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Why a DeFi platform ditched its consumer app to become the secret backend for tech giants

Revenue fell from $80 million to $20 million in the bear market. OTC lending at $260 million outstanding is the fastest-growing line, targeting $1 billion by year-end.

48 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Why a DeFi platform ditched its consumer app to become the secret backend for tech giants
Revenue fell from $80 million to $20 million in the bear market. OTC lending at $260 million outstanding is the fastest-growing line, targeting $1 billion by year-end.

Why this matters

This maps to the DeFi hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

Original source

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