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How Ether.fi Quietly Built A Neobank with DeFi
One of top 5 largest protocols in DeFi known for ETH staking has a grander vision

Ether.fi isn’t just one of the largest ETH staking protocols. It’s quietly built one of the fastest-growing neobanks in DeFi.
In a new episode of The Edge Podcast, ether.fi CoFounder Mike Silagadze reveals how the team has attracted 40k+ sign-ups and processed $30M in Cash card spending for by combining a stack of services including liquid staking, automated investing strategies, real-world debit card payments, fiat rails, and soon tokenized stocks, plus Hyperliquid perps trading.
If you want to see hear how ready onchain finance is to disrupt legacy banking, this pod’s a must-listen episode.
Spend milestones ✅
Daily active all time highs ✅
Daily new card users all time highs ✅
gm :)
— ether.fi (@ether_fi)
2:26 PM • Aug 22, 2025
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UR, the world’s first money app built fully onchain, transforms Mantle Network into a purpose-built vertical platform, The Blockchain for Banking, that enables financial services onchain.
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🔗 Guest Links 🔗
► ether.fi Cash sign-up (ref link): ether.fi/refer/defidad
► ether.fi on X: x.com/ether_fi
► Mike Silagadze on X: x.com/MikeSilagadze
Follow @DeFi_Dad on X (Twitter)
Follow @Nomaticcap on X (Twitter)
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Disclosure: DeFi Dad invested in ether.fi’s seed round.
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