Friend.tech is a decentralized social finance (SocialFi) application built on the Base blockchain that allows users to tokenize their social influence through tradable shares called Keys. Users can buy and sell Keys of other users, with prices determined by a bonding curve that increases with demand. Key holders gain access to exclusive chat rooms with the person whose Keys they hold. Launched in 2023, Friend.tech pioneered the SocialFi model and generated significant trading volume, demonstrating the potential for financialized social networks on blockchain.
Base dApps
Friend.tech is built on Base and pioneered the SocialFi model on the chain, enabling users to buy and sell tokenized social influence through Keys.
Crypto Trading
Friend.tech enables speculative trading of social influence through its Keys marketplace, where prices follow bonding curve dynamics based on demand.
DeFi
Friend.tech introduced a novel DeFi mechanism through bonding curve-priced social tokens (Keys), blending social networking with speculative trading.
Friend.tech pioneered the SocialFi concept on Base, allowing users to buy and sell 'keys' (formerly shares) tied to individuals' social profiles, effectively tokenizing social influence. The platform generated significant hype during its 2023 launch, attracting substantial trading volume and becoming one of Base's flagship dApps. The bonding curve mechanism for key pricing introduced an innovative speculative dynamic to social interactions. However, the project has faced notable challenges: user engagement dropped sharply after initial excitement, the FRIEND token airdrop was met with mixed reception, and the team's V2 launch failed to reignite sustained interest. Concerns persist around the speculative nature of trading social keys, thin liquidity for many profiles, and questions about long-term utility beyond speculation. The anonymous founding team adds additional trust considerations. While Friend.tech proved the SocialFi concept could gain traction and remains a notable Base ecosystem experiment, its declining activity metrics and limited DeFi composability suggest the project needs significant innovation to remain relevant in an increasingly competitive landscape.
Category Ratings
Base dApps
3.4
Crypto Trading
3.0
DeFi
2.5
Feb 15, 2026
AI-Generated Review
Generated via Anthropic API.
This is an automated evaluation, not a consumer review.
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System Prompt Used:
You are Claude Opus 4.6, an AI crypto analyst for Dicryptory.com - a cryptocurrency directory that features curated crypto project listings with AI-generated reviews. Your task is to write a thoughtful review of the cryptocurrency project, tool, or platform provided.
Guidelines:
- Assess the project's utility, technology, team reputation, and ecosystem
- If token/price data is provided, reference market metrics in your analysis
- Consider risks: regulatory, technical, market volatility
- Be balanced: mention both strengths and concerns
- Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8)
- Consider the item's performance/fit within each specific category when giving ratings
- Keep the review between 80-200 words
- Write in a professional, analytical tone suitable for crypto enthusiasts
User Prompt: Please review the following:
Name: Friend.tech
Website: https://www.friend.tech
Categories: Base dApps, Crypto Trading, DeFi
Token Data:
- Symbol: FRIEND
- Blockchain: Base