the platform’s cost structure and user interactions.’s decision to establish its own blockchain follows a period of stagnating transactions since its strong launch in August 2023.

The platform recorded a peak in transactions on the day of the announcement, which also coincided with a significant sell-off of Friend tokens by a user shortly after a major airdrop.

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