Hold on to your hats, because Ethena is shaking up the crypto world! In a dazzling feat of digital dexterity, this Ethereum-based protocol has managed to surge past PancakeSwap and Jupiter, raking in a jaw-dropping $3.28 million in daily revenue. Who’s on top? Well, Tether and Circle are still basking in their financial glory, but Ethena is definitely making waves. 🤑🚀
According to DeFi Llama (because who doesn’t trust llama-shaped data?), Ethena (ENA) has clawed its way up the ranks to secure a solid third place in the daily fees league. Just in the last 24 hours, this protocol has banked a cool $3.28 million, all thanks to USDE, its stablecoin darling. What’s that, you say? A stablecoin on the rise? Well, apparently, it’s a thing.
Now, before you start wondering, “Well, how does it stack up against the big dogs?” let’s break it down. The market cap of USDE is already sitting pretty at $5.4 billion. And just to keep things spicy, the 24-hour trading volume surged by 23.6%—oh yes, from the previous day, which brings it to $63 million. That’s some serious coin. 💸
However, don’t get too excited just yet. While Ethena is making quite a name for itself, it’s still trailing behind the crypto titans Tether (USDT) and Circle (USDC) in terms of daily revenue. At the time of writing, Circle’s pocketing $6.12 million, and Tether is sitting pretty with a massive $18.31 million. Guess they’ve got more than a couple of pennies to rub together. 💰
But wait—there’s more! Ethena has left other protocols in the dust, outstripping the likes of PancakeSwap (CAKE), Jupiter (JUP), Meteora, Uniswap (UNI), and even Tron (TRX). PancakeSwap, for example, only pulled in $2.54 million, while Jupiter had to settle for a mere $1.99 million. And the other guys? Well, let’s just say they are *lagging* behind. 🍯
In a true show of dominance, Ethena’s native token, ENA, also decided to join the party and climbed over 4% in value. This little gem is now worth a market cap of nearly $2 billion. Not bad for a day’s work, eh? 💎
And let’s not forget—Ethena’s been busy. Just a day ago, they splashed $200 million into BlackRock’s tokenized U.S. Treasury fund, BUIDL. No big deal. And last December, they dropped their second stablecoin, USDtb, which, unlike other stablecoins, offers yields. Talk about making your money work for you! Investors are lining up, eager to snatch up some passive income. 😏💼
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2025-03-14 23:25