STEPN has a monthly income of $100 million and a net profit of $3-5 million in daily transaction fees

Move to Earn app STEPN is making $100 million in monthly revenue and $3-5 million in net profit from daily transaction fees, Techcrunch reported On May 23. In a recent interview with TechCrunch, Co-founder Jerry Huang said STEPN now has 2 million to 3 million monthly active users worldwide, with "tens of thousands of new users joining STEPN every day." STEPN raised a $5 million seed round led by Sequoia India and Folius Ventures in November and a strategic investment from Binance Labs in April. Currently STEPN has a team of about 70 people in countries including Australia, the UK, the US and Singapore, and is still expanding rapidly. The next step will be to build STEPN social products around its community of Token holders.