Friend.tech App Sees Rapid Growth in Revenue, Fees, and Activity
The Friend.tech app, which is built on Coinbase’s Ethereum layer-2 Base, has experienced significant growth in revenue, fees, and user activity. Here are the key points:
- Revenue:
- In the past 24 hours, Friend.tech ranked 3rd in revenue with $840,889, surpassing large projects like MakerDAO and Convex Finance.
- In the past seven days, it generated $2.31 million in revenue, surpassing Synthetix and PancakeSwap.
- Over the past 30 days, Friend.tech accumulated $2.95 million in revenue, placing it in 13th place.
- Fees:
- In the last day, Friend.tech recorded $1.68 million in fees, just behind Ethereum.
- Over the past week, it generated $4.61 million in fees, ranking 5th.
- Cumulative 30-day fees for Friend.tech are $5.9 million, placing it in 10th place.
- User Activity:
- The app has seen a 188% jump in unique users, reaching 88,888 as of August 22.
- It has recorded nearly 1.7 million total transactions and $61.86 million in cumulative inflow.
- App Description:
- Friend.tech is a decentralized social media app that tokenizes crypto personalities.
- It allows users to buy and sell “shares” of social media personalities, granting access to private chats.
Hot Take
The rapid growth of the Friend.tech app is a testament to the increasing demand for decentralized social media platforms in the crypto community. By tokenizing crypto personalities and providing a platform for users to engage with them, Friend.tech has attracted a significant number of users and generated substantial revenue and fees. As the app continues to evolve and gain popularity, it has the potential to disrupt traditional social media platforms and redefine how we interact with influencers in the crypto space.
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