Since its launch in August, friend.tech developers have earned nearly $20 million

ChainCatcher news, according to DefiLlama data, friend.tech is leading as the largest revenue-generating application on Base and the second largest application in all cryptocurrencies. At the current pace, its annual revenue is expected to reach $180 million.

So far, the platform has charged users nearly $40 million in total fees. These fees are generated by taxing about 10% of the social token trading volume. Half of the total fees are distributed as revenue to the project team, while the other half is allocated to users trading Keys.

According to on-chain data aggregated on Dune, in addition to $20 million in revenue, friend.tech founder "0xRacer" has also earned over $440,000 from the platform alone.