Bots amass over $2 million in income on Good friend.tech
Newest knowledge about Good friend.tech, a decentralized social media platform, reveals that it contributes over 20% of the common energetic addresses on Base, an Ethereum (ETH) layer-2 platform.
In the meantime, Dune knowledge compiled by Tom Wan reveals that within the final two weeks alone, automated bots have secured over 21,800 keys, incomes $2.1 million in income.
These bots work by buying newly registered profiles cheaply earlier than promoting them at a better value.
One bot particularly, “0xcc218bbd21e14944fcc121d161c9b9ae71b9cc85,” acquired 96 profiles value almost 260 Ethereum (ETH), which might be value roughly $600,000 in income.
Bots have generated over 500,000 transactions.
Since launching on Aug. 10, Good friend.tech, which permits customers to accumulate “shares” of people on X, previously Twitter, has over 100,000 addresses.
Supplementary insights from Dune analytics present that Good friend.tech has generated over 45k ETH ($70 million) in cumulative volumes, from the greater than 2 million transactions since launching.
Up to now 24 hours, DeFiLlama knowledge additionally reveals that the social media platform generated greater than $300,000 in charges, handing over a income of $161,000.
Earlier within the week, Coinbase CEO, Brian Armstrong, famous that Good friend.tech can play an vital position within the development and adoption of Base.
Dune Analytics knowledge confirms that 20% of energetic addresses on Base interact with Good friend.tech.
Just lately, Jeremy Allaire, the CEO of Circle, the issuer of USDC, stated Good friend.tech’s development is a compelling use case of BusinessSocialFi.
The social media platform permits customers to tokenize their social connections, granting them entry to options like personal messaging and interplay rights.
Sadly, Good friend.tech’s elevated reputation is attracting hackers.
On Aug. 21 there have been reviews of a supposed hack. Nonetheless, the platform clarified that knowledge retrieved was because of scraping, not a safety breach.
