BASE

Friend.Tech Revenue Surpasses 10,000 ETH Milestone

by BSC News

October 2, 2023

chain

A noteworthy contributor to Friend.Tech's success story has been its sniper bots, which collectively generated over $5.9 million in revenue, accounting for a substantial 34% of the creators' earnings.

Friend.Tech's Notable Achievement

Friend.Tech recently achieved a remarkable milestone by surpassing 10,000 ETH in revenue, currently standing at 10,692.125 ETH, according to data from Dune Analytics.

A noteworthy aspect of Friend.Tech's recent milestone is its sniper bots. These automated trading bots have collectively earned a staggering $5.9 million, constituting 34% of the creators' revenue. 

In addition to its revenue figures, Friend.Tech has also witnessed a surge in its Total Value Locked (TVL). The TVL has climbed to over 30,000 ETH, precisely reaching 30,240 ETH

Launched in August 2023 on Coinbase's Layer-2 platform Base, Friend.Tech made an immediate impact on the DeFi market. Within a few hours of its launch, the platform surpassed established players like Uniswap in total fees generated, demonstrating its rapid acceptance and influence.

Despite its success, Friend.Tech has encountered its share of challenges. In Sept. 16, the platform faced a setback when NFT music market founder 3LAU decided to withdraw from the platform. A significant drop in the value of 3LAU's KEY tokens on Friend.Tech, from 0.36 ETH to 0.03 ETH, contributed to this decision.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article