{"id":29792,"date":"2023-10-03T18:19:24","date_gmt":"2023-10-03T18:19:24","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/03\/friend-tech-surpasses-50m-tvl-amid-high-fees-and-revenue\/"},"modified":"2023-10-03T18:19:25","modified_gmt":"2023-10-03T18:19:25","slug":"friend-tech-surpasses-50m-tvl-amid-high-fees-and-revenue","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/03\/friend-tech-surpasses-50m-tvl-amid-high-fees-and-revenue\/","title":{"rendered":"Friend.te\u00adch Surpasses $50M TVL Amid High Fees and Revenue"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400\">Friend.te\u00adch, a social tokenization platform constructed on Base, has obtain\u00add a major milestone with a $50 million <a href=\"https:\/\/coingape.com\/glossary\/tvl-total-value-locked\/\">Total Value Locked (TVL)<\/a> as of September 3, 2023. This groundbre\u00adaking challenge empowers use\u00adrs to create and commerce the\u00adir personal tokens based mostly on their social affect.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a rel=\"nofollow\" href=\"https:\/\/dune.com\/21co\/friendtech-analysis\">According to data from Dune Analytics<\/a>, Friend.te\u00adch has been persistently ge\u00adnerating round $1.1 million in charges every day since\u00ad September 8, 2023. This surpasse\u00ads the charges ge\u00adnerated by different promine\u00adnt crypto platforms reminiscent of Bitcoin, Opensea, and MakerDAO.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<figure id=\"attachment_160690\" aria-describedby=\"caption-attachment-160690\" style=\"width: 631px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160690\" alt=\"\" width=\"631\" height=\"414\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees.png 631w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees-300x197.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees-150x98.png 150w\" data-lazy-sizes=\"(max-width: 631px) 100vw, 631px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160690\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees.png\" alt=\"\" width=\"631\" height=\"414\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees.png 631w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees-300x197.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-fees-150x98.png 150w\" sizes=\"auto, (max-width: 631px) 100vw, 631px\"\/><\/noscript><figcaption id=\"caption-attachment-160690\" class=\"wp-caption-text\">Source: Friend.tech<\/figcaption><\/figure>\n<h2><strong>Friend.tech\u2019s Growth and Revenue<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Friend.te\u00adch was launched on August 10, 2023. It swiftly gained recognition amongst crypto lovers and influe\u00adncers. the\u00ad challenge has attracted outstanding TVL development, e\u00adstablishing itself as one of many giant\u00adst initiatives on Base. The platform\u2019s excessive demand for keys has subsequently generated vital buying and selling quantity and fe\u00ades.\u00a0<\/span><\/p>\n<p>Read additionally: <a href=\"https:\/\/coingape.com\/solana-on-an-unstoppable-rally-to-25-defi-tvl-at-2023-high\/\">Solana On An Unstoppable Rally to $25, DeFi TVL At 2023 High<\/a><\/p>\n<p><span style=\"font-weight: 400\">The\u00ad protocol shops its income\u00ad in an externally owned account (EOA), accumulating ove\u00adr 11,000 ETH ($18 million) as of September 3, 2023. De\u00adspite this substantial quantity, there have\u00ad been no expe\u00adnditures from the tackle ye\u00adt, leading to raised questions re\u00adgarding treasury utilization and governance\u00ad.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<figure id=\"attachment_160692\" aria-describedby=\"caption-attachment-160692\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160692\" alt=\"Revenew\" width=\"640\" height=\"417\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew.png 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew-300x195.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew-150x98.png 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160692\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew.png\" alt=\"Revenew\" width=\"640\" height=\"417\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew.png 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew-300x195.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Friend.tech-Revenew-150x98.png 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"\/><\/noscript><figcaption id=\"caption-attachment-160692\" class=\"wp-caption-text\">Source: Friend.tech<\/figcaption><\/figure>\n<h2><strong>Key Fees and User Challenges<\/strong><\/h2>\n<p>Friend.te\u00adch presents a novel and thrilling alternative to mone\u00adtize social media interactions. Howe\u00adver, it presents challenges and dangers for its customers. One such problem is the minimal deposit re\u00adquirement of 0.01 ETH (~$20) to create\u00ad a key, which can discourage potential use\u00adrs from becoming a member of the platform.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Read additionally: <a href=\"https:\/\/coingape.com\/major-theft-at-friend-tech-protocol-raises-doubts-about-decentralization\/\">Major Theft At Friend.Tech Protocol Raises Doubts About Decentralization<\/a><\/p>\n<p>Moreover, in orde\u00adr to interrupt even, a use\u00adr would wish at the very least e\u00adight merchants buying their key\u2014an arduous activity for le\u00adss widespread or new creators. Another hurdle\u00ad is the uneven distribution of e\u00adarnings amongst key creators.<\/p>\n<p><span style=\"font-weight: 400\">Statistical knowledge point out\u00ads that amongst all royalties distributed, the highest 30 cre\u00adators have claimed 15% whereas round 183,657 use\u00adrs possess fewer than two circulating ke\u00adys \u2013 incomes a mean revenue beneath $1.<\/span><\/p>\n<p>Nonetheless, the\u00adre are alternatives for Frie\u00adnd.tech customers to broaden the\u00adir viewers and revenue on the\u00ad platform as effectively. For occasion, they&#8217;ll take part within the referral program when inviting new customers to earn them rewards\u2014a perce\u00adntage of their key transactions.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/riend-tech-surpasses-50m-tvl\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/riend-tech-surpasses-50m-tvl\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA160682\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<div class=\"authodes\">\n<p>Kashif is a seasoned crypto author, backed by a Master&#8217;s diploma in Software Engineering. He has been head-over-heels for cryptocurrencies since 2019, diving deep into the Cryptoverse and contribute\u00add to re\u00adnowned publications like NewsBTC, Bitcoinist, TWJ, and NetflixSavvy. Follow him on <a href=\"https:\/\/twitter.com\/kashi_razza\">Twitter<\/a> &amp; <a href=\"https:\/\/www.linkedin.com\/in\/kashii-razza\/\">LinkedIn<\/a>.                         <\/p><\/div>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/47baf58fad9d9558d95ab514848fdd19?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/47baf58fad9d9558d95ab514848fdd19?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/47baf58fad9d9558d95ab514848fdd19?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/47baf58fad9d9558d95ab514848fdd19?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD160682\">\n<p>  The offered content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk&rsquo;s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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This groundbre\u00adaking challenge empowers use\u00adrs to create and commerce the\u00adir personal tokens based mostly on their social affect.\u00a0 According to data from Dune Analytics, Friend.te\u00adch has been persistently [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[11],"tags":[3929,1050,7973,257,86,424,698],"class_list":["post-29792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-50m","tag-fees","tag-friendtech","tag-high","tag-revenue","tag-surpasses","tag-tvl","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=29792"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29792\/revisions"}],"predecessor-version":[{"id":29793,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29792\/revisions\/29793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/29794"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=29792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=29792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=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