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

CoinDesk· Francisco Rodrigues· Aug 2, 2026 · 5:00 PM
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.

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