{"id":67785,"date":"2023-10-02T08:50:23","date_gmt":"2023-10-02T12:50:23","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/friend-techs-revenue-growth-exceeds-10000-eth-milestone\/"},"modified":"2023-10-02T08:50:25","modified_gmt":"2023-10-02T12:50:25","slug":"friend-techs-revenue-growth-exceeds-10000-eth-milestone","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67785","title":{"rendered":"Friend.tech’s Revenue Growth Exceeds 10,000 ETH Milestone"},"content":{"rendered":"
\n

Base<\/strong>-based, Twitter<\/strong>-linked decentralized social network Friend.tech<\/strong> is approaching ETH 11,000 in protocol fees.<\/p>\n

Friend.tech is a Social-Fi decentralised application (dapp) deployed on Coinbase<\/strong>\u2019s Base.<\/p>\n

According to Dune Analytics<\/strong>, the total protocol fees hit ETH 10,727.622 (or $17,606,837), where they sit at the time of writing (Monday morning, UTC).\u00a0<\/p>\n

September 14 remains the record-breaking day, with ETH 616 in fees recorded. At the time, total fees were halfway towards their current all-time high.<\/p>\n

Per DeFiLlama, in terms of fees in the past 24 hours, the protocol has taken the high third place.<\/p>\n

This is behind Ethereum<\/strong> and Lido<\/strong>, and before OpenSea<\/strong> and Tron<\/strong>, as well as other layer-1 and layer-2 giants like Uniswap<\/strong>, Bitcoin<\/strong>, MetaMask<\/strong>, Arbitrum<\/strong>, Optimism<\/strong>, etc.<\/p>\n

Over the past week, the dapp took the fourth spot, with Tron sitting on the third.<\/p>\n

According to Dune Analytics data, the total inflow is ETH 214,458 (nearly $352 million). The protocol has seen 9,235,503 cumulative transactions.<\/p>\n

Moving on to the volume bought, Friend.tech recorded ETH 122,143 and 306,884 unique buyers. Meanwhile, the total volume sold is ETH 92,313, with 168,914 unique sellers.<\/p>\n

Buyers were the most active in the second half of August and sellers in mid-September.<\/p>\n

Furthermore, per DeFiLlama, Base’s total value locked (TVL) jumped from $201.69 million to its peak of $411.5 million between August 31 and September 6, currently sitting at $356.51 million.<\/p>\n

Friend.tech alone recorded TVL of $52.42 million, up 4% in a day, 34% in a week, and 670% in a month. This is worth ETH 30,283, per current prices.<\/p>\n

The dapp took the second place, behind Aerodrome<\/strong>‘s $104.98 million.\u00a0<\/p>\n

Friend.tech is an app built, presumably by developer Racer, on Coinbase’s much anticipated Ethereum layer-2 Base, which launched on August 9.<\/p>\n

It tokenizes Twitter accounts and allows users to buy and sell “shares” of social media personalities. The ownership of a share of a personality – the price of which fluctuates according to supply and demand – grants the holder access to a private chat with that person.<\/p>\n

Notably, since its launch, the project has seen its share of criticism and has even been pronounced dead quite a few times.<\/p>\n

You can read more about Friend.tech and related stories below.<\/p>\n

____<\/p>\n

Learn more:\u00a0<\/h3>\n

– Is Friend.tech Really Dead? \u2013 Here’s What We Know
– Base Network’s Friend.tech App Leads in Activity, Surpassing Arbitrum and Optimism<\/p>\n

– Post.Tech, Friend.Tech’s Rival, Sees Surge with $1.8 Million Daily Trading Volume
– Chainlink\u2019s Cross Chain Protocol Goes Live On Base: Here\u2019s The Latest<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees. Friend.tech is a Social-Fi decentralised application (dapp) deployed on Coinbase\u2019s Base. According to Dune Analytics, the total protocol fees hit ETH 10,727.622 (or $17,606,837), where they sit at the time of writing (Monday morning, UTC).\u00a0 September 14 remains the record-breaking day, with […]<\/p>\n","protected":false},"author":1,"featured_media":67786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-67785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nFriend.tech's Revenue Growth Exceeds 10,000 ETH Milestone | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.Friend.tech is a Social-Fi decentralised\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=67785\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.Friend.tech is a Social-Fi decentralised\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=67785\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T12:50:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-02T12:50:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/adobestock-aleksandr-marc___media_library_original_1200_800.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67785#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67785\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Friend.tech’s Revenue Growth Exceeds 10,000 ETH Milestone\",\"datePublished\":\"2023-10-02T12:50:23+00:00\",\"dateModified\":\"2023-10-02T12:50:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67785\"},\"wordCount\":414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67785#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67785\",\"url\":\"https:\/\/ifintechworld.com\/?p=67785\",\"name\":\"Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-02T12:50:23+00:00\",\"dateModified\":\"2023-10-02T12:50:25+00:00\",\"description\":\"Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.Friend.tech is a Social-Fi decentralised\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67785#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67785\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67785#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Friend.tech’s Revenue Growth Exceeds 10,000 ETH Milestone\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone | iFintechWorld","description":"Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.Friend.tech is a Social-Fi decentralised","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=67785","og_locale":"en_US","og_type":"article","og_title":"Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone | iFintechWorld","og_description":"Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.Friend.tech is a Social-Fi decentralised","og_url":"https:\/\/ifintechworld.com\/?p=67785","og_site_name":"iFintechWorld","article_published_time":"2023-10-02T12:50:23+00:00","article_modified_time":"2023-10-02T12:50:25+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/adobestock-aleksandr-marc___media_library_original_1200_800.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=67785#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=67785"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Friend.tech’s Revenue Growth Exceeds 10,000 ETH Milestone","datePublished":"2023-10-02T12:50:23+00:00","dateModified":"2023-10-02T12:50:25+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=67785"},"wordCount":414,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=67785#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=67785","url":"https:\/\/ifintechworld.com\/?p=67785","name":"Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-02T12:50:23+00:00","dateModified":"2023-10-02T12:50:25+00:00","description":"Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.Friend.tech is a Social-Fi decentralised","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=67785#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=67785"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=67785#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Friend.tech’s Revenue Growth Exceeds 10,000 ETH Milestone"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67785"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67785\/revisions"}],"predecessor-version":[{"id":67787,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67785\/revisions\/67787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/67786"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}