News on October 7, according to DefiLlama data, friend.tech leads the way as the largest revenue-generating application on Base and the second largest application among all cryptocurrencies. At its current pace, it’s on track to hit $180 million in annual revenue.
To date, the platform has charged users nearly $40 million in total fees. These fees are generated through a tax on approximately 10% of social token trading volume. Half of the total fee is distributed to the project team as revenue, and the other half is distributed to users who trade Keys.
According to on-chain data compiled on Dune, in addition to US$20 million in income, friend.tech founder “0xRacer” also earned more than US$440,000 from the platform alone.
