DeFi Tech Revenue Falls Amid Crypto Market Weakness
DeFi Technologies reported a decline in second-quarter revenue to CAD 7.8 million, down from CAD 11.2 million in the previous quarter. The company attributed this drop to weaker cryptocurrency prices, which reduced assets under management and compressed yields.
Despite the decline in revenue, DeFi Technologies still experienced net inflows of CAD 22.8 million, indicating continued client demand despite a weak crypto market.
The company's Stillman Digital trading business stood out as a bright spot, reporting H1 2026 revenue growth of 30.2% and accounting for about 30% of total platform revenue.