Among the top Friend.tech accounts, Coby leads with $144.4k (81.94 ETH) in royalties, followed by the founder, 0xRacerAlt, with $101.7k (58.04 ETH). HsakTrades took third place with $100.6k (57.06 ETH).
A look at FriendTech’s rising stars
In just 12 days since its invite-only beta testing launch, Friend.tech has caused a stir in the crypto and social media landscape. This innovative decentralized app, built on Coinbase’s base layer-2 blockchain, has amassed an impressive number of users, attracting the attention of influencers from crypto, sports and even entertainment.
Let’s delve deeper into the success of the most profitable Friend.tech accounts and the fascinating dynamics it has unfolded since its inception.
Group Leader: Top Friend.tech Accounts
A recent CoinGecko research report highlights the most profitable Friend.tech accounts, revealing a fascinating hierarchy of earnings.
Kobe emerged as the defending champion, earning a remarkable $144.4k (81.94 ETH) in royalties. In second place is Friend.tech founder, 0xRacerAlt, who earned $101.7k (58.04 ETH). HsakaTrades is in third place with an impressive earnings of $100.6k (57.06 ETH).
As we delve deeper into the data, it becomes clear that Friend.tech’s success is not limited to a select few. A range of earners rank among the top Friend.tech accounts, with profits ranging from $14.9k to $75.5k.
The average daily earnings of these individuals range from $1.2k to $6.3k, projecting an astonishing annual range of $453.2k to $2.3 million, assuming current earning levels remain.
early adoption benefits
The leading personalities—Kobi, 0xRacerAlt, and HsakTrades—collectively contribute a significant 34.6% of total royalties within the top 25 Friend.tech accounts. A significant number, 16 out of 25, set up their profile rapidly within the first three days of the platform claiming an account duration of 10-12 days.
Although the initial landscape was dominated by crypto Twitter (CT) accounts, a fascinating shift is taking place. The rise of non-whistle figures such as FaZe Banks, 100T Nadeshot and FaZe Ren has attracted attention from the e-sports industry. In a remarkable feat, these individuals earned $75.5k (44.91 ETH), $27.6k (16.38 ETH) and $19.8k (11.81 ETH) respectively within a single day of joining Friend.tech.
Friend.tech allows users to turn their online personas into tradable assets. By selling “shares” of their own, users turn their followers into shareholders, and establish a direct line of communication while sharing in their success. The approach has piqued the interest of iconic figures such as NBA player Grayson Allen, trading guru RookieXBT, and notable “crypto Twitter” personalities including Frank DeGodes and Genzi222.
ETH Buy/Sell volume Source: Dune Analytics (@cryptokoryo)
Within 12 days, Friend.tech has managed to collect an impressive amount of 43,735 Ether, which is approximately $72.3 million, with an astonishing 1.29 million transactions.
Worth noting that the platform operates under a fee structure, where a 10% fee is levied on a total per transaction. This split has 5% given to Friend.tech and the remaining 5% given to the account holder, fostering a symbiotic relationship that encourages platform growth and the account holder’s success.