17 million annualized income + 16 times year-on-year growth! Why can Huma's 'real earnings' be sustained?

In August this year, Huma reported an annualized income of 17 million, with a year-on-year increase of 16 times. The key is that this income is not derived from 'buy low sell high' cryptocurrency trading, but from tangible PayFi business profits, which have far greater sustainability than many DeFi projects.

Its income sources mainly come from two aspects:

1. Lending interest: Users borrow money against future income and will pay interest at an agreed rate. The interest rate is dynamically adjusted based on income stability; for low-risk users, the interest rate is reasonable, and for slightly higher-risk users, the interest rates will not be exaggerated to an unbearable level.

2. Transaction fees: Huma's PayFi network integrates payment functions, and users incur small transaction fees during cross-border transfers and invoice settlements, which accumulate over time to become an important source of income.

More importantly, its user base continues to expand. From the niche users at its launch to now covering young people, small and medium enterprises, and cross-border workers, the growth on the demand side directly drives revenue growth. Moreover, the 16 times year-on-year growth is not a 'flash in the pan'; in the past month, PayFi assets have increased by 50%, indicating that the business is in a virtuous cycle. As long as the subsequent users and scenarios continue to expand, the real earnings are likely to maintain growth.

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