Latest news with #Addressable
News18
6 days ago
- Business
- News18
India's Top 1% Hold 60% of Assets; Wealthiest Indians Prefer Gold And Real Estate: Bernstein
Just $2.7 trillion out of the $11.6 trillion wealth held by India's richest is parked in actively manageable financial instruments, such as MF, equities, insurance, as per report. A vast majority of India's richest citizens continue to concentrate their wealth in physical assets such as real estate and gold, according to the latest report by global investment research firm Bernstein, as cited by news agency ANI. The report sheds light on the composition of wealth among what it calls the 'Uber Rich', a group that includes Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI), and the Affluent class. Despite representing only 1 per cent of Indian households, these high-income groups control nearly 60 per cent of the country's total assets and 70 per cent of all financial assets. This elite segment holds a combined wealth of $11.6 trillion out of India's total estimated household wealth of $19.6 trillion. The Bernstein report notes that just $2.7 trillion of the wealth held by India's richest is parked in actively manageable financial instruments, such as mutual funds, equities, insurance, and deposits. This subset, referred to as the Serviceable Addressable Market (SAM), is what wealth managers typically cater to. The remaining $8.9 trillion is tied up in non-serviceable assets, including physical real estate, gold, unlisted promoter equity, and cash holdings. This lopsided asset distribution underscores the limited penetration of structured wealth management services in the country. The findings suggest a massive untapped opportunity for wealth managers and investment advisors in India, especially as the affluent class begins to look beyond traditional investments. Bernstein observes that a significant portion of financial wealth is still unmanaged, even among the richest households. According to the report, The top 1 per cent earns 40 per cent of all income, while the 'Rest of India' holds only a small fraction of both income and assets. This widening gap highlights how wealth inequality in India far outpaces income inequality. The Numbers Behind the Ultra Rich Bernstein estimates that India has around 35,000 UHNI households, each with a net worth exceeding $12 million. On average, these households hold $54 million in assets, of which $24 million are financial. Collectively, the Uber Rich command $4.5 trillion in financial assets, accounting for 70 per cent of the nation's total financial wealth. As India's economy expands and formal financial markets deepen, the potential for unlocking this concentrated, under-managed wealth pool could redefine the future of investment advisory services in the country. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
30-06-2025
- Business
- Yahoo
More Than 40 Million People Already Use Crypto Wallets Like Bank Accounts—Here's What They Know That You Don't
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. New data reveals three seismic shifts transforming how millions manage money—and early adopters are already capitalizing The crypto wallet you think you know is dead. In its place, a financial revolution is quietly unfolding—one that's already processing over $9 billion in weekly transactions and could fundamentally change how you bank, invest, and interact with money. According to explosive new data from Dune Analytics and crypto wallets are morphing from simple storage tools into comprehensive financial superapps. With more than 40 million people already using these wallets globally, the implications for everyday investors are staggering. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The Numbers That Matter: Coinbase's (NASDAQ:COIN) Smart Wallet exploded from 15,000 weekly active users in January to over 40,000 by April—a 167% surge that signals a fundamental shift in how people interact with digital assets. But here's what makes this trend truly significant: these aren't just storage containers for crypto. Smart wallets are unlocking capabilities that traditional banking can't match: Password-free access using advanced account abstraction technology Fee-less transactions where someone else covers your costs Instant wallet recovery if you lose access—no more lost fortunes 'Smart wallets are transitioning from being a technical novelty to becoming an infrastructure backbone for Web3 onboarding,' the report notes. Translation: this technology is moving from crypto enthusiasts to mainstream consumers. The Investment Angle: Base network, which powers much of this smart wallet activity, now accounts for 65% of smart account deployments and 87% of all advanced wallet operations. For investors, this suggests Layer 2 solutions like Base aren't just technical improvements—they're becoming the foundation of next-generation finance. Trending: New to crypto? on Coinbase. Remember when your wallet just held cash and cards? Crypto wallets are following the Asian 'superapp' model—think WeChat or Grab—where one platform handles your entire financial life. The $9 Billion Reality Check: Binance Wallet processes 33 million token swaps weekly with nearly $9 billion in volume Phantom wallet hit 10 million weekly swaps, representing 20% of Solana's entire network activity