I'm currently building a free analytics service that's the fastest. Ever. Faster than Fathom, Simple Analaytics, pretty much everything except Google Analytics you can think of.
Still building it, but you can sign up for when it launches here: https://forms.gle/MhojBWWfdiWjZatC7 (I know it's ironically on google forms and I'll move away soon)
If you're getting over a million hits I might add some incentive to donate, but mainly I take this as my payback to the developer community. I'm launching another product in a different domain at the moment and hoping that can compensate.
At the end of the day, if anything goes wrong, I'll always be happy to open source the whole thing.
How do you intend to make money from this free service?