PANews reported on November 16 that according to The block, Canada-based fintech company DeFi Technologies (stock code: DEFTF) had total revenue of 24.2 million Canadian dollars in the third quarter, and its cryptocurrency arbitrage trading platform DeFi Alpha had revenue of 20.6 million Canadian dollars, exceeding Benchmark's estimate of 16 million Canadian dollars. This is a sharp drop from 111.5 million Canadian dollars in the previous quarter. "After the end of this quarter, the trend supporting DEFI growth became stronger as the results of the US election brought a more positive environmental outlook to the crypto industry, pushing the prices of Bitcoin and several other tokens to record highs," Benchmark analyst Mark Palmer wrote in a report to clients. Analysts said the surge in enthusiasm around cryptocurrencies had a huge impact on the DeFi platform, as the company's assets under management increased by nearly 38% after the end of the third quarter, reaching 1.1 billion Canadian dollars on November 13.