'CoinStats Raises $3.2 Million to Bring DeFi use cases to 1.2 Million Active Users' web3 blockchain
, a leading crypto portfolio management platform, has secured $3.2 million from top investors to offer DeFi use cases to its 1.2 million active users. Investors in the round included Mike Dudas' 6th Man Ventures in addition to Alex Pack's Hack VC. CoinStats' new killer features, which seek to expand DeFi's user base by millions, will be able to utilise the cash to develop and promote.
An 8-fold increase in the number of monthly active users in 2021 helped CoinStats grow its user base to 1.2 million monthly active users and monitor $500 billion worth of assets . An increase in revenue of six times in 2021 set CoinStats up for a whole new business line to be launched in 2022. Using the platform's strength and user acquisition success, DeFi functionalities will be implemented into the platform.
Anyone may join the DeFi protocols and immediately deposit money into them using CoinStats. In this way, CoinStats becomes a DeFi aggregator, leading the app's millions of users to the protocols identified on the app as the most lucrative and secure DeFi investment options available right now. In spite of the fact that high net worth people have invested billions in DeFi, the market remains relatively limited due to various regulatory and technical reasons.
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