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However, to be clear, we did not make any material changes to our feestructure in Q4. And the blended average fee rate that you see reported is simply due to mix shift on our platform. The US has been losing 2% of blockchain developer share annually since 2017. Now turning to subscription and services revenue.
We have saved customers hundreds of millions of dollars by disrupting the traditional remittance industry with a digital-first approach, transparent feestructure, and customer-centric innovations. And she signed up in 2017. We are not merely strengthening our position, we are setting new industry standards.
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