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.
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