ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the Friend Tech project team has generated revenue of approximately $52.4 million through the protocol, with a total of 19,477 ETH transferred to Coinbase.On-chain data shows that the Friend Tech project team transferred a total of 19,477 ETH to Coinbase through protocol revenue during the period from 2023/12 to 2024/6. If they sold the ETH immediately after each transfer to Coinbase, their earnings would be around $52.39 million.

According to ChainCatcher news, analyst Tom Wan from 21 Shares reports that Racer, the founder of Friend tech, has earned 278 ETH in royalties. Of this, 271 ETH has been withdrawn, with 92% of the withdrawals completed after September. The most recent withdrawal occurred on October 13, when Racer withdrew 53 ETH, which was then deposited into Coinbase.Currently, the value of Racer's key is 3.192 ETH.

ChainCatcher message, encrypted developer foobar launched Wrapped friend for friend tech, which can warp shares into an ERC-20 smart contract.Users purchase shares of a group through the Wrapped friend contract, which will mint 100*shareCount ERC-20 Tokens representing the group's shares for the user, and can be traded on Uniswap. When selling group shares, this ERC-20 Token is destroyed, and ETH is returned.