# SocialFi's Second Coming

*Author: Bankless*
*Published: Apr 16, 2024*
*Source: https://www.bankless.com/socialfis-second-coming*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Frame-50474--14-.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=socialfi-friendtech-v2&email=true)

  

SocialFi's Second Coming

  

  
  Published on Apr 16, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Cartesi**](https://www.bankless.com/sponsor/cartesi-1713304933?ref=socialfi-friendtech-v2&email=true) — Build app-specific rollups with Web2 tooling without the constraints of Web3!

[Visit cartesi.io to Learn More](https://www.bankless.com/sponsor/cartesi-1713304933?ref=socialfi-friendtech-v2&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Bored Apes Down Bad
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Group-15--5-.png)](https://www.bankless.com/dashboard)- **🙈 Bored Apes sink lower. **Bored Apes' floor price [fell below 10 ETH](https://x.com/DaBunnyOFFICIAL/status/1779844567992246493) this week as NFT prices sunk deeper across the board. CryptoPunks are trading below 40 ETH.
- **⛏️ Solana mining protocol halts efforts.** ORE, a new protocol on Solana that was largely responsible for transaction spamming the network to a standstill, [announced](https://twitter.com/HardhatChad/status/1780249831207837726) it paused transactions and was focusing on its v2.
- **💷 Arbitrum's BOLD goes live on testnet. **ARB's permissionless validation protocol [just went live on testnet](https://blockworks.co/news/arbitrum-validation-protocol-permissionless), a key step in its journey toward greater decentralization.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
  Crypto Investors Go for Gold
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-16T145023.675.png)](https://www.bankless.com/investors-look-for-stores-of-value)**📊 Gold Fever.** Escalating geopolitical tensions sent onchain degens flocking to gold this weekend. *Why didn’t investors turn to BTC as a store of value, and why do they continue to ape precious metals?*

[Read More Free on Bankless.com](https://www.bankless.com/investors-look-for-stores-of-value)

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.31T
       

  
    
    ↗ 0.8%
    
  

   
    
    ↘ 11.2%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $63,729
       

  
    
    ↗ 1.1%
    
  

   
    
    ↘ 8.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,083
       

  
    
    ↘ 0.6%
    
  

   
    
    ↘ 12.2%
    
  

  

.  .  .

 
  
    

    ANALYSIS

  
  
    
   
SocialFi's Second Coming with Friend.Tech v2
  
  
   
     
     Bankless Author: 
     
      [
       
       David C](https://twitter.com/davewardonline)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-16T145030.405.png)](https://www.bankless.com/socialfi-friendtech-v2)**Friend.Tech is ready for a comeback.**

As Friend.Tech v2 approaches, let's take a look at where SocialFi is right now, what's missing from the sector and if Friend.Tech's imminent release can move the dial.

*Let's dig in* 👇

[Read the Full Rundown](https://www.bankless.com/socialfi-friendtech-v2)
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*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=socialfis-second-coming)*