JUST IN: @ethena_labs booked $53.4M in revenue over the past 7 days.
Second only to Tether and ahead of Circle, Ethereum, Hyperliquid, and Pumpfun.
Few protocols have catalysts like these on the horizon:
⇨ Rate cuts are pushing yield-seeking capital out of traditional markets and into USDe.
⇨ USDe supply at an ATH drives revenue directly from staking yields and funding rates.
⇨ An approved fee switch for $ENA stakers creates direct upside from this revenue growth.
⇨ @etherealdex mainnet rollout has started, adding a direct trading venue for USDe and a new source of protocol revenue.
⇨ The @convergeonchain launch will provide an institutional-grade EVM L2 for RWAs, using USDe/USDtb as gas and secured by staked ENA.
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