These aren't just numbers—they represent real people conducting real financial transactions What This Means for Your Money: Modern crypto wallets now offer integrated access to: Token swapping: Exchange cryptocurrencies instantly without centralized exchanges Staking rewards: Earn passive income by supporting network operations Cross-chain bridging: Move assets between different blockchains seamlessly DeFi access: Lend, borrow, and invest without traditional banks Gaming integration: Store and trade digital assets from blockchain games The Practical Impact: If you're still using separate apps for banking, investing, and digital payments, you're about to see that entire ecosystem consolidated into a single, more powerful interface. Here's where the story gets interesting for investors: the money isn't flowing where you might expect. The Emerging Market Surge: Countries like Nigeria, India, Indonesia and Vietnam are leading adoption by user volume. These markets aren't just participating—they're driving global crypto adoption. The Capital Concentration Reality: Despite massive user growth in emerging markets, the serious money remains concentrated in developed markets like the U.S., South Korea, and Europe. The Asian Custodial Dominance: In Asia, custodial wallets like OKX and Bitget dominate through ease-of-use and local brand trust. OKX controls substantial wallet capital in South Korea and China, suggesting different regions prefer different approaches to crypto custody. Investment Insight: This geographic split creates a fascinating dynamic. Wallet providers must balance high-volume user acquisition in emerging markets with high-capital management in developed regions. For investors, this suggests opportunities in companies that can successfully navigate both Infrastructure Play: With fewer than 10 companies dominating wallet market share, this isn't a crowded field—it's a winner-take-all battle for the financial infrastructure of the future. The Timing Factor: Technologies like Ethereum's EIP-7702 are enabling traditional wallet users to upgrade to programmable smart accounts. Early adoption of these platforms could provide significant advantages as the ecosystem matures. The Risk-Reward Calculation: While the growth numbers are impressive, remember that crypto wallets are still evolving rapidly. The leaders today may not be the leaders tomorrow, but the underlying trend toward financial superapps appears unstoppable. The transformation of crypto wallets from storage tools to financial superapps represents more than technological progress—it's a fundamental shift in how money works. For Investors: Consider exposure to the infrastructure powering this transformation, from Layer 2 networks like Base to wallet providers successfully scaling in both emerging and developed markets. For Consumers: The wallet revolution is happening whether you're ready or not. Understanding these platforms now—while they're still relatively simple—could provide significant advantages as they become more complex and central to daily financial life. The Bigger Picture: We're witnessing the early stages of a financial system that's more accessible, more integrated, and more global than anything that came before. The question isn't whether this transformation will happen—it's whether you'll be positioned to benefit from it. Read Next: Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can This article More Than 40 Million People Already Use Crypto Wallets Like Bank Accounts—Here's What They Know That You Don't originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
11-06-2025
- Business
- Forbes
Three Crypto Wallet Trends You Can't Afford To Miss In 2025
Crypto Wallet Trends in 2025 (Photo by Smith Collection/Gado/Getty Images) If you're anything like me, you've seen crypto wallets evolve from niche products into indispensable superapps shaping how millions globally interact with blockchain technologies. But I wanted to see it in the data. So, I found the new report from Dune Analytics and Now, having done a deep dive into the Dune and Addressable "Crypto Wallets 2025" report, three transformative themes stand out—smart wallet innovation, wallet ecosystems evolving into financial superapps, and clear geographic trends shaping wallet adoption. Mats Olsen, Dune's Co-founder and CTO Dune's Co-founder and CTO, Mats Olsen, explained to me, "At Dune, we believe data is the backbone of innovation in web3. Our mission has always been to make crypto data accessible. It's important to note that wallet data isn't just a tool for analytics—it's the foundation for building smarter, more intuitive applications that empower users to own and navigate their digital lives. " Let's unpack these powerful shifts and what they mean for the future of crypto. Smart wallets are unlocking a better crypto UX. These Smart wallets work thanks to new technology called account abstraction and something known as ERC-4337. These let wallets do more advanced things—like letting you log in without a password, making transactions without paying fees yourself, and even recovering your wallet if you lose access. The Dune and Addressable report pulled out the essentials on Smart Wallets. The most notable growth story? Coinbase Smart Wallet, which saw weekly active users jump from 15,000 in January 2025 to over 40,000 by