Ethena Crosses $500M in Revenue as Synthetic Stables Bounce

Share via:


Ethena Labs on Thursday said its Ethena protocol has generated more than $500 million in cumulative revenue. Growth in both revenue and the circulating supply of its synthetic stablecoin, Ethena USDe (USDe), has accelerated since July as synthetic stablecoins gain market share.

Ethena Labs shared the news via a post on X, saying that in the past week, protocol revenue hit $13.4 million and USDe supply hit an all-time high of $11.7 billion. 

Source: Ethena Labs

“Ethena’s revenue has been driven by strong inflows into USDe and favorable market…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Ethena Crosses $500M in Revenue as Synthetic Stables Bounce


Ethena Labs on Thursday said its Ethena protocol has generated more than $500 million in cumulative revenue. Growth in both revenue and the circulating supply of its synthetic stablecoin, Ethena USDe (USDe), has accelerated since July as synthetic stablecoins gain market share.

Ethena Labs shared the news via a post on X, saying that in the past week, protocol revenue hit $13.4 million and USDe supply hit an all-time high of $11.7 billion. 

Source: Ethena Labs

“Ethena’s revenue has been driven by strong inflows into USDe and favorable market…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Intel’s Ohio One project shows healthy progress as new...

Back in 2022, Intel announced its Ohio One project,...

OpenAI’s Google Translate killer is here: How to use...

What's the point of ChatGPT Translate? Most translation...

ERP Isn’t Dead Yet – But Most Execs Are...

Seven out of ten C-suite executives believe traditional...

Popular

melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal