Kenne Michael 
Avalanche
Decentralized social media (DeSo) application Stars Arena has significantly increased network traffic on Avalanche’s C-Chain.
As network activity increased, so did the price of the network’s native AVAX token, which has increased by more than 8% over the past twenty-four hours.
Over the past two days, the number of daily transactions on the Avalanche C-Chain, the blockchain component designed exclusively for running smart contracts on Avalanche, has increased by more than 186% due to the Friend.tech-inspired Stars Arena.
Additionally, the Stars Arena application has expanded swiftly, with over 10,000 unique active wallets on the platform.
According to data from DappRadar, the platform has experienced more than $3.26 million in total trading volume and slightly more than 462,000 transactions over the past two days.
Meanwhile, DefiLlama data indicates that the platform’s total value locked (TVL) has surpassed $1 million.
This, however, pales in comparison to Friend.tech, which commands a TVL of $44,270,000.
Like Friend.tech, Star Arena allows users to connect their X (formerly Twitter) accounts to the platform.
Users then use the AVAX token to purchase “tickets” from other users, with the platform and users receiving a small fee when tickets are purchased and sold.
Purchasing a user’s ticket grants users access to a private conversation; however, unlike Friend.tech, Stars Arena offers a public feed, allowing users to follow others without paying substantial fees.
X user Wale.swoosh characterized Stars Arena as “superior to Friend.tech in a lot of ways” because its public feed feature enables users to be more social than on the Base-based DeSo application.
https://twitter.com/waleswoosh/status/1709530638972280905
Nonetheless, Wale.swoosh and a number of other users across X noted that the application was still quite buggy, with chats being “very laggy,” and they drew attention to the absence of information regarding the team behind the application.
Stars Arena is the latest social finance platform to join the ranks of Alpha on the Bitcoin network, Friendzy on Solana, and PostTech on Arbitrum.
Despite the proliferation of comparable DeSo apps, Friend.tech remains the market leader with more than $293 million in monthly trading volume, surpassing PostTech by more than $283 million.
