Huge gold loss caused Antalpha Q2 net loss of 12.5 million, TVL shrank by nearly 700 million

According to Woofun AI, Antalpha's second-quarter results were dragged down by huge losses in Aurelion's digital gold assets and fell into deficit as a whole. This core source of loss directly led to a drastic reduction in the total hedging volume (TVL) of the company's loan assets, and there was a significant shift in financial performance.

According to data compiled by Woofun AI, Antalpha's second-quarter revenue fell 28% year-on-year to US$12.2 million. Net profit changed from profit to loss, and recorded a net loss of 12.5 million US dollars. The previous quarter's profit was only 700,000 US dollars. The contraction in business was reflected in various segments: TVL for supply-chain related loans plummeted 46% to $384 million, TVL for margin loans fell 27% to $969 million, and total loan size decreased by $696 million.

Looking ahead to the third quarter, Antalpha predicts a revenue range of $10 million to $12 million. Although lower than the level of the second quarter, the core platform Antalpha Prime remains profitable under non-GAAP standards. Chief Financial Officer Paul Leung emphasizes strict operation and risk control, plans to selectively allocate capital, and focus on promoting high-return businesses such as Web3 AI intelligence Nina to optimize long-term shareholder value.

The strategic focus is shifting from simply holding assets to technical services. Frank Zheng, CEO of Aurelion, pointed out that the platform is being upgraded to a risk control and technical support platform for the on-chain gold business, which aims to achieve sustainable revenue growth through technical support and get rid of dependence on single asset price fluctuations.