TechFlow reports, according to DefiLlama data, friend.tech is leading as the top revenue-generating application on Base and the second-largest application across all cryptocurrencies. At its current pace, its annual revenue is projected to reach $180 million.
To date, the platform has collected nearly $40 million in total fees from users. These fees are generated by levying approximately 10% on social token trading volume. Half of the total fees are distributed as revenue to the project team, while the other half goes to users trading Keys.
Chain data aggregated on Dune shows that apart from the $20 million in project revenue, friend.tech founder "0xRacer" has separately received over $440,000 in income from the platform.
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