ConsenSys, a firm specialising in solutions for the Ethereum ecosystem, expects to reach a $3 billion market valuation following another funding round. This is reported by Financial Times, citing its own sources.
In February 2020, the firm carried out a strategic transformation of its business, splitting software development and venture capital units. As a result, the company’s staff was reduced by 14%.
In October 2020 ConsenSys added to the Ethereum wallet MetaMask a DEX-aggregator function, which allowed token swaps directly in the app.
According to Dune Analytics, over the year the company earned more than $156 million in swap fees.
Earlier in August, ConsenSys noted that the wallet’s monthly active users (MAU) over six months grew fivefold, reaching 5 million. This was driven by booms in the DeFi and NFT sectors, as well as the MetaMask Swaps feature, the firm said.
In August the company reported that MAU of the app reached 10 million users. Over the year the figure rose by more than 1,800%.
In April, ConsenSys raised $65 million in a round with JPMorgan, Mastercard, Alameda Research and others.
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