Since its launch in August 2023, the development team behind the decentralized social app Friend.tech has generated over $20 million in revenue. The app has collected more than $40 million in total fees from users, with half of this fee being allocated as revenue to the project's team.
Friend.tech allows users to buy or sell Keys associated with X accounts (Twitter). These Keys provide users with access to private chatrooms and content exclusively available to corresponding X users. Transactions on the platform incur a 10% fee, with half of this revenue going to content creators and the other half to the developer team.
According to DeFi Llama data, the project is now the largest revenue-generating app on Base and the second-largest among all projects.
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