Friend.tech, a social application built on the Base Layer 2 network, has experienced rapid revenue growth in recent months. Since its creation on August 10, the platform has generated over $18.4 million in revenue, with $10,684 of that coming in ETH in under two months.
Charts from Dune Analytics show a clear upward trend in revenue for Friend.tech since it started recording activities in August. By September 9, the platform had surpassed the $5 million revenue mark, and by October, it had exceeded $18.4 million.
One interesting aspect of Friend.tech’s revenue is the role played by sniper bots. These bots have accumulated over $5.9 million in revenue, accounting for about 34% of the total creator revenue. They have sniped on approximately 33.44K subjects, earning about $5.935 million in revenue during the period analyzed. Some individual sniper bots have been particularly profitable, with one earning $596.4K by sniping on 232 transactions, another earning $315K by sniping on over 971 different subjects, and a third earning over $223K by sniping on 27 subjects.
While revenue growth is a significant metric for Friend.tech, the platform has also seen impressive numbers in other areas. Its total value locked (TVL) currently stands at $52.31 million, and it boasts over 305,892 users. The protocol has recorded an inflow of about 213 million ETH, amounting to $349.7 million. The number of daily transactions varies, with a peak of 539.8k transactions recorded on September 13, and a cumulative number of 9.17 million transactions at the time of the Analysis.
Overall, Friend.tech’s revenue growth and user adoption demonstrate its success as a social application built on the Base Layer 2 network. The platform’s sniper bots have played a significant role in driving revenue, with some individual bots earning substantial profits. Friend.tech’s performance in other metrics such as TVL and the number of users further highlight its thriving position in the industry..
#Friend.techs #Earnings #Hit #Million #Months
Charts from Dune Analytics show a clear upward trend in revenue for Friend.tech since it started recording activities in August. By September 9, the platform had surpassed the $5 million revenue mark, and by October, it had exceeded $18.4 million.
One interesting aspect of Friend.tech’s revenue is the role played by sniper bots. These bots have accumulated over $5.9 million in revenue, accounting for about 34% of the total creator revenue. They have sniped on approximately 33.44K subjects, earning about $5.935 million in revenue during the period analyzed. Some individual sniper bots have been particularly profitable, with one earning $596.4K by sniping on 232 transactions, another earning $315K by sniping on over 971 different subjects, and a third earning over $223K by sniping on 27 subjects.
While revenue growth is a significant metric for Friend.tech, the platform has also seen impressive numbers in other areas. Its total value locked (TVL) currently stands at $52.31 million, and it boasts over 305,892 users. The protocol has recorded an inflow of about 213 million ETH, amounting to $349.7 million. The number of daily transactions varies, with a peak of 539.8k transactions recorded on September 13, and a cumulative number of 9.17 million transactions at the time of the Analysis.
Overall, Friend.tech’s revenue growth and user adoption demonstrate its success as a social application built on the Base Layer 2 network. The platform’s sniper bots have played a significant role in driving revenue, with some individual bots earning substantial profits. Friend.tech’s performance in other metrics such as TVL and the number of users further highlight its thriving position in the industry..
#Friend.techs #Earnings #Hit #Million #Months
