Decentralized social media platform Friend.tech, based on Coinbase’s layer-2 protocol, Base, has touched new heights in terms of revenue growth and total value locked on its platform.
According to data from Dune Analytics, Friend.tech’s revenue has surged to 10,663 Ether (ETH), and its total value locked (TVL) grew to over 30,000 ETH on Oct. 2. The recent boom in its revenue and trading activity comes amid a decline in hype from its early days of launch.