Safe: Revenue to exceed $10 million in 2025, but has yet to achieve breakeven
BlockBeats News, February 3, according to The Block, the Safe Ecosystem Foundation released a report stating that its full-year revenue for 2025 will exceed $10 million, while in 2024 it is about $2 million.
Lukas Schor, co-founder of the Safe project and President of the Safe Ecosystem Foundation, wrote: "Safe is one of the few token projects in the industry that demonstrates long-term sustainable adoption and considerable revenue without relying on token subsidies or purely speculative use cases."
The announcement also shows that in 2025, Safe will process $600 billion in transaction volume, accounting for 43% of the protocol's total transaction volume since its inception, with the network having processed a total of 326 million transactions.
The non-profit organization stated that although the project is "not yet profitable," it plans to "break even and double its revenue" in 2026, as part of its longer-term goal to achieve $100 million in annual recurring revenue by 2030.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US ISM Manufacturing Index for August slightly declined, falling short of expectations, but remains near a four-year high.
U.S. manufacturing expanded for the eighth consecutive month in August, with the ISM index falling to 54.6, below expectations of 55.2, but still the second highest since 2022. The new orders index dropped to 53.7, the weakest since March; factory employment increased for the second month in a row, although the growth rate slowed; the prices index remained unchanged at 71.1, matching the lowest level since February. The manufacturing sector reported growth, while the lumber and chemical products industries reported contraction.
Chaince Digital files Form 3 initial beneficial ownership statement for director Li Jialin
Cathie Wood’s ARK Invest buys $40.8M in crypto stocks
Chipotle's Shift to Licensed Growth to Lift Margins Despite Slower Revenue, BofA Says
Crypto prices
More
