Ethena Rockets Achieves Highest Revenue as DApp Leader in Cryptocurrency
Key Takeaways
- Ethena, a dApp from Ethena Labs, emerged as the highest-grossing decentralized application with weekly revenue of $6.8 million, behind Tron and Ethereum.
- Ethena’s synthetic dollar, USDe, boasts a significant return of 67.2% for users and has contributed to a notable increase in market capitalization to $840 million.
- The project overcame initial skepticism associated with high yields.
Ethena rises quickly Best decentralized application (dApp) in terms of revenue, Last week, its daily cumulative revenue was $6.8 million, surpassing other dApps.
This achievement marks a pivotal moment for Ethena Labs and the USDe synthetic dollar and represents strong growth and widespread acceptance within the cryptocurrency community.
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Seraphim Czecker, head of growth at Ethena Labs. Announced in X post that Ethena outperformed all other dApps in terms of daily revenue. In the entire cryptocurrency ecosystem, only Tron and Ethereum are ahead.
These notable successes include: Ethena’s USDe synthetic dollar offers an impressive return of 67.2%. We have a rapidly growing user base of over 350,000.
The burgeoning interest and trust in Ethena is Growth of 43% compared to the previous week and 409% compared to the previous month USDe’s market capitalization is currently $840 million. This growth trajectory highlights Ethena’s growing importance and potential within the DeFi sector.
Ethena is setting a new standard for success and stability in the volatile DeFi environment. With a solid foundation and growing community support, Ethena is poised for continued growth and influence in the cryptocurrency market.
Released on February 19th, USDe navigated initial investor skepticism.It ultimately fell apart by drawing comparisons with similar models.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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