{"id":166453,"date":"2023-10-02T10:12:38","date_gmt":"2023-10-02T04:42:38","guid":{"rendered":"https:\/\/dripp.zone\/news\/defi-platform-friend-tech-clocks-10648-eth-in-total-revenue-crypto-news\/"},"modified":"2023-10-02T10:12:40","modified_gmt":"2023-10-02T04:42:40","slug":"defi-platform-friend-tech-clocks-10648-eth-in-total-revenue-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/defi-platform-friend-tech-clocks-10648-eth-in-total-revenue-crypto-news\/","title":{"rendered":"DeFi Platform Friend.Tech Clocks 10,648 ETH In Total Revenue – Crypto News"},"content":{"rendered":"

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The Friend.Tech protocol<\/a>, built upon Coinbase\u2019s Layer-2 platform Base, is once again making a buzz in the market, thereby riding on some major enthusiasm in the decentralized finance (DeFi) market.<\/p>\n

As per the latest data<\/a> from Dune Analytics, the Friend.tech protocol revenue has surged past 10,000 ETH. Also, as per the exact figures, the DeFi protocol has clocked a total revenue of 10,648 ETH.<\/p>\n

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Another major milestone is the surge in the total value locked on the DeFi protocol. The TVL on Friend.tech has exceeded 30,000 ETH, reaching 30,165 ETH. This underscores the growing trust and commitment of all the stakeholders of the protocol.<\/p>\n

Apart from conventional metrics, Friend Tech\u2019s sniper bots are emerging as the unsung heroes. These bots, numbering over 450, have generated profits exceeding $5.9 million, constituting a remarkable 34% of the total creator\u2019s revenue. Their success underscores the efficiency of Friend Tech\u2019s algorithms and the potential of automated trading solutions in the DeFi space.<\/p>\n

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Firend tech protocol revenue has exceeded 10,000 ETH, reaching 10,644.8 ETH; at the same time, friend tech TVL has exceeded 30,000 ETH, reaching 30,165 ETH. More than 450 friend tech sniper bots have earned over $5.9 million, accounting for 34% of creators\u2019 revenue.\u2026<\/p>\n

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\u2014 Wu Blockchain (@WuBlockchain) October 2, 2023<\/a><\/p>\n<\/blockquote>\n

As Friend Tech continues its meteoric ascent, these milestones serve as indicators of a larger picture. The combination of robust revenue figures, an impressive TVL, and the triumph of sniper bots sets the stage for what could potentially be the next major development in the decentralized finance domain<\/p>\n

Friend.Tech Creates Major Buzz<\/h3>\n

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Based on Coinbase\u2019s Layer-2 platform Base, the decentralized social platform Friend.tech created a major buzz upon its launch in August 2023. Within a few hours of its launch, the protocol surpassed key players like Uniswap<\/a> in terms of total fees.<\/p>\n

Friend.tech operates as a decentralized social network where users have the opportunity to trade \u201ckeys,\u201d previously referred to as \u201cshares,\u201d<\/a> associated with Twitter (now X) accounts. These keys grant access to private in-app chatrooms and exclusive content provided by the respective X user. The platform positions itself as \u201cthe marketplace for your friends\u201d.<\/p>\n

Within the app, each user possesses a chat group similar to those commonly encountered on platforms such as Telegram. However, there\u2019s a unique twist: to gain access to other users\u2019 private chatrooms, individuals are required to purchase keys. Subsequently, if they opt to exit the chat, they have the option to sell these keys.<\/p>\n

In essence, Friend.tech can be likened to a social media platform, with specific similarities to X.<\/p>\n

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\u2713 Share:<\/p>\n

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