Ethena has emerged as a leader in the decentralized application (DApp) space, setting a remarkable milestone with over $6.8 million in daily cumulative revenue in the past week, as revealed by Seraphim Czecker, the Head of Growth at Ethena Labs, on a March 8 X post. This achievement places Ethena just behind the blockchains Tron and Ethereum, which recorded daily revenues of $38.6 million and $182.5 million respectively over the same period. The platform is gaining attention for offering a significant 67.2% yield on its USDe synthetic dollar, attracting over 350,000 users. The value of USDe has seen a substantial
George Summers is a journalist specializing in cryptocurrency and blockchain technology. With a focus on market trends and regulatory developments, George provides insightful analysis and up-to-date coverage of the fast-paced world of digital currencies. His articles aim to inform and educate readers on the latest happenings in the crypto space.