According to CoinMeta, the on-chain lending platform Figure Technology Solutions saw its net profit increase by 192% year-on-year in the second quarter, reaching $87 million, while its net revenue more than doubled to $226 million. The quarterly transaction volume in its consumer lending market increased by 132% to $4.3 billion, of which the blockchain lending market Figure Connect contributed $2.8 billion. The company added over 100 new lending partner institutions during that quarter and stated that the previously announced acquisition deal for $717 million Kiavi is still planned to be completed in the second half of this year.