Source: AdobeStock / REDPIXEL
The development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.
According to data from DeFiLlama, friend.tech currently holds the position of the largest revenue-generating application on Base and the second-largest across the entire crypto space.
At its current pace, the platform is projected to generate an annualized revenue of $180 million.
The platform has generated approximately $40 million in user fees to date.
These fees are derived from taxing around 10% of the trading volume of social tokens.
Half of the total fee collected is allocated as revenue for the project's team, while the other half is distributed among users whose keys are traded.
#ADA #Layer2 #BTC #ETH
The development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.
According to data from DeFiLlama, friend.tech currently holds the position of the largest revenue-generating application on Base and the second-largest across the entire crypto space.
At its current pace, the platform is projected to generate an annualized revenue of $180 million.
The platform has generated approximately $40 million in user fees to date.
These fees are derived from taxing around 10% of the trading volume of social tokens.
Half of the total fee collected is allocated as revenue for the project's team, while the other half is distributed among users whose keys are traded.
#ADA #Layer2 #BTC #ETH