April 2025, largely due to its native integration with Base, Coinbase's Layer 2. This flywheel—app onboarding + onchain execution—has positioned it as the most prominent consumer-facing smart wallet. And, Base has emerged as the leading network for smart wallet activity, with over 65% of smart account deployments and 87% of all UserOperations by April 2025. It's become the go-to execution layer for high-frequency, low-cost smart wallet usage. Although Safe dominates in raw deployment numbers—43 million accounts and 63% market share—many of these are backend implementations, such as those automatically deployed by apps like Worldcoin. In contrast, platforms like Coinbase Smart Wallet are seeing direct consumer usage and growing retention, now approaching 60% returning user rate. So what's the real takeaway? Smart wallets are shifting from technical novelty to infrastructure backbone. Whether embedded in apps or powering direct user interactions, they're defining the next era of Web3 onboarding. Just like superapps in Asia—such as WeChat or Grab—combine everything from payments to messaging into one app, crypto wallets are transforming into all-in-one financial superapps. They're becoming central hubs where users can manage every aspect of their digital lives. But what exactly are these wallets doing—and why does it matter? Today's wallets go far beyond storing tokens. They now offer integrated tools that make engaging with crypto simple, fast, and powerful: These services once required using multiple platforms and tools. Now, they're accessible with just a few taps from a single wallet. And the adoption is real: Phantom Wallet Supporting this shift are infrastructure providers like Privy and Reown. Privy, for instance, allows apps to create secure wallets at login—in under 200 milliseconds. That makes it easy for new users to get started and for developers to build wallet-native experiences. And did you know that AI Agents now have their own Crypto Wallets? In short, wallets are no longer just tools for crypto insiders. They are quickly becoming the financial superapps of Web3—combining banking, investing, gaming, and identity into a single, streamlined experience. One of the most eye-opening insights from the Dune Analytics and Addressable report is the clear geographic diversification in wallet adoption. In Asia, custodial wallets like OKX and Bitget dominate, driven by ease-of-use and strong local brand recognition. OKX alone controls a substantial portion of wallet capital in countries like South Korea and China, highlighting trust in custodial models in these regions. On the flip side, non-custodial wallets like MetaMask and Phantom have built strong user bases globally, especially in emerging markets. Nigeria, India, Indonesia, and Vietnam consistently rank among top countries in wallet usage. Here's the catch: while user numbers soar in these regions, capital concentration remains firmly skewed toward developed markets like the U.S., South Korea, and Europe. Asaf Nadler, COO and Co-Founder, Addressable And in chatting with Asaf Nadler, COO and Co-Founder, Addressable, he revealed some more findings. 'This report marks the first time we've been able to explore the concrete user behavior of over 20 leading wallets across 15 million users—made possible by Addressable's ability to match wallets to real individuals and their actions. The user data revealed two critical new insights: first, that emerging markets like Nigeria and India aren't just participating—they're leading global crypto adoption and may deserve far more strategic focus; and second, that the wallet landscape is highly saturated, with fewer than 10 players dominating user market share. These findings reshape how we think about growth, competition, and the next frontier of crypto adoption.' This dual dynamic poses fascinating strategic implications. Wallet providers must balance high-volume user acquisition strategies in emerging markets with high-capital management strategies in developed regions. It's a complex yet thrilling balancing act that will shape the future growth trajectory of wallet ecosystems. If you're tracking crypto trends, it's clear that wallets are no longer peripheral—they're central to the user journey and blockchain adoption. Smart wallets are rapidly becoming essential infrastructure, financial superapp functionalities are redefining user expectations, and geographic diversification is shaping global adoption strategies. As we look forward, I see wallets not just as storage or transaction tools, but as comprehensive gateways redefining digital identity, financial inclusion, and crypto usability globally. And as the lines between traditional financial services, web3 infrastructure, and seamless UX continue to blur, wallets will undoubtedly remain at the heart of crypto innovation. So, what's next? With standards like Ethereum's EIP-7702 enabling even traditional wallet users to upgrade to programmable smart accounts, we're entering a new era where wallets become smarter, more versatile, and integral to every digital interaction. Buckle up—wallets aren't just evolving; they're transforming crypto from niche to mainstream right before our eyes. Did you enjoy this story about the new and Dune Analytics report on crypto wallets? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.
