Global #SocialFi

While the broader cryptocurrency market has been experiencing a period of consolidation, AI meme coins have emerged as a standout performer.

Friend.tech, the decentralized social media platform that has rapidly gained popularity on the Base network, recently announced its ambitious expansion into the blockchain realm with the development of its proprietary blockchain, Friendchain.

Since the start of April, the creation of new tokens has surged, surpassing a million in total, with over 370,000 appearing on Ethereum, largely attributed to activity on Coinbase's Layer 2 network, Base.

Lens, the social network infrastructure built on blockchain technology, is undergoing a major transformation with the introduction of its new platform, the SocialFi Lens Network.

With the emergence of SocialFi, social media—once a place for funny cat videos and trip pictures—may be about to undergo a major transformation.