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
VS1 Finance Goes Live on Ethereum, Promises Rewards for Active Users
VS1 Finance has launched its $VS1 token on the Ethereum blockchain, rewarding active participants based on their wallet behavior and on-chain interactions. Unlike traditional token airdrops, this model emphasizes sustained engagement and offers increased allocations for early users, aligning with the growing trend of token rewards in the Ethereum ecosystem.
BlockChainReporter13m ago
Base58 Labs’ BASIS 2026 Blueprint Forges a New Standard for BTC, ETH, SOL & PAXG
[PRESS RELEASE – London, UK, March 17th, 2026]
New roadmap positions BASIS as an institutional-grade digital asset management platform built for macro volatility, tokenized safe-haven demand, and frictionless Web3 onboarding.
Base58 Labs today unveiled the BASIS 2026 Technical Blueprint &
CryptoPotato55m ago
Gnosis and Zisk Unveil ‘Easy’ Solution to Ethereum’s Growing L2 Fragmentation
_EEZ connects Ethereum rollups into one system, enabling seamless transactions while keeping value and security anchored to ETH._
Ethereum’s scaling strategy has improved efficiency but split activity across multiple networks. Gnosis and Zisk now propose the Ethereum Economic Zone (EEZ) to bring th
LiveBTCNews3h ago
The Good and Bad News for Ethereum (ETH) After Dumping Below $2K
ETH joined the market-wide correction over the past few days, dropping from $2,200 to a three-week low of $1,970 before it recovered slightly to the current $2,000.
This is the asset’s most crucial level for the time being, and it’s close to breaking below it. As such, analysts have rushed to
CryptoPotato4h ago
Ethereum builders propose ‘economic zone’ to tackle L2 fragmentation
Developers from Gnosis and Zisk, with backing from the Ethereum Foundation, have proposed a new framework aimed at unifying Ethereum’s fragmented layer-2 ecosystem by enabling rollups to interact seamlessly with each other and the mainnet in a single transaction.
According to an announcement
Cointelegraph4h ago
