Stars Arena's Meteoric Rise

Blockchain-based Stars Arena, inspired by FriendTech, has ignited a transaction frenzy on Avalanche's C-Chain network. 

According to data from DappRadar, Stars Arena has had a significant impact on Avalanche's network, with transactions increasing from 26.87k on Sept. 27 to over 248k Oct.4, about 820% increase.

Further, the transaction volume on Stars Arena also witnessed an astonishing climb, exceeding $2.1 million on Oct.4. The platform's user base has grown substantially, boasting more than 10,000 unique active wallets.

Stars Arena now exceeds $1 million in total value locked (TVL), though it still lags behind Friend.tech's $44.27 million TVL.

‍

SocialFi Trend Continues

Stars Arena recently became a key player in the emerging SocialFi trend, which began with FriendTech on Coinbase's Base Layer 2 blockchain in August. Similar projects like PostTech on Arbitrum and Friendzy on Solana have also emerged. 

In the same way as Friend.tech, Stars Arena enables users to link their Twitter accounts to the platform and then use AVAX tokens to purchase "tickets" from other users. This benefits both the platform and the users through fee sharing.

While purchasing a user's ticket provides access to a private chat, Stars Arena is distinct by offering a public feed, so users can follow others without investing much money.