Friend.tech Sees Traction, Revenue Zooms With Sniper Bots Contribution Significant
Portfolio Pulse from Khyathi Dalal
Friend.tech, a decentralized social media platform built on Coinbase's Layer 2 protocol, Base, has seen significant growth in revenue and total value locked (TVL) on its platform. The platform's revenue model, which includes the use of sniper bots and efficient algorithms, has been a key driver of this growth. However, the platform has faced criticism for its revenue model, with some suggesting it can be easily manipulated.
October 02, 2023 | 11:26 pm
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POSITIVE IMPACT
Friend.tech, which is built on Coinbase's Layer 2 protocol, Base, has seen significant growth. This could potentially reflect positively on Coinbase.
Friend.tech is built on Coinbase's Layer 2 protocol, Base. The platform's growth could potentially reflect positively on Coinbase, as it demonstrates the capabilities of its protocol.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Friend.tech's revenue and TVL, which are measured in Ethereum, have seen significant growth. This could potentially increase demand for Ethereum, impacting its price.
Friend.tech's revenue and TVL are measured in Ethereum. As these metrics grow, it could potentially increase demand for Ethereum as more of it is locked in the platform. This increased demand could put upward pressure on Ethereum's price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75