As bitcoin hovers near its all-time high, a growing number of cryptocurrency companies are proving they can take a tiny set of resources and turn them into highly profitable enterprises very quickly. 

Dydx, a four-year-old San Francisco startup that lets traders outside the U.S. buy and sell cryptocurrency-based financial products, recently processed more transaction volume than Coinbase, the most valuable crypto company in America. On September 27 and 28, Dydx recorded $18.6 billion in transactions, compared with $5.9 billion for Coinbase, according to CoinGecko. That has helped Dydx pull in $75 million in revenue so far in 2021. It expects to hit $125 million before year’s end, with $81 million in net profit, says 28-year-old founder and CEO Antonio Juliano. That would equate to a sky-high net profit margin of 65%. 

Juliano grew up in Pittsburgh and went to Princeton to study computer science. Like crypto billionaire Sam Bankman-Fried, he didn’t have a burning interest in crypto before he entered the industry. He just knew he wanted to join a tech startup and later become an entrepreneur. In 2014, venture capitalist Fred