Ethena’s financial success story continues to captivate the crypto market. This DeFi protocol has witnessed a remarkable surge in revenue, with August recording a staggering 243% monthly increase. This impressive performance fueled a notable price rally for ENA tokens, exceeding $0.6972 and contributing to a year-to-date gain of over 26%. 500 million dollars in cumulative revenue is an impressive achievement for a project still in its early stages of development. 2025 Q3’s earnings jumped from only $1.82 million to $87.94 million, illustrating the immense growth the protocol has experienced. Ethena’s success isn’t limited to Q3, with July and August recording record-breaking revenue figures exceeding $9.46 million and $68.49 million respectively. This trajectory puts Ethena in the top three for weekly revenue in the DeFi space. Key factors driving this momentum include its integration of BNB as collateral for USDe stablecoin, further bolstering market confidence, alongside the inclusion of a crypto savings service within TON wallets via the tsUSDe platform. These initiatives have contributed to growing user adoption and increased convenience.