Ethena Blasts Past $36 Million in Fees, Entering Top 3 Crypto Protocols

Ethena, the innovative synthetic dollar protocol from Ethena Labs ($ENA), has surged to third place in the crypto ecosystem by generating a staggering $36 million in fees last week. This achievement underscores growing demand for their USDe product and highlights the platform’s potential as a decentralized alternative to traditional stablecoins. 💰