$1.1 Million TVL Loss at Friend.tech: Implications of Base Network Problems
Thursday, 4 July 2024, 16:46
Friend.tech Faces $1.1 Million TVL Drop
Friend.tech encountered a significant reduction in Total Value Locked (TVL) amounting to $1.1 million. The decline was primarily attributed to ongoing issues associated with the Base Layer 2 network.
Network Problems Lead to User Discontent
The persistence of problems with the Base Layer 2 network resulted in increased dissatisfaction among users of Friend.tech.
- Token Value Dip: The diminishing trust in the network led to a considerable drop in the value of the project's token.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.