Data: EtherFi's per-user revenue reaches $256, far surpassing payment platforms such as Revolut, Wise, and SoFi
According to Odaily, Lisk researcher Leon Waidmann posted on X that EtherFi has transformed from an Ethereum staking protocol into a crypto digital bank that includes staking, DeFi yields, and a Visa card. Currently, EtherFi has only 21,000 total users, but the platform revenue generated per user reaches $256. In comparison, one exchange has 93.5 million users with a per-user revenue of $60; another exchange has 13.4 million users with a per-user revenue of $83; SoFi has 12.6 million users with a per-user revenue of $264. The total EtherFi user balance amounts to $9.9 billions, with an average of about $470,000 in assets per account. EtherFi operates through smart contracts and on-chain yields, requiring neither a banking license nor traditional technology, and has been profitable since its first day of operation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta lost the lawsuit and may face a record fine of up to 219 billions dollars.
Meta lost a lawsuit in New Mexico, USA. The jury found that Meta engaged in deceptive practices regarding public communications and data privacy policies, violating state laws. The New Mexico Attorney General described the verdict as a "milestone moment" in holding tech giants accountable and will petition the court to impose a maximum civil fine of $219 billion on Meta. Meta stated that it disagrees with the verdict and will continue to defend itself.
Chinese Yuan: Consolidation with downside risk toward 6.7330 – UOB
New York Late Money Rates from The Wall Street Journal
Crypto prices
More
