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# Milestone: $1B in Transactions

<figure><img src="/files/0g3h4ejZX0kIhgHU88zE" alt=""><figcaption></figcaption></figure>

I’m Joey, one of the cofounders of Nook. &#x20;

Last week we reached an exciting new milestone that I am excited to share.

Nook has successfully completed **over $1 billion in customer transactions.** &#x20;

Since we launched Nook less than a year ago, we have been focused on one mission: **higher earnings for everyone**. This milestone of **$1B in transactions** proves that we are headed in the right direction as we connect more customers to higher returns, through stablecoin based money markets. It's a milestone that is amazing and a bit surreal to be honest.

But I wanted to share this with you because I think it may just be the beginning.

### **Where we started**

Before we launched, Nook was at less than $1 million in transactions. We had a mission to connect everyone to higher earnings through open markets. But the start was small. My cofounders and I each put in $50,000 to rigorously test it. The team was working around the clock to verify the system, top to bottom.

But we were far from even a million dollars in transactions. And very far from the $1B milestone of today. Since launch we went from less than **$1M** to over **$1B** in transactions, averaging **$20M in transactions, per week.** This milestone was **made by our customers.** Not us. When we launched Nook in June, 2025, it was a very basic experience. We only connected customers to one earning source, on one network. It was simple - but not very powerful. Compared to other finance apps at the time, it did not stand out. So we had far less than $1M in transactions.

People could deposit, earn from the one source - and withdraw money. That was it.  But we kept building. And moved beyond those early days, to build a platform where you can earn more by **connecting to multiple markets.** Not just one.

### **From <$1M to $1B+ in Transactions**

How did we reach this milestone? One billion dollars in transactions does not mean there are $1B in deposits sitting around. It means that through all of the actions taken through Nook, the total has surpassed $1 billion. Let me break this down. Over the course of the last 50 weeks since our launch, tens of thousands of customers have either deposited, earned, rebalanced, or transferred a sum of $1B. Because we support transfers in and out of Nook, and across **multiple earning sources** - customers put their money to work through Nook. This shows that our customers are earning from the open markets.

And not having their cash sit in one source, earning a low return. The $1B of transactions is broken out by **two core actions.** **Transfers in and out of Nook** Every customer experience starts with their first deposit. Nook has no lockups on customer funds or minimums on deposits. You can earn for however long or short you want. Deposits and withdrawals are always free, and, depending on the method you choose to deposit, they are often settled instantly. That’s why over $30M of deposits and withdrawals have flowed through our system. Including deposits and withdrawals through ACH, Debit Card, Apply Pay and Direct USDC deposits.&#x20;

With our **partners,** Astra, Plaid and Bridge - you can execute a transfer from your bank account to Nook fast and simple. Transfers in and out of Nook follow one core flow. The funds are debited from your Bank account through Astra, our Payments partner, and then sent to Bridge, a Stripe company with over $500B in transactions.

From there, Bridge deposits the funds as USDC, the leading US based stablecoin in the industry - where they are then connected to the money markets you selected. From there, your funds start earning the market rate - making Nook a leader in the space of the time it takes to start earning on your cash. With over 500+ supported US banks (Wells Fargo, Chime, etc.) connected directly to Nook.

To date - we have executed over **$25M of transfers into Nook** through Bridge, our main payments partner and leader in the industry. **Rebalances to different earning sources** The most common transaction through Nook is a rebalance. A rebalance is when you **move your deposits** from **one earning source to another.**

This is what **separates Nook from everyone else.** Most banks and exchanges like Robinhood provide you access to one earning source at 3.25% APY. We connect you to 8 earning sources, ranging from 4% to 8% (depending on the market.) Because of market changes and how Nook was designed, customers can take advantage of these market changes and move their money easily (1) without any costs (2) quickly - typically in less than 1 minute. Since launching rebalancing just last year, Nook has executed over **25,000+** rebalances successfully, with no issue.

That’s over **45 rebalances per day**. In total, that’s thousands of customers moving over $600,000 of their deposits into different markets through Nook, per day (on average). All for free and all with no delay. Nook customers decide **where they want their deposits to earn** - and when. Why? Because if you earn across multiple markets - you tend to earn more than if you are just earning in one market.

### **A real world example**

Take for example, a real customer that deposited over $100,000 into Nook last week.  Since depositing, this customer has been earning an APY between 6% to 7% APY. And was able to rebalance to a higher earning - all within seconds, 100% free. That switch means that within a few seconds, the Nook app (1) moves funds from your current source (2) approves a deposit into a new source and then (3) executes that transaction. All in one tap.

### **What this means for you**

Nook's foundation today is not fundamentally different from before we hit this milestone.

It’s still the same trusted tech and team that has connected you to these money markets.  Speed, cost, ease of use are all important at Nook.

But trust is key.

By **building something for you,** the right way, we have repeatedly shown that it’s **a durable path forward** as the financial industry **shifts to adopt these open markets.** To us, transactions completed is a **direct measurement** in this increase in user trust as we approach 1 year of Nook. As we continue to grow and build on this momentum, we are excited to continue to develop more markets for you to access.&#x20;

With a set of new changes launching soon that we are excited to share.&#x20;

But until then - I want to thank you and everyone on Reddit for helping us reach this milestone!

Joey


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