Frenzied activity around Friend.Tech, a social network platform built on Coinbase’s (COIN) layer 2 blockchain Base, has driven daily active users to a record high of 136,000, per Dune Analytics, according to Tokenterminal data. The platform, which allows users to purchase or sell shares tied to popular Twitter figures, has seen a surge in sign-ups and almost 580,000 transactions recorded on Thursday.
Base, which was incubated by Coinbase and built using the Optimism (OP) stack, has now overtaken rival layer 2 blockchain Optimism in terms of daily active users as it nears Arbitrum’s total of 147,000. A total of $175 million has been bridged to Base since its inception.
The app is currently in beta and can only be accessed with a valid sign-up code. A grayed-out section at the top of the app suggests the platform will release a token, spurring a flurry of activity as users attempt to farm a potential airdrop by sharing referral codes. The platform’s servers experienced downtime on Thursday due to the influx of users.