Yahoo
10-04-2025
- Business
- Yahoo
SPS Commerce: Its risks might move it up
SPS Commerce Inc. (NASDAQ:SPSC) creates software to help retailers with their supply chain management. It specializes in Electronic Data Interchange (EDI) services that help businesses automate and streamline communications across supply chains. Although its main customer target has been retailers, it's now expanding to other areas as well. Warning! GuruFocus has detected 2 Warning Sign with SPSC. The company's year-over-year growth was 19% in 2024, well above its target model of ?15%. This growth equates to an 8-year CAGR (2016-2024) of 16%, demonstrating sustainable long-term growth. Recurring revenue now represents 94% of total revenue, demonstrating excellent revenue stability, which is helpful in a sector with high volatility. The current penetration of ~ 16% suggests significant room for expansion on a $11.1B global TAM (Total Addressable Market), with $6.5B in the U.S. alone Some of the drivers of the revenue growth are: Increasing customer base through retail programs, channel sales, and marketing Increasing wallet share (annualized average recurring revenues per recurring revenue customer) through upselling and cross-selling additional products Consolidation through customer, product, technology, and geographic expansion. This is why the company has been making acquisitions: Carbon6, SAP B1 SPS Integration Technology, and TIE Kinetics. The company expects to continue growing revenues at 15% or more, and analysts forecast a 16.01% 3-year CAGR. Unlike other tech companies, SPS Commerce has been profitable since at least 2018, after a relatively small dip in income. Its net income margin has been stable at 12% over a 4-year period, but one major concern is that its EBITDA margin of ~29% is below the target of 35% - close to the industry average of 33.84%. However, that's where an investor can see the first opportunity. Given the target of 35%, the company's management knows it's achievable. When that happens, the share price will follow the increase in earnings. And with a target EBITDA growth of 15-25% annually, that does not seem far away. As context, the change over a 10-year period is presented below for EBITDA. Trendline higher than the mentioned growth target Another metric that raises concern is the 1% YoY customer growth in 2024. This is a decrease from the 6% achieved in 2023. This can mean the competition is getting ahead of the company and capturing new customers. However, another opportunity is presented here. Management has noted this and is now focusing on accelerating customer acquisition and increasing wallet share. With the last acquisitions adding products in new areas and the plan for geographical expansion, growth on those fronts can be achieved. Also, given the company's strong balance sheet, it has the potential to initiate strategic acquisitions to expand product capabilities and market reach even further. The company has maintained a lean balance sheet with $241M in cash and cash equivalents, no long-term debt, healthy stockholders' equity of $854.7M, and total assets reaching $1031.2 in 2024. This puts the company in a position to move quickly into areas of opportunity like acquisitions, customer expansion, developing new products, and market expansion. And, in case of economic downturns or increased competition pressure, there is more room to fight back. Some other points that provide a favorable outlook are The network effect creates a defensible moat with 45,000+ recurring revenue customers. Also, the cost of changing to another supplier of these software services is high and prevents existing customers from migrating at the first problem with the software. Instead, there is an incentive to help the company improve the product. Relationships with 3,500 buying organizations and 2,000+ 3PLs (Purchase Lines) Integration with 400+ system partners (Microsoft, Intuit, Oracle, SAP, etc.) enhances product features and makes it easy for companies that already use them to adopt these partners' services. The viral lead generation model through retailer change events creates efficient marketing. A high percentage of recurring revenue (94%) creates stability With the multiple acquisitions, the company may face difficulties integrating different teams, systems, processes, and cultures. If problems arise in this regard, product development and geographical expansion will be affected, and as a consequence, customer acquisition and wallet share expansion will slow down. Due to the nature of the software sector, the company is exposed to a highly competitive environment. With competitors like IBM, Open Text Corp, E2Open, and more, any mistake the company makes can and will be used by the competitors. Also, the supply chain technology space is evolving as more workloads are moved to cloud-based operations. Another common concern with software companies is their valuations. With premium multiples based on high growth expectations, failure to post continued growth can lead to devaluation. Macroeconomic factors can affect the whole industry. Retail sectors might be at higher risk of being disrupted by economic factors like trade wars or recessions. This threat is a significant concern because a considerable portion of the company's customer base is small and medium-sized businesses. Using GuruFocus tools, investors can have an idea of the target price for the company's shares. With the following assumptions as input for a DCF model: A growth rate of 25% based on the company's plans going well, specifically regarding customer acquisition and wallet share expansion. Terminal