Base Network's Friend.tech App Leads in Activity, Surpassing Arbitrum and Optimism

cryptonews.com:

Base-based, Twitter-linked Friend.tech app has seen revenue, fees, and activity jump significantly since Friday - surpassing a number of large projects, Layers 2, and Layers 1. 

Looking at the revenues at 9:20 on Tuesday morning (CET), over the past 24 hours, Friend.tech took the 3rd place with $840,889, according to DeFiLlama. This is behind Tron and Ethereum, respectively, and in front of MakerDAO, Convex Finance, and Lido.

In the past seven days, it has seen $2.31m in revenues, surpassing Synthetix, MetaMask, PancakeSwap, and others. In comparison, Arbitrum had $310,739 in the same period, while Optimism had $297,080.

Even though it launched just thirteen days ago, Friend.tech is holding its own among much older projects. Over the past 30 days (or the case of this project, since its launch), the cumulative revenue went up to $2.95 million, placing it in 13th place, between MetaMask and Base. 

Moving on to the fees, in the last day, Friend.tech recorded $1.68 million, just behind Ethereum's $3.45 million. It is followed by Lido and Tron, with over $1 million each, as well as Uniswap with $887,998 in the fifth spot.

Over the past week, Friend.tech has seen $4.61 million in fees, sitting in fifth place. Before it stand Ethereum ($38.63 million), Lido ($12.45 million), Uniswap ($8.96 million), and Tron (7.31 million). 

Bitcoin is in sixth place with $3.49 million, followed by large projects such as PancakeSwap, MakerDAO, BSC, AAVE, Arbtirum, Optimism, Compound Finance, Curve Finance, Polygon, and others.

Cumulative 30-day fees for Friend.tech are $5.9 million, which places it in the 10th place, behind Ethereum, Bitcoin, Aaave, Uniswap, Tron, etc. It has again surpassed projects such as Optimism, Arbitrum, and Base itself.  

Furth