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The social media app friend.tech, known for its token-gated chat rooms, is experiencing a resurgence in popularity. After a period of low activity following the initial hype, friend.tech is now generating nearly $1 million in daily revenue, marking an all-time high. This revenue is generated through a 5% fee charged on all trades of friend.tech keys, with an additional 5% cut for room hosts. Industry experts believe that friend.tech's success can be attributed to its integration of Twitter's social graph, simplification of the crypto wallet experience, and deployment as a progressive web app. While some may view the app as speculative, it offers unique value through its token-gated chat rooms, which incentivize content creation. Notably, friend.tech has attracted developers who are building various tools for the application, further enhancing its appeal. However, it is important to note that the app's future remains uncertain, though it has gained significant traction in the crypto space, second only to Ethereum in terms of fees generated.