Odaily Planet Daily Report: Lisk researcher Leon Waidmann posted on the X platform that EtherFi has transitioned from an Ethereum staking protocol to a crypto digital bank that includes staking, DeFi yields, and Visa cards. Currently, EtherFi has only 21,000 total users, but the platform generates $256 in revenue per user. In comparison, Revolut has 93.5 million users with $60 in revenue per user; Wise has 13.4 million users with $83 per user; SoFi has 12.6 million users with $264 per user. EtherFi users hold a total of $9.9 billion, with an average of about $470,000 in assets per account. EtherFi operates on smart contracts and on-chain yields, achieving profitability from day one without a banking license or traditional technology.
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Odaily Planet Daily Report: Lisk researcher Leon Waidmann posted on the X platform that EtherFi has transitioned from an Ethereum staking protocol to a crypto digital bank that includes staking, DeFi yields, and Visa cards. Currently, EtherFi has only 21,000 total users, but the platform generates $256 in revenue per user. In comparison, Revolut has 93.5 million users with $60 in revenue per user; Wise has 13.4 million users with $83 per user; SoFi has 12.6 million users with $264 per user. EtherFi users hold a total of $9.9 billion, with an average of about $470,000 in assets per account. EtherFi operates on smart contracts and on-chain yields, achieving profitability from day one without a banking license or traditional technology.