Data: Friend.tech treasury has transferred 7,800 ETH in fee revenue to Coinbase

ChainCatcher news, 21co on-chain analyst Tom Wan posted on social media that friend.tech's financial reserves (all earned fees) were migrated from a single owner address (EOA Address) to a multi-signature address last December. They also transferred half of the earned fees, amounting to 7800 ETH (approximately 16.6 million USD), to Coinbase.

In addition, FT's total value locked (TVL) has decreased by 50% compared to its historical peak. At its peak, its TVL was 30k ETH (approximately 50 million USD), while currently it is only 15k ETH (approximately 33 million USD). Only 1.2% of active users on BASE are using FT, and these transactions account for just 1% of daily fees. At peak times, 54% of active addresses were using FT on Base and contributed to 18% of total fees.