Odaily Planet Daily reports that Lisk researcher Leon Waidmann posted on X platform stating that EtherFi has transitioned from an Ethereum staking protocol to a crypto digital bank offering 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 revenue per user; Wise has 13.4 million users with $83 revenue per user; SoFi has 12.6 million users with $264 revenue per user. EtherFi users hold a total of $9.9 billion, with an average of approximately $470,000 per account. EtherFi operates through smart contracts and on-chain yields, without the need for banking licenses or traditional technology, achieving profitability from its first day of operation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chainlink Expands Adoption With Integrations on Ethereum, Solana, and BNB Chain
12 Chainlink standard integrations landed across 7 services on Ethereum, Solana, BNB Chain, Polygon and Robinhood Chain.
Bank of England chose the network for the 2026 Synchronisation Lab and CME launched LINK futures expanding regulated access.
Chainlink posted a weekly adoption update
CryptoNewsFlash4m ago
Data: Strategy's current unrealized loss is $5.756 billion, and BitMine's unrealized loss is $7.943 billion.
According to ChainCatcher reports, Strategy Company holds 717,131 Bitcoin, with an unrealized loss of $5.756 billion; BitMine Company holds 4,371,497 Ethereum, with an unrealized loss of $7.943 billion.
GateNewsBot7m ago
BitMine increased its ETH holdings by 45,759 last week, bringing the total holdings to 4,371,500 ETH.
BlockBeats News, February 17 — According to an official announcement, BitMine increased its ETH holdings by 45,759 ETH last week, bringing its total holdings to 4,371,500 ETH, which accounts for 3.62% of the total Ethereum supply (120.7 million ETH). Among these, BitMine has staked 3,040,483 ETH. Based on the ETH price at that time of $1,998 per ETH, the total value is approximately $6.1 billion.
GateNewsBot23m ago
Vitalik Buterin: You Can Disagree With Me and Still Use Ethereum
_Ethereum’s permissionless design means no single figure, not even Buterin, controls who builds on it._
_Buterin argues that true free speech protects criticism just as much as it protects the right to build._
_Like Linux, Ethereum can power opposing visions; the answer is building
LiveBTCNews2h ago