stage growth rate of 4%, close to the US GDP growth of 3.1% (1947-2024) WACC of 9.69% as the discount rate Book Value of 22.69M (from company data) The following result is computed (Note: for some reason, the growth and discount rates do not show the updated values, but the result uses the correct values) The Free Cash Flow graph is shown below as context. The FCF growth rate for the DFCF model is 19.94%, while it has been 35.50% over the 10-year period shown on the graph. The tool also tells us that growth is achievable. These numbers show that the company is considerably undervalued. Its potential upside is 29.13%, which can be realized quickly once other investors start looking into it. One of the gurus who is heavily investing in SPS Commerce is Ken Fisher (Trades, Portfolio), who has been consistently increasing his position, reaching 265,326 shares (0.710% of outstanding shares) If we look at the volume of guru trades, we see that almost all the trades done have been buys One could argue that tariffs are a risk for the company, but I think they could actually boost adoption. Tariffs will impact supply chains worldwide; in that case, a tool like the one provided by SPS Commerce is of much help. If we look at the financials during another event disrupting supply chains, the 2019/2020 pandemic, we find no significant effects. Moreover, this situation could raise awarness of companies like SPSC, potentially attracting investors. SPS Commerce presents an attractive investment case for investors expecting high returns while being able to compromise on risk. The company has demonstrated the ability to grow revenue at ~19% while maintaining healthy profitability and strong cash flow. Based on the company's consistent financial performance, ample market opportunity, and strategy moving forward, it is well-positioned to continue growing. The primary growth concern is slowing customer acquisition, which is partially offset by the positive expansion in wallet share among existing customers. Given its multiple growth pathways and significant market opportunity, the company's expectation of ?15% revenue growth going forward appears reasonable. The strong balance sheet with no debt and substantial cash reserves provides flexibility for strategic investments, acquisitions, and changes in direction. The company's high percentage of recurring revenue, paired with low churn, creates predictability, while the strong network effects build a defensible competitive position. The key investment consideration would be valuation, as high-quality SaaS companies often trade at premium multiples. There might be companies with equal or more upside potential with less risk; I'm open to reading about them in the comments. This article first appeared on GuruFocus.
Yahoo
03-04-2025
- Business
- Yahoo
Crypto Ad-Tech Shop Builds 'Retargeting' Service to Reel in Likely Customers
Web2 marketers have long had tricks to track down and "acquire" (in ad speak) likely customers. But Web3? Not so much, says ad-tech exec Asaf Nadler. His company Addressable, is out with a new service that Nadler, the chief operating officer, claims will improve the efficacy of Web3 marketing — from the perspective of salespeople, of course. It's all about "retargeting" the most valuable potential customers: people who very nearly pressed buy, trade, sell, swap, join, but didn't. Finding those folks in Web2 is straightforward given the troves of personal data scattered online. Crypto's trickier because wallets are pseudonymous. The company's database "bridges the gap," he said, and lets companies target their most likely customers. Such precision could be especially important if crypto's bear market deepens into a blowout that pushes new users away. Economic malaise increases what traditional marketers call the "cost per acquisition" and what Addressable terms the "cost per wallet." "Especially in a bear market people aren't as hyped about user acquisition," said Nadler, "But what founders care about is letting the community know they still care and reactivate them." Addressable isn't building a doxxing service, says Nadler. While it might know on the backend that John Doe owns wallet abc123, it's not passing that information to the client, say, CoinDEX. Instead its product lets CoinDEX target John Doe with ads so that wallet abc123 becomes a paying customer. Building the inference is Addressable's specialty, he said. The company trawls social media posts for intel that it can cross-check with wallets. Perhaps wallet abc123 interacted with protocols that John Doe follows on X. Or it's made trades that John Doe discussed on Reddit. All these clues can be enough to reverse-engineer a targetable identity. The resulting ad-tech playbook is less an only-in-crypto innovation than a recreation of online marketer's existing capabilities with special twists for the on-chain economy. Companies' Web3 funnels are already incredibly narrow, Nadler said, because potential customers are uniquely difficult to target. "Rather than pay KOLs, or do very broad activities, what we allow is companies to target only the users that have engaged with you," he said. KOLs are key opinion leaders, social media influencers who promote projects to their followers. While Addressable has been around for three years, the retargeting service is new, Nadler said. He said he believes it will be a difference-maker for protocols seeking stickier customers. "The most horrible thing that can happen to DeFi projects at the moment is if users stop believing in them," he said, pointing to targeted advertising as the solution. Sign in to access your portfolio
