
Come for the points, stay for the frens
This week’s research piece focuses on friend.tech, an up-and-coming web3 social media application. friend.tech also has a designated dashboard on Token Terminal. Let’s dig in!
24h:
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7d:
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30d:
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180d:
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ATH:
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ATL:
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Market cap (circulating)
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Revenue (30d)
$13.32m
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Market cap (fully diluted)
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Revenue (annualized)
$162.05m
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Total value locked
$51.69m
+694.31%
P/F ratio (circulating)
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P/S ratio (circulating)
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Fees (30d)
$26.64m
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Treasury
$18.73m
+333.11%
Fees (annualized)
$324.10m
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Active users (daily) (30d average)
13.97k
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Core developers (30d average)
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Code commits (30d sum)
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About
friend.tech is a crypto native social media application built on Base. friend.tech was founded by pseudonymous developers known as Racer and Shrimp and launched in 2023.
Users are able to buy “keys” of other users X (Twitter) accounts. By owning a “key” the user gets access to a private chat with the person whose “key” one owns. When a “key” of a users account is traded the user earns a commission (supply-side fees).
friend.tech team and investors own the protocol. They currently take a cut of the total trading volume (revenue). friend.tech’s investors include Paradigm.
This week’s research piece focuses on friend.tech, an up-and-coming web3 social media application. friend.tech also has a designated dashboard on Token Terminal. Let’s dig in!
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