As Stars Arena continues to disrupt SocialFi on Avalanche’s C-Chain, it poses strong challenges to Friend.tech and contributes positively to AVAX's growth.
In Brief
Stars Arena, a pioneering decentralized social media platform on Avalanche’s C-Chain, is gaining traction and effectively challenging Friend.tech's stronghold in the SocialFi sector.
In just two weeks since its launch, Stars Arena has reported over 10,000 active wallets, a trading volume hitting $3.26 million, and upwards of 462,000 transactions.
This decentralized social media platform is rapidly making its mark on Avalanche's C-Chain, revitalizing the decentralized social (DeSo) landscape. With a public feed, an intuitive user interface, and remarkable transaction growth, it's posing a significant threat to Friend.tech, resulting in a noticeable rise in AVAX's token value. Stars Arena , inspired by Friend.tech In contrast to Friend.tech, which has been criticized for limited social interaction and accessibility barriers for influencers, Stars Arena maintains a public feed that allows all users to view posts without any fees involved.
X user emphasized, 'On Stars Arena, there’s a public feed, which eliminates the need for payment to see content. That’s what I found lacking in Friend.tech — it didn’t cater to significant portions of some influencers’ followers.' They also pointed out, 'The onboarding experience here is just smoother than FT, and the interface is more engaging, unlike Friend.tech, which can lag and feel dull.'
In these two weeks, Stars Arena has achieved extraordinary growth with over 10,000 unique active wallets, a total trading volume of $3.26 million, and more than 462,000 transactions. Additionally, it has surpassed the $1 million total value locked (TVL) threshold, although it still trails behind Friend.tech's impressive $44.27 million in TVL. JoeJerry777 The Rise of Stars Arena Powered by AVAX in the DeSo Landscape
Users can link their Twitter accounts to Stars Arena, swap profile tokens for AVAX tokens, and enjoy private chatting options. Nonetheless, some users
have encountered issues such as chat delays and raised questions regarding the transparency of the platform's management team.
As Stars Arena challenges the supremacy of Friend.tech, the AVAX token has experienced an 8% uplift in price over the last day. This upswing underlines how a single DeSo platform can significantly influence overall user engagement in the crypto realm. users However, not everyone is on board with the DeSo trend, as certain users have voiced concerns regarding excessive screen time. Yet, the fast and user-friendly onboarding process of Stars Arena, in comparison to Friend.tech, continues to attract even the most skeptical users.
This represents a pivotal convergence between Web3 technology and social media, offering a solution to the shifting dynamics of digital social interaction. It merges social media principles with decentralized finance, enabling users, content creators, and influencers to own and control their content on these platforms.
DeSo is the essential blockchain foundation crafted specifically for building SocialFi applications, asserting its advantages in scalability over many conventional layer-1 chains. Designed exclusively for SocialFi purposes, DeSo employs mechanisms such as indexing, block size regulation, warp synchronization, and sharding to address scalability issues.
What is SocialFi?
SocialFi represents At the heart of SocialFi lies the use of NFTs for digital ownership coupled with DAOs for governance. This approach aims to liberate users from the centralized control and censorship common in the Web2 social media landscape, while enhancing incentives for financial gain, security, and autonomy over personal data.
By distributing data across a node network and leveraging blockchain technology, SocialFi seeks to bolster security and transparency, while providing users with a share of the advertising revenue. Even in the face of obstacles like scalability and interoperability, the decentralized, censorship-resistant, privacy-centric, and immutable traits of Web3 herald a significant transformation in our digital engagement.
User Wale.swoosh on X praised Stars Arena as 'eclipsing Friend.tech in various respects,' particularly noting its public feed feature that fosters greater social interaction than the Base-based DeSo platform.
I finally gave in and created a Stars Arena account after seeing it all over my feed.
While I’m not promoting my referral link, I would like to share a few insights:
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Agne is a journalist focused on the latest trends and developments within the realms of the metaverse, AI, and Web3 for Metaverse Post. Her storytelling passion has driven her to conduct numerous interviews with industry experts, always in pursuit of thrilling and engaging narratives. She holds a Bachelor’s degree in literature and boasts a rich writing background across a broad spectrum of topics, including travel, art, and culture. Additionally, she has volunteered as an editor for an animal rights initiative, working to raise awareness about issues related to animal welfare. Feel free to contact her through
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