DeFi Platform Pivots to B2B Backend After Revenue Drops 75% in Bear Market

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A decentralized finance platform has abandoned its consumer-facing app to reposition itself as a backend infrastructure provider for large technology companies. The strategic shift came after the platform's revenue plummeted from $80 million to $20 million during the crypto bear market. The company is now focusing on over-the-counter lending as its primary growth driver, with $260 million currently outstanding. This OTC lending segment is its fastest-growing business line, and the platform has set an ambitious target of reaching $1 billion in outstanding loans by the end of the year.

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