As, per a social media disclosure by Tom Wan, an on chain analyst at 21Shares parent company 21.co the current total locked amount in Friend.tech is around 15,000 ETH ( 33 million USD).
This represents a decrease of 50% from its recorded value of 30,000 ETH (approximately 50 million USD). Additionally the daily average minting activity has experienced a decline.
In instances there are redemptions than new mints. Currently about 1.2% of users, on the Base chain continue to utilize Friend.tech. Furthermore it contributes 1% to the daily average fee revenue compared to its peak values of 54% and 18% respectively.
