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While Friend.tech booms, decentralized social has a retention problem — Execs

Published 08/27/2023, 07:07 PM
Updated 08/27/2023, 08:40 PM

Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on their social media platforms.

Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for the first time will end up quitting, either due to clunky onboarding or simply not knowing anyone.

“A party where you don’t know anyone.”

Average number of monthly active users on decentralized social media platforms between January and April. Source: CoinGecko

Friend.tech bucks trend?

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