Margins Cushion Wakefit’s ProfitabilityFresh from its IPO, Wakefit reported a profitable Q3 FY26. Despite seasonal discounts and a CFO transition, the D2C furniture and mattress brand clocked record quarterly revenues, alongside a sharp improvement in its margins. Here is a snapshot of Wakefit’s Q3 numbers:Profits stood at ₹31.9 Cr compared to a loss of ₹2.4 Cr in Q3 FY25Revenue from operations rose 9.4% YoY to ₹421.3 Cr EBITDA improved 158% YoY to ₹70.3 Cr, while margins expanded to 53.8% Total expenses ro ...

Core Insights - The crypto community is increasingly focused on the Neobank concept in Web3, with significant interest in projects that have real-world applications [1] - Low-cap altcoins within the Neobank narrative are perceived as undervalued, presenting new investment opportunities [1] Neobank Concept - A Neobank in Web3 is a fully digital bank operating on blockchain without physical branches, integrating DeFi features like self-custody and yield-bearing accounts [2] - Web3 Neobanks prioritize transparency, eliminate intermediaries, and support cross-chain connectivity, distinguishing them from traditional neobanks [2] Market Growth Potential - The global neobanking market reached $148.93 billion in 2024 and is projected to grow at a CAGR of 40.29%, reaching $4,396.58 billion by 2034 [3] - The growth potential for Web3 Neobanks is bolstered by increasing stablecoin adoption and a shift in investor focus towards crypto projects with real-world utility [4] Current Market Landscape - The Neobank category currently has a total market capitalization of $4.19 billion, with Mantle leading at $3.31 billion and Ether.fi at $412 million [5] - Physical card transaction volume from Web3 neobank projects reached a record high of over $379 million last month [5] Future Outlook - Analysts believe the growth potential for transaction volume is significant, with a strengthening link between Web3 projects and traditional payment companies [6] - Predictions suggest that Neobanks will become a key narrative in shaping crypto trends by 2026, driven by AI agents and blockchain privacy [6] Investment Opportunities - Despite recent price declines in top Neobank projects, several low-cap altcoins under $100 million have attracted new capital and shown strong performance [7] - Avici (AVICI), a self-custodial crypto banking project on Solana, has seen its market cap increase tenfold to $77 million, with its price exceeding $6 [8]