Friend.tech’s Revenue Growth Exceeds 10,000 ETH Milestone

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By BitcoinWiki News

Key Takeaways:

– Friend.tech, a decentralized social network built on Coinbase’s Base platform, has generated approximately ETH 11,000 in protocol fees.
– The total protocol fees currently stand at ETH 10,727.622 (or $17,606,837), with a record-breaking day of ETH 616 in fees on September 14.
– In terms of fees in the past 24 hours, Friend.tech ranks third behind Ethereum and Lido, surpassing platforms like OpenSea and Tron.
– The dapp has accumulated a total inflow of ETH 214,458 (nearly $352 million) and has seen 9,235,503 cumulative transactions.
– ETH 122,143 was recorded as the volume bought, with 306,884 unique buyers, while ETH 92,313 was the total volume sold, with 168,914 unique sellers.
– Base’s total value locked (TVL) experienced a significant increase from $201.69 million to $411.5 million between August 31 and September 6, currently sitting at $356.51 million.
– Friend.tech alone recorded a TVL of $52.42 million, showing substantial growth in a short period.
– The app tokenizes Twitter accounts and allows users to buy and sell “shares” of social media personalities, granting access to private chats with the purchased shares.
– Despite facing criticism and skepticism, Friend.tech has been able to maintain its activity and growth on the Base platform.


Friend.tech, a decentralized social network built on Coinbase’s Base, has accumulated over ETH 11,000 in protocol fees. The application, which tokenizes Twitter accounts and enables the buying and selling of “shares” of social media personalities, has experienced significant activity and growth. According to Dune Analytics, the total protocol fees have reached ETH 10,727.622, with a record-breaking day on September 14 when ETH 616 in fees was recorded. In terms of fees in the past 24 hours, Friend.tech ranks third, following Ethereum and Lido. The dapp has attracted a total inflow of ETH 214,458 and has recorded 9,235,503 cumulative transactions. Additionally, Friend.tech’s total value locked (TVL) has seen substantial growth, with a current TVL of $52.42 million. Despite facing criticism and doubts, the app continues to thrive and compete in the market.

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