TechFlow News, March 18: According to The Block, Tangem, a cryptocurrency hardware wallet manufacturer, reported that its 2025 revenue surged 102% year-on-year to $61.3 million. This growth has shifted from purely hardware sales toward sustained in-app usage—monthly active users rose 50% year-on-year, and recurring in-app usage scenarios have become the primary revenue driver.
Tangem stated that its current strategic focus is on promoting “Active Self-Custody” and expanding access to decentralized finance (DeFi), aligning with the growing market demand for hybrid custody models.
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